Real Estate Investing in Bunker Hill, Indiana (46914)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46914 (Bunker Hill, 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.
- Elevated vacancy: 11.8% 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 Bunker Hill, IN (46914)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46914 Bunker Hill
Investors eyeing 46914 need to respect the fundamentals at play. Home values of $202K come alongside slower price movement and elevated management overhead.
For an experienced owner, 46914 can be a a credible choice for hunting ground — but the discount at $202K reflects genuine risk that outside investors often underestimate.
In the broader IN picture, 46914 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 46914 ZIP's population of 3,997 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The right play in 46914 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Bunker Hill:
Property Strategy for 46914
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $136,010 | $960 | 5.1% | +7.5% | $68,005 |
| 3BR | $190,029 | $1,150 | 4.4% | +7.3% | $63,343 |
| 4BR | $224,408 | $1,360 | 4.4% | +6.8% | $56,102 |
Market Trends
Home Value History (with trend line)
📊 How Does 46914 Compare?
| Metric | 46914 | Bunker Hill | Peru, IN | Indiana |
|---|---|---|---|---|
| Home Value | $201,548 | $201,548 | N/A | $248,442 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 46914 (Bunker Hill, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46914 (Bunker Hill, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $201,548 |
| Monthly Rent | $864 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.3%). 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 46914
Population: 3,997
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 46914
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 809 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Bunker Hill, IN?
Occupancy in Bunker Hill, IN runs stable with elevated vacancy. Well-priced units at $864/mo lease on reasonable timelines.
Is Bunker Hill, IN landlord-friendly?
IN law landlord-friendly for landlords, and Bunker Hill inherits those rules. Investors should still review local ordinances for rental licensing.
How strong is Bunker Hill, IN for real estate investors?
Bunker Hill, IN rates 3.0/5 for investability. With median values at $202K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
What real estate strategy is ideal for Bunker Hill, IN?
For Bunker Hill, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong are rents in Bunker Hill, IN?
Investors in Bunker Hill, IN typically see rents near $864/mo per month against $202K home values - a solid setup for rental cash flow.
You know 46914 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46914 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 46914 ranks in Peru, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46914 (Bunker Hill)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46914 (Bunker Hill, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.