Real Estate Investing in Galveston, Indiana (46932)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46932 (Galveston, 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 Galveston, IN (46932)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46932 Galveston
The 46932 ZIP in Galveston, IN is a local-operator market. Outside capital chasing a $213K entry has to pair deep knowledge with the discount.
The 46932 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 46932 sits on the difficult end of the IN spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 46932 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 46932 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 Galveston:
Property Strategy for 46932
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $155,578 | $960 | 4.4% | +7.4% | $77,789 |
| 3BR | $203,498 | $1,270 | 4.5% | +8.0% | $67,833 |
| 4BR | $236,953 | $1,290 | 3.9% | +7.6% | $59,238 |
Market Trends
Home Value History (with trend line)
📊 How Does 46932 Compare?
| Metric | 46932 | Galveston | Logansport, IN | Indiana |
|---|---|---|---|---|
| Home Value | $212,714 | $212,714 | N/A | $248,442 |
| 5-Year CAGR | 6.1% | 6.1% | 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 46932 (Galveston, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46932 (Galveston, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $212,714 |
| Monthly Rent | $864 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 46932
Population: 2,996
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 46932
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 is the investability score for Galveston, IN?
Yes - Galveston, IN a 3.0/5 investability score. With $213K home prices against $864/mo monthly rent, the market delivers a reasonable entry point for new investors.
What do rentals go for in Galveston, IN?
Rental rates in Galveston, IN average $864/mo. Tenant demand and $213K home values make the yield look reasonable by investor standards.
Do landlords face vacancy issues in Galveston, IN?
Rental vacancy in Galveston, IN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the renter demographic in Galveston, IN?
Tenant quality in Galveston, IN ranks as solid. Landlords generally report predictable occupancy at market rents of $864/mo.
Are homes affordable in Galveston, IN?
Galveston, IN median home values land near $213K. That is reasonable territory for investors looking at $864/mo-per-month rentals.
You know 46932 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46932 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 46932 ranks in Logansport, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46932 (Galveston)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46932 (Galveston, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.