Real Estate Investing in Jonesboro, Indiana (46938)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46938 (Jonesboro, 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 Jonesboro, IN (46938)?
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Market Analysis: 46938 Jonesboro
Investors eyeing 46938 need to respect the fundamentals at play. Home values of $162K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $162K asset, 46938 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Jonesboro have seen price recovery that 46938 has not matched. Grant County data supports the view that the spread is structural rather than temporary.
Demographically, 46938 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.
New investors are better served looking at Jonesboro's stable or hybrid ZIPs before stepping into 46938. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Jonesboro:
Property Strategy for 46938
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $101,843 | $1,090 | 7.7% | +8.7% | $50,922 |
| 3BR | $156,049 | $1,430 | 6.6% | +8.0% | $52,016 |
| 4BR | $216,518 | $1,610 | 5.4% | +7.7% | $54,129 |
Market Trends
Home Value History (with trend line)
📊 How Does 46938 Compare?
| Metric | 46938 | Jonesboro | Marion, IN | Indiana |
|---|---|---|---|---|
| Home Value | $162,209 | $162,209 | N/A | $248,442 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.7% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
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 46938 (Jonesboro, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $162,209 |
| Monthly Rent | $981 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (4.7%). 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 46938
Population: 2,576
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 46938
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
What kind of market is Jonesboro, IN for investors?
Investors tracking Jonesboro, IN will find a 3.0/5 rating supported by $162K median home values and $981/mo rents. That profile suits long-term holders targeting even-keeled returns.
How much is rent in Jonesboro, IN?
Rents in Jonesboro, IN run near $981/mo. Compared with median home prices of $162K that produces solid gross yields for typical rentals.
What is the smart move for investors in Jonesboro, IN?
Most investors in Jonesboro, 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.
What kind of vacancy should I budget for in Jonesboro, IN?
Jonesboro, IN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Jonesboro, IN good for landlords?
For rental operators, Jonesboro, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 46938 now. You don’t know where it ranks.
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How 46938 ranks in Marion, IN
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