Real Estate Investing in Harlan, Indiana (46743)
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Should you buy in 46743 (Harlan, 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 Harlan, IN (46743)?
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Market Analysis: 46743 Harlan
This part of Allen County is not an easy win. The 46743 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 46743 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 46743 sits on the difficult end of the IN spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 46743 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Harlan's stable or hybrid ZIPs before stepping into 46743. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Harlan:
Property Strategy for 46743
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $260,079 | $1,440 | 4.0% | +7.8% | $86,693 |
| 4BR | $332,713 | $1,560 | 3.4% | +7.4% | $83,178 |
Market Trends
Home Value History (with trend line)
📊 How Does 46743 Compare?
| Metric | 46743 | Harlan | Fort Wayne, IN | Indiana |
|---|---|---|---|---|
| Home Value | $284,523 | $284,523 | N/A | $248,442 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.7% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 46743 (Harlan, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $284,523 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 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 (2.8%). 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 46743
Population: 2,191
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
Investor Insight: With 1,109 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Harlan, IN?
In Harlan, IN the median home value sits at $285K. Against the broader IN market, that reads as reasonable for most investors.
What type of investing works in Harlan, IN?
A careful cash-flow rentals with hands-on management strategy Harlan, IN best. The market produces consistent results for that approach at the $285K price point.
How much do tenants pay in Harlan, IN?
Expect rents around $1,035/mo per month in Harlan, IN. With home values at $285K, the yield math works out to reasonable levels for rental investors.
Is IN a landlord-friendly state?
The landlord environment in Harlan, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the renter demographic in Harlan, IN?
Tenant quality in Harlan, IN ranks as solid. Landlords generally report stable occupancy at market rents of $1,035/mo.
You know 46743 now. You don’t know where it ranks.
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How 46743 ranks in Fort Wayne, IN
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