Real Estate Investing in Markle, Indiana (46770)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46770 (Markle, 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 26.9 — 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 Markle, IN (46770)?
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Market Analysis: 46770 Markle
This part of Wells County is not an easy win. The 46770 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 46770 is sturdy only for operators who understand what they are buying. A $282K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Put differently, 46770 offers a low basis, the region around Markle has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 46770 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Markle's stable or hybrid ZIPs before stepping into 46770. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Markle:
Property Strategy for 46770
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,923 | $970 | 4.0% | +8.1% | $86,462 |
| 3BR | $257,760 | $1,190 | 3.3% | +8.5% | $85,920 |
| 4BR | $341,319 | $1,400 | 3.0% | +8.3% | $85,330 |
Market Trends
Home Value History (with trend line)
📊 How Does 46770 Compare?
| Metric | 46770 | Markle | Bluffton, IN | Indiana |
|---|---|---|---|---|
| Home Value | $282,230 | $282,230 | N/A | $248,442 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 7.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 46770 (Markle, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $282,230 |
| Monthly Rent | $873 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.4%). 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 46770
Population: 2,604
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
Frequently Asked Questions
Is the tenant base reliable in Markle, IN?
Tenant demand in Markle, IN is solid. The local workforce $873/mo rents across most rental classes.
What is it like being a landlord in Markle, IN?
IN law landlord-friendly for landlords, and Markle inherits those rules. Investors should still review local ordinances for rental licensing.
What is the average home sale price in Markle, IN?
Typical homes in Markle, IN go for around $282K. The 5-year CAGR of 0.0% steady price movement.
How quickly do rentals get leased in Markle, IN?
Vacancy risk in Markle, IN is elevated. That supports even-keeled cash flow for typical rental holds.
Does house hacking make sense in Markle, IN?
House hacking works a challenging in Markle, IN. Rents of $873/mo against $282K acquisition make the strategy solid for owner-occupants.
You know 46770 now. You don’t know where it ranks.
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How 46770 ranks in Bluffton, IN
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