Real Estate Investing in Pierceton, Indiana (46562)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46562 (Pierceton, 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: 16.3% 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 Pierceton, IN (46562)?
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Market Analysis: 46562 Pierceton
The 46562 ZIP in Pierceton, IN is a local-operator market. Outside capital chasing a $259K entry has to pair deep knowledge with the discount.
The investment case in 46562 is resilient only for operators who understand what they are buying. A $259K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 46562 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 46562 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 46562 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Pierceton:
Property Strategy for 46562
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $174,636 | $960 | 4.0% | +7.0% | $87,318 |
| 3BR | $268,267 | $1,160 | 3.1% | +7.9% | $89,422 |
| 4BR | $302,906 | $1,310 | 3.1% | +7.6% | $75,727 |
Market Trends
Home Value History (with trend line)
📊 How Does 46562 Compare?
| Metric | 46562 | Pierceton | Indiana |
|---|---|---|---|
| Home Value | $259,006 | $259,006 | $248,442 |
| 5-Year CAGR | 5.1% | 5.1% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.6% | 2.6% | - |
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 46562 (Pierceton, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $259,006 |
| Monthly Rent | $864 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.6%). 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 46562
Population: 5,118
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 46562
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
What price range are homes in Pierceton, IN?
The median home value in Pierceton, IN is roughly $259K. That puts it reasonable relative to the IN statewide average.
How quickly do rentals get leased in Pierceton, IN?
Pierceton, IN carries elevated vacancy risk. Expect predictable absorption at market rents of $864/mo.
How strict are landlord regulations in Pierceton, IN?
Rental owners in Pierceton, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Pierceton, IN good for house hacking?
The house hack math a challenging in Pierceton, IN. Owner-occupant buyers benefit from the $864/mo rents and $259K home values.
What kind of tenants rent in Pierceton, IN?
Tenant quality in Pierceton, IN ranks as solid. Landlords generally report steady occupancy at market rents of $864/mo.
You know 46562 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46562 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.
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Community Ratings
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