Real Estate Investing in Corunna, Indiana (46730)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46730 (Corunna, 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.
- High vacancy: 13.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.6 — 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 Corunna, IN (46730)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46730 Corunna
Put differently, ZIP 46730 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $329K median. It rewards specialists, not generalists.
The 46730 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader IN picture, 46730 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 46730 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 46730 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 Corunna:
Property Strategy for 46730
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $195,948 | $1,030 | 3.8% | — | $97,974 |
| 3BR | $312,795 | $1,290 | 3.0% | — | $104,265 |
| 4BR | $346,572 | $1,440 | 3.0% | — | $86,643 |
Market Trends
Home Value History (with trend line)
📊 How Does 46730 Compare?
| Metric | 46730 | Corunna | Auburn, IN | Indiana |
|---|---|---|---|---|
| Home Value | $328,755 | $328,755 | N/A | $248,442 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.7% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 46730 (Corunna, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46730 (Corunna, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $328,755 |
| Monthly Rent | $927 |
| Price-to-Rent | 29.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (2.2%). 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 46730
Population: 1,183
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the investability score for Corunna, IN?
Corunna, IN records an investability rating of 3.0/5, with median home values near $329K and average rents around $927/mo. That combination puts it in the notable tier for investor interest.
What investment strategy works best in Corunna, IN?
In Corunna, IN the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $329K prices and $927/mo rents suits that approach.
What is the typical vacancy rate in Corunna, IN?
Occupancy in Corunna, IN runs stable with elevated vacancy. Well-priced units at $927/mo lease on reasonable timelines.
Are renters plentiful in Corunna, IN?
Corunna, IN draws a reliable base of working renters. Demand at the $927/mo rent level is reasonable for standard single-family and small multi rentals.
How much do tenants pay in Corunna, IN?
Rent in Corunna, IN is around $927/mo. The resulting rent-to-value relationship with $329K pricing is reasonable for most investor models.
You know 46730 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46730 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 46730 ranks in Auburn, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46730 (Corunna)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46730 (Corunna, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.