Real Estate Investing in Lagrange, Indiana (46761)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46761 (Lagrange, IN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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 Lagrange, IN (46761)?
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Market Analysis: 46761 Lagrange
Not every below-median market is a bargain. Lagrange's 46761 ZIP clocks in at signals that favor experienced operators who can absorb the risk $307K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $307K asset, 46761 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 46761 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 46761 includes headwinds that any investor should price in. Income distribution skews lower than Lagrange averages, and tenant stability requires active management.
Strategy in 46761 is an operator game, not a passive one. Looking more closely, entry prices of $307K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lagrange:
Property Strategy for 46761
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $257,653 | $730 | 2.0% | +8.0% | $257,653 |
| 2BR | $225,043 | $960 | 3.1% | +8.0% | $112,522 |
| 3BR | $264,974 | $1,150 | 3.1% | +8.2% | $88,325 |
| 4BR | $337,491 | $1,270 | 2.7% | +7.7% | $84,373 |
| 5BR | $520,497 | — | — | +8.0% | $104,099 |
Market Trends
Home Value History (with trend line)
📊 How Does 46761 Compare?
| Metric | 46761 | Lagrange | Indiana |
|---|---|---|---|
| Home Value | $306,678 | $306,678 | $248,442 |
| 5-Year CAGR | 6.4% | 6.4% | 7.7% |
| Avg Rent | $864 | $864 | - |
| 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 46761 (Lagrange, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $306,678 |
| Monthly Rent | $864 |
| Price-to-Rent | 29.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 46761
Population: 11,985
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 46761
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
How much should I expect to pay for a home in Lagrange, IN?
Typical homes in Lagrange, IN go for around $307K. The 5-year CAGR of 0.0% stable price movement.
How much is rent in Lagrange, IN?
Rents in Lagrange, IN run near $864/mo. Compared with median home prices of $307K that produces solid gross yields for typical rentals.
How strict are landlord regulations in Lagrange, IN?
Lagrange, IN operates under IN law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Does house hacking work in Lagrange, IN?
House hacking works a challenging in Lagrange, IN. Rents of $864/mo against $307K acquisition make the strategy solid for owner-occupants.
What kind of tenants rent in Lagrange, IN?
Tenant quality in Lagrange, IN ranks as solid. Landlords generally report consistent occupancy at market rents of $864/mo.
You know 46761 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46761 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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