Real Estate Investing in Burlington, Indiana (46915)
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Should you buy in 46915 (Burlington, 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: 9.4% vacancy may signal weakening demand.
• 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 Burlington, IN (46915)?
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Market Analysis: 46915 Burlington
The 46915 ZIP in Burlington, IN is a local-operator market. Outside capital chasing a $204K entry has to pair deep knowledge with the discount.
For an experienced owner, 46915 can be a an appealing option for hunting ground — but the discount at $204K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Burlington have seen price recovery that 46915 has not matched. Carroll County data supports the view that the spread is structural rather than temporary.
Employment concentration in 46915 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 46915 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Burlington:
Market Trends
Home Value History (with trend line)
📊 How Does 46915 Compare?
| Metric | 46915 | Burlington | Lafayette-West Lafayette, IN | Indiana |
|---|---|---|---|---|
| Home Value | $203,537 | $203,537 | N/A | $248,442 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46915 (Burlington, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,537 |
| Monthly Rent | $864 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 46915
Population: 639
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
Investor Insight: With 809 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Burlington, IN real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Burlington, IN. The numbers - $204K homes against $864/mo rents - support that play.
What is the typical rental rate in Burlington, IN?
Investors in Burlington, IN typically see rents near $864/mo per month against $204K home values - a solid setup for rental cash flow.
Is Burlington, IN good for landlords?
For rental operators, Burlington, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Burlington, IN suited for a house hack?
The a challenging house-hack environment in Burlington, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How quickly do rentals get leased in Burlington, IN?
Vacancy risk in Burlington, IN is elevated. That supports consistent cash flow for typical rental holds.
You know 46915 now. You don’t know where it ranks.
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How 46915 ranks in Lafayette-West Lafayette, IN
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