Real Estate Investing in Uniondale, Indiana (46791)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46791 (Uniondale, 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.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Uniondale, IN (46791)?
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Market Analysis: 46791 Uniondale
The 46791 ZIP covers a section of Uniondale that demands careful diligence. Prices near $290K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 46791 can be a a credible choice for hunting ground — but the discount at $290K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Uniondale have seen price recovery that 46791 has not matched. Wells County data supports the view that the spread is structural rather than temporary.
Stepping back, 1,025 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.
Strategically, 46791 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Uniondale:
Property Strategy for 46791
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $272,875 | $1,380 | 3.6% | +8.4% | $90,958 |
| 4BR | $335,434 | $1,600 | 3.4% | +8.4% | $83,858 |
Market Trends
Home Value History (with trend line)
📊 How Does 46791 Compare?
| Metric | 46791 | Uniondale | Bluffton, IN | Indiana |
|---|---|---|---|---|
| Home Value | $290,031 | $290,031 | N/A | $248,442 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.7% |
| Avg Rent | $1,026 | $1,026 | 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 46791 (Uniondale, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $290,031 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 46791
Population: 1,025
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 Uniondale, IN?
Our data puts Uniondale, IN at 3.0/5 for investability. Home prices of $290K and rents around $1,026/mo create a solid backdrop for investor activity.
Are rents high in Uniondale, IN?
The typical rental in Uniondale, IN commands about $1,026/mo monthly. That rent profile measured cash flow against the $290K purchase basis.
Is house hacking profitable in Uniondale, IN?
The house hack math a challenging in Uniondale, IN. Owner-occupant buyers benefit from the $1,026/mo rents and $290K home values.
What is the median home value in Uniondale, IN?
The median home value in Uniondale, IN is roughly $290K. That puts it reasonable relative to the IN statewide average.
What is the rental occupancy rate in Uniondale, IN?
Vacancy risk in Uniondale, IN is elevated. That supports stable cash flow for typical rental holds.
You know 46791 now. You don’t know where it ranks.
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How 46791 ranks in Bluffton, IN
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