Real Estate Investing in Woodburn, Indiana (46797)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46797 (Woodburn, 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 Woodburn, IN (46797)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46797 Woodburn
This part of Allen County is not an easy win. The 46797 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 46797 can be a a viable market for hunting ground — but the discount at $289K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Woodburn have seen price recovery that 46797 has not matched. Allen County data supports the view that the spread is structural rather than temporary.
Resident income in 46797 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Woodburn's stable or hybrid ZIPs before stepping into 46797. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Woodburn:
Property Strategy for 46797
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $188,459 | $1,130 | 4.3% | +8.4% | $94,230 |
| 3BR | $249,991 | $1,400 | 4.0% | +8.0% | $83,330 |
| 4BR | $306,658 | $1,540 | 3.6% | +7.0% | $76,665 |
Market Trends
Home Value History (with trend line)
📊 How Does 46797 Compare?
| Metric | 46797 | Woodburn | Fort Wayne, IN | Indiana |
|---|---|---|---|---|
| Home Value | $288,945 | $288,945 | N/A | $248,442 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.7% |
| Avg Rent | $1,017 | $1,017 | 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 46797 (Woodburn, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $288,945 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 46797
Population: 4,438
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 46797
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
Investor Insight: With 1,109 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Woodburn, IN?
Rental rates in Woodburn, IN average $1,017/mo. Tenant demand and $289K home values make the yield look reasonable by investor standards.
What is the tenant pool like in Woodburn, IN?
The tenant pool in Woodburn, IN is solid, supported by local employment and population fundamentals. Rents of $1,017/mo are well-absorbed by the market.
How does Woodburn, IN stack up for property investment?
Yes - Woodburn, IN a 3.0/5 investability score. With $289K home prices against $1,017/mo monthly rent, the market delivers a reasonable entry point for new investors.
What kind of vacancy should I budget for in Woodburn, IN?
Occupancy in Woodburn, IN runs reliable with elevated vacancy. Well-priced units at $1,017/mo lease on reasonable timelines.
Are homes affordable in Woodburn, IN?
Woodburn, IN median home values land near $289K. That is reasonable territory for investors looking at $1,017/mo-per-month rentals.
You know 46797 now. You don’t know where it ranks.
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How 46797 ranks in Fort Wayne, IN
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