Real Estate Investing in Flora, Indiana (46929)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46929 (Flora, 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 Flora, IN (46929)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46929 Flora
Turning to rents, ZIP 46929 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $211K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 46929 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Stepping back, 46929 offers a low basis, the region around Flora has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
From a cash-flow lens, 3,029 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.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Flora:
Property Strategy for 46929
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $143,905 | $960 | 4.8% | +8.6% | $71,952 |
| 3BR | $200,831 | $1,200 | 4.3% | +7.6% | $66,944 |
| 4BR | $246,505 | $1,310 | 3.8% | +6.8% | $61,626 |
Market Trends
Home Value History (with trend line)
📊 How Does 46929 Compare?
| Metric | 46929 | Flora | Lafayette-West Lafayette, IN | Indiana |
|---|---|---|---|---|
| Home Value | $211,405 | $211,405 | N/A | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 46929 (Flora, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46929 (Flora, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $211,405 |
| Monthly Rent | $864 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 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 (3.2%). 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 46929
Population: 3,029
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 46929
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.
Frequently Asked Questions
How do landlord-tenant laws work in Flora, IN?
IN law landlord-friendly for landlords, and Flora inherits those rules. Investors should still review local ordinances for rental licensing.
What strategy should investors use in Flora, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Flora, IN. With home values at $211K and rents near $864/mo, other strategies can work but produce measured rather than outsized returns.
Where do home prices stand in Flora, IN?
Flora, IN home values average about $211K. That price point suits investors targeting rentals with $864/mo in monthly income.
How strong is Flora, IN for real estate investors?
Flora, IN scores 3.0/5 for investability. Home values sit at $211K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Flora, IN suited for a house hack?
The a challenging house-hack environment in Flora, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 46929 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46929 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 46929 ranks in Lafayette-West Lafayette, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46929 (Flora)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46929 (Flora, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.