Real Estate Investing in Auburn, Indiana (46706)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46706 (Auburn, 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.
No major risk flags on the data we track.
What’s happening in Auburn, IN (46706)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46706 Auburn
ZIP 46706 in Auburn, IN carries a significant set of headwinds. Home values near $283K and rents of $981/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 46706 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 46706 sits on the difficult end of the IN spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 46706 ZIP's population of 20,277 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Distressed ZIPs reward experience. significant returns are possible in 46706, 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 Auburn:
Property Strategy for 46706
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $168,545 | $970 | 4.1% | +8.3% | $84,272 |
| 3BR | $256,328 | $1,210 | 3.4% | +8.2% | $85,443 |
| 4BR | $353,925 | $1,290 | 2.6% | +7.5% | $88,481 |
| 5BR | $506,657 | — | — | +7.6% | $101,331 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46706 Compare?
| Metric | 46706 | Auburn | Auburn, IN | Indiana |
|---|---|---|---|---|
| Home Value | $283,121 | $283,121 | N/A | $248,442 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.7% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 46706 (Auburn, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46706 (Auburn, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $283,121 |
| Monthly Rent | $981 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.7%). 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 46706
Population: 20,277
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 46706
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 Auburn, IN a smart market for rental property?
Investors tracking Auburn, IN will find a 3.0/5 rating supported by $283K median home values and $981/mo rents. That profile suits long-term holders targeting predictable returns.
What kind of vacancy should I budget for in Auburn, IN?
Auburn, IN carries elevated vacancy risk. Expect reliable absorption at market rents of $981/mo.
What is the renter demographic in Auburn, IN?
The tenant pool in Auburn, IN is solid, supported by local employment and population fundamentals. Rents of $981/mo are well-absorbed by the market.
What type of investing works in Auburn, IN?
For Auburn, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong are rents in Auburn, IN?
Rents in Auburn, IN run near $981/mo. Compared with median home prices of $283K that produces solid gross yields for typical rentals.
You know 46706 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46706 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 46706 ranks in Auburn, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46706 (Auburn)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46706 (Auburn, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.