Real Estate Investing in Craigville, Indiana (46731)
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Should you buy in 46731 (Craigville, 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.
- High price-to-rent: Price-to-rent ratio 29.1 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Craigville, IN (46731)?
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Market Analysis: 46731 Craigville
The 46731 ZIP in Craigville, IN is a local-operator market. Outside capital chasing a $314K entry has to pair deep knowledge with the discount.
For an experienced owner, 46731 can be a a solid fit for hunting ground — but the discount at $314K reflects genuine risk that outside investors often underestimate.
The gap between 46731 and stronger Craigville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Looking more closely, 858 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 46731 is an operator game, not a passive one. On the rental side, entry prices of $314K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Craigville:
Market Trends
Home Value History (with trend line)
📊 How Does 46731 Compare?
| Metric | 46731 | Craigville | Bluffton, IN | Indiana |
|---|---|---|---|---|
| Home Value | $314,359 | $314,359 | N/A | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.7% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46731 (Craigville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $314,359 |
| Monthly Rent | $900 |
| Price-to-Rent | 29.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 46731
Population: 858
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
Frequently Asked Questions
Is Craigville, IN a smart market for rental property?
The 3.0/5 investability rating in Craigville, IN reflects its $314K prices and $900/mo rents. Investors generally consider it a solid option within IN.
Are eviction rules reasonable in Craigville, IN?
For rental operators, Craigville, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are there empty rentals in Craigville, IN?
Vacancy in Craigville, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $900/mo.
Does house hacking make sense in Craigville, IN?
House hacking in Craigville, IN is reasonable to execute. Prices around $314K and rents of $900/mo solid owner-occupant economics.
How strong are rents in Craigville, IN?
Investors in Craigville, IN typically see rents near $900/mo per month against $314K home values - a solid setup for rental cash flow.
You know 46731 now. You don’t know where it ranks.
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How 46731 ranks in Bluffton, IN
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