Real Estate Investing in Matthews, Indiana (46957)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46957 (Matthews, IN)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- Elevated vacancy: 9.9% 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 Matthews, IN (46957)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46957 Matthews
Turning to rents, ZIP 46957 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $126K median. It rewards specialists, not generalists.
Looking more closely, the numbers look inviting — $126K purchase price, 0.0% nominal cap — the work to hit that pro forma in 46957 is substantial and deserves full respect.
Nearby ZIPs in Matthews have seen price recovery that 46957 has not matched. Grant County data supports the view that the spread is structural rather than temporary.
The 46957 ZIP's population of 493 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Experienced landlords with local relationships tend to find 46957 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Matthews:
Market Trends
Home Value History (with trend line)
📊 How Does 46957 Compare?
| Metric | 46957 | Matthews | Marion, IN | Indiana |
|---|---|---|---|---|
| Home Value | $125,716 | $125,716 | N/A | $248,442 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 7.7% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 6.3% | 6.3% | - | - |
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 46957 (Matthews, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46957 (Matthews, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $125,716 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 10.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.7% |
| Cap Rate | 6.3% |
| 5-Year IRR | 14.0% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.3%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46957
Population: 493
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 1,042 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Matthews, IN?
Investors tracking Matthews, IN will find a 4.0/5 rating supported by $126K median home values and $1,017/mo rents. That profile suits long-term holders targeting steady returns.
Does house hacking work in Matthews, IN?
House hacking in Matthews, IN is a challenging. With home values around $126K and rents at $1,017/mo, owner-occupants can offset a meaningful share of PITI.
Are rents high in Matthews, IN?
Investors in Matthews, IN typically see rents near $1,017/mo per month against $126K home values - a solid setup for rental cash flow.
How should investors approach Matthews, IN?
The best-fit strategy in Matthews, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is vacancy a concern in Matthews, IN?
Matthews, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
You know 46957 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46957 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 46957 ranks in Marion, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46957 (Matthews)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46957 (Matthews, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.