Real Estate Investing in Monroe, Indiana (46772)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46772 (Monroe, IN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 34.2 — 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 Monroe, IN (46772)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46772 Monroe
On the rental side, ZIP 46772 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $355K median. It rewards specialists, not generalists.
Rent of $864/mo on a $355K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 46772 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Monroe have seen price recovery that 46772 has not matched. Adams County data supports the view that the spread is structural rather than temporary.
A impressive renter share of 8% in 46772 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 46772 is an operator game, not a passive one. On the rental side, entry prices of $355K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Monroe:
Property Strategy for 46772
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $361,456 | $960 | 1.9% | — | $180,728 |
| 3BR | $252,476 | $1,230 | 3.5% | +8.4% | $84,159 |
| 4BR | $364,839 | $1,270 | 2.5% | +8.0% | $91,210 |
Market Trends
Home Value History (with trend line)
📊 How Does 46772 Compare?
| Metric | 46772 | Monroe | Decatur, IN | Indiana |
|---|---|---|---|---|
| Home Value | $354,572 | $354,572 | N/A | $248,442 |
| 5-Year CAGR | 8.3% | 8.3% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
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 46772 (Monroe, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $354,572 |
| Monthly Rent | $864 |
| Price-to-Rent | 34.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (1.9%). 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 46772
Population: 3,164
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 46772
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
Should investors worry about vacancy in Monroe, IN?
Vacancy risk in Monroe, IN is elevated. That supports measured cash flow for typical rental holds.
How do experienced investors play Monroe, IN?
Monroe, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($355K prices, $864/mo rents) make it a reasonable choice.
Is Monroe, IN good for landlords?
Monroe, IN operates under IN law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Can I live-in-and-rent in Monroe, IN?
Monroe, IN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $864/mo rent level.
How strong is Monroe, IN for real estate investors?
Our data puts Monroe, IN at 3.0/5 for investability. Home prices of $355K and rents around $864/mo create a solid backdrop for investor activity.
You know 46772 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46772 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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