Real Estate Investing in Berne, Indiana (46711)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46711 (Berne, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Berne, IN (46711)?
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Market Analysis: 46711 Berne
Investors eyeing 46711 need to respect the fundamentals at play. Home values of $261K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 46711 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 46711's metrics run below Adams County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 46711 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 46711 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Berne:
Property Strategy for 46711
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $380,379 | $880 | 1.7% | — | $380,379 |
| 2BR | $189,563 | $970 | 3.7% | +8.6% | $94,782 |
| 3BR | $216,877 | $1,240 | 4.1% | +8.4% | $72,292 |
| 4BR | $250,316 | $1,280 | 3.7% | +8.9% | $62,579 |
| 5BR | $446,722 | — | — | — | $89,344 |
Market Trends
Home Value History (with trend line)
📊 How Does 46711 Compare?
| Metric | 46711 | Berne | Decatur, IN | Indiana |
|---|---|---|---|---|
| Home Value | $261,003 | $261,003 | N/A | $248,442 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 7.7% |
| Avg Rent | $873 | $873 | 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 46711 (Berne, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $261,003 |
| Monthly Rent | $873 |
| Price-to-Rent | 24.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 46711
Population: 8,211
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 46711
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 are home prices like in Berne, IN?
Median home price in Berne, IN is near $261K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What is the typical renter like in Berne, IN?
Berne, IN offers a measured renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the smart move for investors in Berne, IN?
In Berne, IN the significant play is typically careful cash-flow rentals with hands-on management. The combination of $261K prices and $873/mo rents suits that approach.
Does Berne, IN favor landlords or tenants?
Berne, IN operates under IN law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How much do tenants pay in Berne, IN?
Rent in Berne, IN is around $873/mo. The resulting rent-to-value relationship with $261K pricing is reasonable for most investor models.
You know 46711 now. You don’t know where it ranks.
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