Real Estate Investing in Lakeville, Indiana (46536)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46536 (Lakeville, 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: 12.9% 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 Lakeville, IN (46536)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46536 Lakeville
The 46536 ZIP covers a section of Lakeville that demands careful diligence. Prices near $297K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $297K asset, 46536 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 46536's metrics run below Saint Joseph County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Turning to rents, 3,086 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.
Distressed ZIPs reward experience. durable returns are possible in 46536, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Lakeville:
Property Strategy for 46536
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $170,922 | $1,140 | 4.8% | +9.2% | $85,461 |
| 3BR | $278,070 | $1,380 | 3.6% | +9.1% | $92,690 |
| 4BR | $343,881 | $1,510 | 3.2% | +8.3% | $85,970 |
Market Trends
Home Value History (with trend line)
📊 How Does 46536 Compare?
| Metric | 46536 | Lakeville | Indiana |
|---|---|---|---|
| Home Value | $296,929 | $296,929 | $248,442 |
| 5-Year CAGR | 8.1% | 8.1% | 7.7% |
| Avg Rent | $1,026 | $1,026 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46536 (Lakeville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $296,929 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.7%). 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 46536
Population: 3,086
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 46536
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
Investor Insight: With 1,262 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Lakeville, IN rate as a rental market?
Lakeville, IN scores 3.0/5 for investability. Home values sit at $297K and rents near $1,026/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Do landlords face vacancy issues in Lakeville, IN?
Expect elevated vacancy in Lakeville, IN. Rents at $1,026/mo are absorbed by the tenant base without meaningful lag.
What investment strategy works best in Lakeville, IN?
In Lakeville, IN the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $297K prices and $1,026/mo rents suits that approach.
How much does a house cost in Lakeville, IN?
In Lakeville, IN the median home value sits at $297K. Against the broader IN market, that reads as reasonable for most investors.
Are rents high in Lakeville, IN?
Lakeville, IN rentals go for roughly $1,026/mo a month. That puts gross yield in solid territory relative to $297K acquisition costs.
You know 46536 now. You don’t know where it ranks.
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How 46536 ranks in South Bend-Mishawaka, IN-MI
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