Real Estate Investing in Albion, Indiana (46701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46701 (Albion, 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.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Albion, IN (46701)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46701 Albion
The 46701 ZIP covers a section of Albion that demands careful diligence. Prices near $274K look accessible, but the work to make a deal cash flow is real.
The investment case in 46701 is resilient only for operators who understand what they are buying. A $274K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IN, ZIP 46701 trails on several market indicators that neighboring Noble County submarkets outperform. The gap is real and robust enough to shape underwriting.
Employment concentration in 46701 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. sturdy returns are possible in 46701, 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 Albion:
Property Strategy for 46701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $144,916 | $780 | 3.9% | +7.7% | $144,916 |
| 2BR | $190,918 | $1,020 | 3.8% | +9.7% | $95,459 |
| 3BR | $277,876 | $1,220 | 3.2% | +9.1% | $92,625 |
| 4BR | $365,628 | $1,710 | 3.4% | +8.8% | $91,407 |
Market Trends
Home Value History (with trend line)
📊 How Does 46701 Compare?
| Metric | 46701 | Albion | Kendallville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $274,159 | $274,159 | N/A | $248,442 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 7.7% |
| Avg Rent | $918 | $918 | N/A | - |
| 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 46701 (Albion, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46701 (Albion, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $274,159 |
| Monthly Rent | $918 |
| Price-to-Rent | 24.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 46701
Population: 8,186
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 46701
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.
Frequently Asked Questions
What price range are homes in Albion, IN?
Median home price in Albion, IN is near $274K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Is it easy to find good tenants in Albion, IN?
Tenant demand in Albion, IN is solid. The local workforce $918/mo rents across most rental classes.
How do experienced investors play Albion, IN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Albion, IN. The numbers - $274K homes against $918/mo rents - support that play.
Can I live-in-and-rent in Albion, IN?
House hacking in Albion, IN is a challenging. With home values around $274K and rents at $918/mo, owner-occupants can offset a meaningful share of PITI.
Is Albion, IN a smart market for rental property?
The 3.0/5 investability rating in Albion, IN reflects its $274K prices and $918/mo rents. Investors generally consider it a solid option within IN.
You know 46701 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46701 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 46701 ranks in Kendallville, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46701 (Albion)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46701 (Albion, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.