Real Estate Investing in Kendallville, Indiana (46755)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46755 (Kendallville, 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.
- Elevated vacancy: 10.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Kendallville, IN (46755)?
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Market Analysis: 46755 Kendallville
Put differently, ZIP 46755 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $228K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 46755 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 46755 and stronger Kendallville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
On balance, 15,528 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.
Experienced landlords with local relationships tend to find 46755 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 Kendallville:
Property Strategy for 46755
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $162,637 | $960 | 4.2% | +8.9% | $81,319 |
| 3BR | $218,717 | $1,150 | 3.8% | +8.5% | $72,906 |
| 4BR | $268,373 | $1,600 | 4.3% | +7.7% | $67,093 |
| 5BR | $351,908 | — | — | +8.0% | $70,382 |
Market Trends
Home Value History (with trend line)
📊 How Does 46755 Compare?
| Metric | 46755 | Kendallville | Kendallville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $228,440 | $228,440 | N/A | $248,442 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 46755 (Kendallville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $228,440 |
| Monthly Rent | $864 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.0%). 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 46755
Population: 15,528
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 46755
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
Is Kendallville, IN a smart market for rental property?
Our data puts Kendallville, IN at 3.0/5 for investability. Home prices of $228K and rents around $864/mo create a solid backdrop for investor activity.
Is vacancy a concern in Kendallville, IN?
Vacancy in Kendallville, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
What monthly rent should investors expect in Kendallville, IN?
Rent in Kendallville, IN is around $864/mo. The resulting rent-to-value relationship with $228K pricing is reasonable for most investor models.
What type of investing works in Kendallville, IN?
For Kendallville, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How viable is house hacking in Kendallville, IN?
House hacking in Kendallville, IN is reasonable to execute. Prices around $228K and rents of $864/mo solid owner-occupant economics.
You know 46755 now. You don’t know where it ranks.
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How 46755 ranks in Kendallville, IN
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