Real Estate Investing in Logansport, Indiana (46947)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46947 (Logansport, 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.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
What’s happening in Logansport, IN (46947)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46947 Logansport
Not every below-median market is a bargain. Logansport's 46947 ZIP records signals that favor experienced operators who can absorb the risk $163K pricing implies.
For an experienced owner, 46947 can be a a credible choice for hunting ground — but the discount at $163K reflects genuine risk that outside investors often underestimate.
The gap between 46947 and stronger Logansport ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 46947 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.
Strategy in 46947 is an operator game, not a passive one. In practical terms, entry prices of $163K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Logansport:
Property Strategy for 46947
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $81,011 | $810 | 7.2% | +8.1% | $81,011 |
| 2BR | $115,097 | $970 | 6.1% | +9.9% | $57,548 |
| 3BR | $171,224 | $1,290 | 5.4% | +8.9% | $57,075 |
| 4BR | $194,086 | $1,300 | 4.8% | +8.1% | $48,521 |
| 5BR | $210,755 | — | — | +8.0% | $42,151 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46947 Compare?
| Metric | 46947 | Logansport | Logansport, IN | Indiana |
|---|---|---|---|---|
| Home Value | $162,535 | $162,535 | N/A | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.7% |
| Avg Rent | $995 | $995 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
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 46947 (Logansport, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $162,535 |
| Monthly Rent | $995 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (4.8%). 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 46947
Population: 28,830
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 46947
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.
Frequently Asked Questions
What is the typical rental rate in Logansport, IN?
Investors in Logansport, IN typically see rents near $995/mo per month against $163K home values - a solid setup for rental cash flow.
Is housing expensive in Logansport, IN?
Logansport, IN median home values land near $163K. That is reasonable territory for investors looking at $995/mo-per-month rentals.
What is the typical vacancy rate in Logansport, IN?
Logansport, IN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does Logansport, IN favor landlords or tenants?
Rental owners in Logansport, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the investability score for Logansport, IN?
Logansport, IN clocks in at an investability rating of 3.0/5, with median home values near $163K and average rents around $995/mo. That combination puts it in the impressive tier for investor interest.
You know 46947 now. You don’t know where it ranks.
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How 46947 ranks in Logansport, IN
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