Real Estate Investing in Laketon, Indiana (46943)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46943 (Laketon, 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: 28.4% 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 Laketon, IN (46943)?
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Market Analysis: 46943 Laketon
The 46943 ZIP covers a section of Laketon that demands careful diligence. Prices near $118K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $118K asset, 46943 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Laketon have seen price recovery that 46943 has not matched. Wabash County data supports the view that the spread is structural rather than temporary.
Stepping back, 113 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.
Strategically, 46943 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Laketon:
Market Trends
Home Value History (with trend line)
📊 How Does 46943 Compare?
| Metric | 46943 | Laketon | Wabash, IN | Indiana |
|---|---|---|---|---|
| Home Value | $118,486 | $118,486 | N/A | $248,442 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.7% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 6.0% | 6.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46943 (Laketon, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $118,486 |
| Monthly Rent | $918 |
| Price-to-Rent | 10.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.0% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 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 (6.0%). 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 46943
Population: 113
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 46943
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 IN a landlord-friendly state?
The landlord environment in Laketon, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are renters plentiful in Laketon, IN?
Working renters make up the core of the Laketon, IN tenant base. The pool is reasonable for investors targeting long-term holds.
Is Laketon, IN better for rentals, flips, or BRRRR?
For Laketon, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Laketon, IN suited for a house hack?
The a challenging house-hack environment in Laketon, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are there empty rentals in Laketon, IN?
Vacancy in Laketon, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $918/mo.
You know 46943 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46943 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 46943 ranks in Wabash, IN
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