Real Estate Investing in Hudson, Indiana (46747)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Steuben County • Population: 2,566 • Data updated: September 2026

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Should you buy in 46747 (Hudson, IN)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 28.3% of homes vacant — above national norms.

• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Hudson, IN (46747)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $271,715
Avg Monthly Rent $954
1% Rule ✗ Does Not Meet
Median Income $67,083
% Renters 7.7%

Market Analysis: 46747 Hudson

ZIP 46747 in Hudson, IN carries a impressive set of headwinds. Home values near $272K and rents of $954/mo sit inside a market where underwriting has to be tight.

The investment case in 46747 is healthy only for operators who understand what they are buying. A $272K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.

From a cash-flow lens, 46747 offers a low basis, the region around Hudson has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.

Resident income in 46747 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

Strategically, 46747 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Hudson:

C+ Average
Buy Confidence Score: 65/100
Affordability
15/25
Appreciation
22/25
Stability
7/20
Timing
6/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.1× the median income
Value Trend
Rising (+10.3%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $954/mo if you need to move
Market Conditions
WARM
Seller-favorable conditions, steady activity
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
☀️
WARM MARKET
Angola, IN Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
8.9%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Angola, IN metro data
🏠

Property Strategy for 46747

Which property type performs best in this market?

Best for Cash Flow
3BR
3.6% cap rate
Best for Appreciation
2BR
+8.4% 5yr CAGR
Best Overall Value
4BR
$84,124/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $228,385 $1,060 3.3% +8.4% $114,192
3BR $270,432 $1,350 3.6% +7.8% $90,144
4BR $336,497 $1,410 3.0% +6.9% $84,124

Market Trends

Home Value History (with trend line)

$286K$246K$207K$167K$127K$87KAug 2008Aug 2017Jul 2026

📊 How Does 46747 Compare?

Metric 46747 Hudson Angola, IN Indiana
Home Value $271,715 $271,715 N/A $248,442
5-Year CAGR 6.7% 6.7% N/A 7.7%
Avg Rent $954 $954 N/A -
Cap Rate 2.7% 2.7% - -
💡 Why Invest in 46747? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 46747 (Hudson, IN). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.7%
Low
5yr Growth
+6.7%
Strong

📉 Market Crash Risk Index

Based on Angola, IN metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
61%
Days Pending
0/2
0 days

View all metro crash risk rankings →

📊 Market Snapshot

Home Value $271,715
Monthly Rent $954
Price-to-Rent 23.7:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.2%
Cap Rate 2.7%
5-Year IRR 9.5%

📈 Home Appreciation

1-Year +10.3% ▲
3-Year CAGR +6.1% ▲
5-Year CAGR +6.7% ▲
10-Year CAGR +8.1% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.7%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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.

Vacancy
28.3%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+6.7%
Growing
Eviction process: Moderate Rent control: Favorable

Demographics in 46747

Population: 2,566

💰 Median Household Income
$67,083
This area
$67,083
State
$69,164
USA
$74,580
🏠 Renter Occupied
7.7%
This area
7.7%
State
22.2%
USA
34.0%
💼 Unemployment Rate
4.6%
This area
4.6%
State
-23.5%
USA
3.7%
🎓 College Educated
18.0%
This area
18.0%
State
-6.4%
USA
33.7%
👤 Median Age
46.4 years
This area
46.4 years
State
-0.2 years
USA
38.9 years
🏚️ Vacancy Rate
28.3%
This area
28.3%
State
10.7%
USA
10.5%
👥 Population by Ethnicity
White 97.8%
Black/African American 1.1%
Other/Mixed 1.1%
Hispanic/Latino 0.1%
👶 Under 18
17.4%
This area
17.4%
USA
22.0%
👴 65 and Over
18.0%
This area
18.0%
USA
17.3%
📊 Poverty Rate
19.1%
This area
19.1%
USA
11.5%

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

2 Nearby
B+
Trine University-Regional/Non-Traditional Campuses
8,230 students · 9.0 mi
C
Trine University
4,471 students · 9.0 mi

Frequently Asked Questions

What is the median home value in Hudson, IN?

Expect median prices around $272K in Hudson, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.

Is Hudson, IN a good place for real estate investing?

Hudson, IN reports an investability rating of 3.0/5, with median home values near $272K and average rents around $954/mo. That combination puts it in the resilient tier for investor interest.

How tight is the rental market in Hudson, IN?

Hudson, IN carries elevated vacancy risk. Expect even-keeled absorption at market rents of $954/mo.

How do landlord-tenant laws work in Hudson, IN?

IN ranks as a landlord-friendly state for landlord-tenant law. Hudson generally follows the statewide framework, so landlords face reasonable operating rules.

Is it easy to find good tenants in Hudson, IN?

Tenant demand in Hudson, IN is solid. The local workforce $954/mo rents across most rental classes.

You know 46747 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 46747 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.

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How 46747 ranks in Angola, IN

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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