Real Estate Investing in Avilla, Indiana (46710)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46710 (Avilla, 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.
- Elevated vacancy: 10.5% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 27.8 — 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 Avilla, IN (46710)?
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Market Analysis: 46710 Avilla
ZIP 46710 inside Noble County looks affordable on the surface — median value of $288K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $288K asset, 46710 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 46710's metrics run below Noble County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 46710 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 46710 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Avilla:
Property Strategy for 46710
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $205,415 | $960 | 3.4% | +9.1% | $102,708 |
| 3BR | $267,743 | $1,150 | 3.1% | +8.6% | $89,248 |
| 4BR | $325,816 | $1,590 | 3.5% | +8.3% | $81,454 |
Market Trends
Home Value History (with trend line)
📊 How Does 46710 Compare?
| Metric | 46710 | Avilla | Kendallville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $287,725 | $287,725 | N/A | $248,442 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46710 (Avilla, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $287,725 |
| Monthly Rent | $864 |
| Price-to-Rent | 27.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.3%). 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 46710
Population: 4,486
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 46710
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 is the investability score for Avilla, IN?
Avilla, IN comes in at an investability rating of 3.0/5, with median home values near $288K and average rents around $864/mo. That combination puts it in the notable tier for investor interest.
Are tenants stable in Avilla, IN?
Avilla, IN draws a even-keeled base of working renters. Demand at the $864/mo rent level is reasonable for standard single-family and small multi rentals.
Where do rents currently stand in Avilla, IN?
The typical rental in Avilla, IN commands about $864/mo monthly. That rent profile reliable cash flow against the $288K purchase basis.
What investment strategy works best in Avilla, IN?
Most investors in Avilla, IN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Can owner-occupants cash flow in Avilla, IN?
Avilla, IN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $864/mo rent level.
You know 46710 now. You don’t know where it ranks.
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How 46710 ranks in Kendallville, IN
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