Real Estate Investing in South Whitley, Indiana (46787)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46787 (South Whitley, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in South Whitley, IN (46787)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46787 South Whitley
This part of Whitley County is not an easy win. The 46787 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 46787 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 46787 and stronger South Whitley ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 46787 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at South Whitley's stable or hybrid ZIPs before stepping into 46787. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in South Whitley:
Property Strategy for 46787
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $178,134 | $980 | 4.0% | +8.7% | $89,067 |
| 3BR | $217,305 | $1,230 | 4.1% | +8.5% | $72,435 |
| 4BR | $290,302 | $1,330 | 3.3% | +8.2% | $72,576 |
Market Trends
Home Value History (with trend line)
📊 How Does 46787 Compare?
| Metric | 46787 | South Whitley | Fort Wayne, IN | Indiana |
|---|---|---|---|---|
| Home Value | $245,888 | $245,888 | N/A | $248,442 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.7% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 46787 (South Whitley, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46787 (South Whitley, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $245,888 |
| Monthly Rent | $882 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 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 (2.8%). 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 46787
Population: 4,144
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 46787
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How quickly do rentals get leased in South Whitley, IN?
South Whitley, IN carries elevated vacancy risk. Expect reliable absorption at market rents of $882/mo.
What approach is best for South Whitley, IN real estate?
The best-fit strategy in South Whitley, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are rents high in South Whitley, IN?
South Whitley, IN rentals go for roughly $882/mo a month. That puts gross yield in solid territory relative to $246K acquisition costs.
What kind of tenants rent in South Whitley, IN?
South Whitley, IN offers a even-keeled renter base at the $882/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is South Whitley in IN worth investing in?
Our data puts South Whitley, IN at 3.0/5 for investability. Home prices of $246K and rents around $882/mo create a solid backdrop for investor activity.
You know 46787 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46787 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.
How 46787 ranks in Fort Wayne, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46787 (South Whitley)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46787 (South Whitley, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.