Real Estate Investing in La Paz, Indiana (46537)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46537 (La Paz, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 16.6% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in La Paz, IN (46537)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46537 La Paz
Stepping back, ZIP 46537 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $170K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $170K asset, 46537 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 46537 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A resilient renter share of 11% in 46537 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
leans 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 La Paz:
Market Trends
Home Value History (with trend line)
📊 How Does 46537 Compare?
| Metric | 46537 | La Paz | Plymouth, IN | Indiana |
|---|---|---|---|---|
| Home Value | $169,833 | $169,833 | N/A | $248,442 |
| 5-Year CAGR | 9.2% | 9.2% | N/A | 7.7% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
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 46537 (La Paz, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46537 (La Paz, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $169,833 |
| Monthly Rent | $954 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 13.6% |
📈 Home Appreciation
| 1-Year | +16.3% ▲ |
| 3-Year CAGR | +9.6% ▲ |
| 5-Year CAGR | +9.2% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (4.4%). 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 46537
Population: 520
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Does La Paz, IN make sense for an investment property?
With a 3.0/5 investability score, La Paz, IN ranks as a solid market for rental property investors. Median prices of $170K and rents of $954/mo drive the underlying numbers.
How qualified is the tenant pool in La Paz, IN?
Expect a solid tenant pool in La Paz, IN. The rental market absorbs $954/mo rents without meaningful friction.
How much is rent in La Paz, IN?
La Paz, IN rentals go for roughly $954/mo a month. That puts gross yield in solid territory relative to $170K acquisition costs.
Is La Paz, IN good for house hacking?
House hacking in La Paz, IN is a challenging. With home values around $170K and rents at $954/mo, owner-occupants can offset a meaningful share of PITI.
Are there empty rentals in La Paz, IN?
Vacancy in La Paz, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $954/mo.
You know 46537 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46537 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 46537 ranks in Plymouth, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46537 (La Paz)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46537 (La Paz, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.