Real Estate Investing in Angola, Indiana (46703)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46703 (Angola, IN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 23.6% of homes vacant — above national norms.
What’s happening in Angola, IN (46703)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46703 Angola
Not every below-median market is a bargain. Angola's 46703 ZIP reflects signals that favor experienced operators who can absorb the risk $322K pricing implies.
The investment case in 46703 is notable only for operators who understand what they are buying. A $322K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 46703 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 46703 includes headwinds that any investor should price in. Income distribution skews lower than Angola averages, and tenant stability requires active management.
Strategy in 46703 is an operator game, not a passive one. From a cash-flow lens, entry prices of $322K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Angola:
Property Strategy for 46703
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $177,354 | $750 | 3.0% | +8.3% | $177,354 |
| 2BR | $237,534 | $990 | 3.0% | +8.5% | $118,767 |
| 3BR | $305,995 | $1,280 | 3.0% | +8.1% | $101,998 |
| 4BR | $443,674 | $1,310 | 2.1% | +7.8% | $110,919 |
| 5BR | $641,226 | — | — | +8.7% | $128,245 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46703 Compare?
| Metric | 46703 | Angola | Angola, IN | Indiana |
|---|---|---|---|---|
| Home Value | $322,350 | $322,350 | N/A | $248,442 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.7% |
| Avg Rent | $1,085 | $1,085 | 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 46703 (Angola, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46703 (Angola, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $322,350 |
| Monthly Rent | $1,085 |
| Price-to-Rent | 24.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.6%). 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 46703
Population: 18,907
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 46703
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 Angola in IN worth investing in?
Investors tracking Angola, IN will find a 3.0/5 rating supported by $322K median home values and $1,085/mo rents. That profile suits long-term holders targeting steady returns.
What is the median home value in Angola, IN?
Typical homes in Angola, IN go for around $322K. The 5-year CAGR of 0.0% measured price movement.
What are vacancy rates like in Angola, IN?
Angola, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
How landlord-friendly is Angola, IN?
The landlord environment in Angola, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What strategy should investors use in Angola, IN?
A careful cash-flow rentals with hands-on management strategy Angola, IN best. The market produces predictable results for that approach at the $322K price point.
You know 46703 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46703 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 46703 ranks in Angola, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46703 (Angola)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46703 (Angola, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.