Real Estate Investing in Gas City, Indiana (46933)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46933 (Gas City, IN)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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.
What’s happening in Gas City, IN (46933)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46933 Gas City
Investors eyeing 46933 need to respect the fundamentals at play. Home values of $161K come alongside slower price movement and elevated management overhead.
The 46933 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 46933 and stronger Gas City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 46933 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 46933 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Gas City:
Property Strategy for 46933
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $110,222 | $990 | 6.5% | +9.2% | $55,111 |
| 3BR | $159,164 | $1,300 | 5.9% | +8.9% | $53,055 |
| 4BR | $221,269 | $1,460 | 4.8% | +8.1% | $55,317 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46933 Compare?
| Metric | 46933 | Gas City | Marion, IN | Indiana |
|---|---|---|---|---|
| Home Value | $160,879 | $160,879 | N/A | $248,442 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.7% |
| Avg Rent | $1,088 | $1,088 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
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 46933 (Gas City, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $160,879 |
| Monthly Rent | $1,088 |
| Price-to-Rent | 12.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (5.3%). 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 46933
Population: 6,469
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 46933
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
Frequently Asked Questions
Is Gas City, IN a good market for buy-and-hold investors?
Our data puts Gas City, IN at 3.0/5 for investability. Home prices of $161K and rents around $1,088/mo create a solid backdrop for investor activity.
What is it like being a landlord in Gas City, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Gas City generally follows the statewide framework, so landlords face reasonable operating rules.
What are rental rates like in Gas City, IN?
Rental rates in Gas City, IN average $1,088/mo. Tenant demand and $161K home values make the yield look reasonable by investor standards.
Is the tenant base reliable in Gas City, IN?
Tenant demand in Gas City, IN is solid. The local workforce $1,088/mo rents across most rental classes.
Are there empty rentals in Gas City, IN?
Gas City, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
You know 46933 now. You don’t know where it ranks.
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How 46933 ranks in Marion, IN
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Community Ratings
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