Real Estate Investing in Twelve Mile, Indiana (46988)
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Should you buy in 46988 (Twelve Mile, 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.
• 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 Twelve Mile, IN (46988)?
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Market Analysis: 46988 Twelve Mile
Investors eyeing 46988 need to respect the fundamentals at play. Home values of $217K come alongside slower price movement and elevated management overhead.
For an experienced owner, 46988 can be a a strong candidate for hunting ground — but the discount at $217K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 46988 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 46988 includes headwinds that any investor should price in. Income distribution skews lower than Twelve Mile averages, and tenant stability requires active management.
Distressed ZIPs reward experience. notable returns are possible in 46988, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Twelve Mile:
Market Trends
Home Value History (with trend line)
📊 How Does 46988 Compare?
| Metric | 46988 | Twelve Mile | Logansport, IN | Indiana |
|---|---|---|---|---|
| Home Value | $216,949 | $216,949 | N/A | $248,442 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.7% |
| Avg Rent | $927 | $927 | 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 46988 (Twelve Mile, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $216,949 |
| Monthly Rent | $927 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 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 46988
Population: 909
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
Frequently Asked Questions
Does Twelve Mile, IN make sense for an investment property?
Yes - Twelve Mile, IN a 3.0/5 investability score. With $217K home prices against $927/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical rental rate in Twelve Mile, IN?
Rent in Twelve Mile, IN is around $927/mo. The resulting rent-to-value relationship with $217K pricing is reasonable for most investor models.
What kind of vacancy should I budget for in Twelve Mile, IN?
Rental vacancy in Twelve Mile, IN is elevated. Investors should budget normal turnover but not chronic empty units.
What does house hacking look like in Twelve Mile, IN?
House hacking in Twelve Mile, IN is reasonable to execute. Prices around $217K and rents of $927/mo solid owner-occupant economics.
Which investment style suits Twelve Mile, IN?
Most investors in Twelve Mile, IN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 46988 now. You don’t know where it ranks.
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How 46988 ranks in Logansport, IN
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