Real Estate Investing in Keystone, Indiana (46759)
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Should you buy in 46759 (Keystone, 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 25.6 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Keystone, IN (46759)?
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Market Analysis: 46759 Keystone
ZIP 46759 inside Wells County looks affordable on the surface — median value of $268K — but the discount exists for reasons that a careful buyer should understand before committing.
Put differently, the numbers look inviting — $268K purchase price, 0.0% nominal cap — the work to hit that pro forma in 46759 is substantial and deserves full respect.
Within IN, ZIP 46759 trails on several market indicators that neighboring Wells County submarkets outperform. The gap is real and healthy enough to shape underwriting.
On balance, 381 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 46759 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 Keystone:
Market Trends
Home Value History (with trend line)
📊 How Does 46759 Compare?
| Metric | 46759 | Keystone | Bluffton, IN | Indiana |
|---|---|---|---|---|
| Home Value | $268,012 | $268,012 | N/A | $248,442 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 7.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46759 (Keystone, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,012 |
| Monthly Rent | $873 |
| Price-to-Rent | 25.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.5%). 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 46759
Population: 381
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
Frequently Asked Questions
Is vacancy a concern in Keystone, IN?
Rental vacancy in Keystone, IN is elevated. Investors should budget normal turnover but not chronic empty units.
What investment strategy works best in Keystone, IN?
In Keystone, IN the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $268K prices and $873/mo rents suits that approach.
How much is rent in Keystone, IN?
Rents in Keystone, IN run near $873/mo. Compared with median home prices of $268K that produces solid gross yields for typical rentals.
How landlord-friendly is Keystone, IN?
Landlord-friendliness in Keystone, IN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is real estate in Keystone, IN a good investment right now?
Keystone, IN scores 3.0/5 for investability. Home values sit at $268K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 46759 now. You don’t know where it ranks.
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How 46759 ranks in Bluffton, IN
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