Real Estate Investing in Claypool, Indiana (46510)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46510 (Claypool, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 25.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Claypool, IN (46510)?
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Market Analysis: 46510 Claypool
From an investor standpoint, ZIP 46510 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $240K median. It rewards specialists, not generalists.
From a cash-flow lens, the numbers look inviting — $240K purchase price, 0.0% nominal cap — the work to hit that pro forma in 46510 is substantial and deserves full respect.
ZIP 46510's metrics run below Kosciusko County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On balance, 3,154 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Claypool:
Property Strategy for 46510
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $114,649 | $790 | 5.0% | +7.1% | $114,649 |
| 2BR | $169,520 | $1,020 | 4.3% | +8.4% | $84,760 |
| 3BR | $254,033 | $1,240 | 3.5% | +7.0% | $84,678 |
| 4BR | $318,559 | $1,390 | 3.1% | +7.0% | $79,640 |
Market Trends
Home Value History (with trend line)
📊 How Does 46510 Compare?
| Metric | 46510 | Claypool | Warsaw, IN | Indiana |
|---|---|---|---|---|
| Home Value | $240,077 | $240,077 | N/A | $248,442 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.7% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46510 (Claypool, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $240,077 |
| Monthly Rent | $918 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46510
Population: 3,154
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46510
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How strong are rents in Claypool, IN?
Investors in Claypool, IN typically see rents near $918/mo per month against $240K home values - a solid setup for rental cash flow.
Is vacancy a concern in Claypool, IN?
Expect elevated vacancy in Claypool, IN. Rents at $918/mo are absorbed by the tenant base without meaningful lag.
How strong is Claypool, IN for real estate investors?
Claypool, IN rates 3.0/5 for investability. With median values at $240K and rents near $918/mo, the market offers reasonable fundamentals for rental investors.
What kind of tenants rent in Claypool, IN?
Claypool, IN offers a stable renter base at the $918/mo rent level. Tenant turnover is reasonable for well-managed properties.
How do home values compare in Claypool, IN?
In Claypool, IN the median home value sits at $240K. Against the broader IN market, that reads as reasonable for most investors.
You know 46510 now. You don’t know where it ranks.
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How 46510 ranks in Warsaw, IN
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