Real Estate Investing in Greentown, Indiana (46936)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46936 (Greentown, 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 Greentown, IN (46936)?
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Market Analysis: 46936 Greentown
Meanwhile, ZIP 46936 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $252K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $252K asset, 46936 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 46936 offers a low basis, the region around Greentown has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 46936 includes headwinds that any investor should price in. Income distribution skews lower than Greentown averages, and tenant stability requires active management.
leans 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 Greentown:
Property Strategy for 46936
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,356 | $1,180 | 5.5% | +9.0% | $77,178 |
| 3BR | $237,180 | $1,460 | 4.4% | +8.3% | $79,060 |
| 4BR | $296,912 | $1,650 | 4.0% | +8.0% | $74,228 |
Market Trends
Home Value History (with trend line)
📊 How Does 46936 Compare?
| Metric | 46936 | Greentown | Kokomo, IN | Indiana |
|---|---|---|---|---|
| Home Value | $251,915 | $251,915 | N/A | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.7% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 46936 (Greentown, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $251,915 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 46936
Population: 5,956
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 46936
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
How high is vacancy risk in Greentown, IN?
Greentown, IN carries elevated vacancy risk. Expect consistent absorption at market rents of $1,062/mo.
How much is rent in Greentown, IN?
Greentown, IN rentals go for roughly $1,062/mo a month. That puts gross yield in solid territory relative to $252K acquisition costs.
Is the tenant base reliable in Greentown, IN?
Tenant demand in Greentown, IN is solid. The local workforce $1,062/mo rents across most rental classes.
What strategy should investors use in Greentown, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Greentown, IN. With home values at $252K and rents near $1,062/mo, other strategies can work but produce reliable rather than outsized returns.
What kind of market is Greentown, IN for investors?
Investors tracking Greentown, IN will find a 3.0/5 rating supported by $252K median home values and $1,062/mo rents. That profile suits long-term holders targeting even-keeled returns.
You know 46936 now. You don’t know where it ranks.
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