Real Estate Investing in Orland, Indiana (46776)
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Should you buy in 46776 (Orland, 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.
- High vacancy: 23.5% 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 Orland, IN (46776)?
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Market Analysis: 46776 Orland
Investors eyeing 46776 need to respect the fundamentals at play. Home values of $228K come alongside slower price movement and elevated management overhead.
The 46776 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within IN, ZIP 46776 trails on several market indicators that neighboring Steuben County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The 46776 ZIP's population of 1,607 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
New investors are better served looking at Orland's stable or hybrid ZIPs before stepping into 46776. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Orland:
Property Strategy for 46776
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $195,686 | $1,140 | 4.2% | +8.6% | $97,843 |
| 3BR | $229,507 | $1,450 | 4.5% | +8.1% | $76,502 |
Market Trends
Home Value History (with trend line)
📊 How Does 46776 Compare?
| Metric | 46776 | Orland | Angola, IN | Indiana |
|---|---|---|---|---|
| Home Value | $227,586 | $227,586 | N/A | $248,442 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.7% |
| Avg Rent | $1,026 | $1,026 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 46776 (Orland, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,586 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +12.6% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (3.5%). 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 46776
Population: 1,607
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
Should investors consider Orland, IN?
With a 3.0/5 investability score, Orland, IN ranks as a solid market for rental property investors. Median prices of $228K and rents of $1,026/mo drive the underlying numbers.
Is Orland, IN better for rentals, flips, or BRRRR?
Orland, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($228K prices, $1,026/mo rents) make it a reasonable choice.
What is the average home sale price in Orland, IN?
Expect median prices around $228K in Orland, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Does a duplex house hack pencil in Orland, IN?
The a challenging house-hack environment in Orland, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What are rental rates like in Orland, IN?
Average rent in Orland, IN is approximately $1,026/mo per month. Against $228K home values that yields a reasonable rent-to-price ratio.
You know 46776 now. You don’t know where it ranks.
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How 46776 ranks in Angola, IN
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