Real Estate Investing in Millersburg, Indiana (46543)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46543 (Millersburg, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 33.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Millersburg, IN (46543)?
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Market Analysis: 46543 Millersburg
ZIP 46543 in Millersburg, IN carries a substantial set of headwinds. Home values near $426K and rents of $1,053/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $426K asset, 46543 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 46543 and stronger Millersburg ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 46543 includes headwinds that any investor should price in. Income distribution skews lower than Millersburg averages, and tenant stability requires active management.
Distressed ZIPs reward experience. robust returns are possible in 46543, 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 Millersburg:
Property Strategy for 46543
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $297,500 | $1,170 | 2.8% | +7.2% | $148,750 |
| 3BR | $326,047 | $1,500 | 3.3% | +7.5% | $108,682 |
| 4BR | $493,730 | $1,560 | 2.3% | +8.0% | $123,433 |
| 5BR | $621,188 | — | — | +8.7% | $124,238 |
Market Trends
Home Value History (with trend line)
📊 How Does 46543 Compare?
| Metric | 46543 | Millersburg | Elkhart-Goshen, IN | Indiana |
|---|---|---|---|---|
| Home Value | $426,256 | $426,256 | N/A | $248,442 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.7% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46543 (Millersburg, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $426,256 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 33.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (1.9%). 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 46543
Population: 4,467
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 46543
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
Is Millersburg, IN a good place for real estate investing?
Yes - Millersburg, IN a 3.0/5 investability score. With $426K home prices against $1,053/mo monthly rent, the market delivers a reasonable entry point for new investors.
What approach is best for Millersburg, IN real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Millersburg, IN. The numbers - $426K homes against $1,053/mo rents - support that play.
What do rentals go for in Millersburg, IN?
Rental rates in Millersburg, IN average $1,053/mo. Tenant demand and $426K home values make the yield look reasonable by investor standards.
Is vacancy a concern in Millersburg, IN?
Expect elevated vacancy in Millersburg, IN. Rents at $1,053/mo are absorbed by the tenant base without meaningful lag.
How viable is house hacking in Millersburg, IN?
House hacking in Millersburg, IN is a challenging. With home values around $426K and rents at $1,053/mo, owner-occupants can offset a meaningful share of PITI.
You know 46543 now. You don’t know where it ranks.
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How 46543 ranks in Elkhart-Goshen, IN
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