Real Estate Investing in Lagro, Indiana (46941)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46941 (Lagro, 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.
- High vacancy: 13.5% of homes vacant — above national norms.
• 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 Lagro, IN (46941)?
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Market Analysis: 46941 Lagro
The 46941 ZIP covers a section of Lagro that demands careful diligence. Prices near $216K look accessible, but the work to make a deal cash flow is real.
Rent of $945/mo on a $216K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 46941 sits below the stated 0.0% once reality is priced in.
In the broader IN picture, 46941 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Turning to rents, 878 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. substantial returns are possible in 46941, 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 Lagro:
Property Strategy for 46941
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $132,406 | $1,050 | 5.7% | +9.9% | $66,203 |
| 3BR | $224,978 | $1,260 | 4.0% | +7.8% | $74,993 |
| 4BR | $233,466 | $1,390 | 4.3% | +7.8% | $58,366 |
Market Trends
Home Value History (with trend line)
📊 How Does 46941 Compare?
| Metric | 46941 | Lagro | Wabash, IN | Indiana |
|---|---|---|---|---|
| Home Value | $215,707 | $215,707 | N/A | $248,442 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 7.7% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46941 (Lagro, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,707 |
| Monthly Rent | $945 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.4%). 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 46941
Population: 878
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the tenant pool like in Lagro, IN?
The tenant pool in Lagro, IN is solid, supported by local employment and population fundamentals. Rents of $945/mo are well-absorbed by the market.
How strong is Lagro, IN for real estate investors?
Lagro, IN scores 3.0/5 for investability. Home values sit at $216K and rents near $945/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the average home sale price in Lagro, IN?
Typical homes in Lagro, IN go for around $216K. The 5-year CAGR of 0.0% steady price movement.
Is Lagro, IN good for landlords?
Lagro, IN falls under IN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does house hacking make sense in Lagro, IN?
House hacking works a challenging in Lagro, IN. Rents of $945/mo against $216K acquisition make the strategy solid for owner-occupants.
You know 46941 now. You don’t know where it ranks.
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How 46941 ranks in Wabash, IN
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