Real Estate Investing in Walton, Indiana (46994)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46994 (Walton, 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 Walton, IN (46994)?
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Market Analysis: 46994 Walton
The 46994 ZIP in Walton, IN is a local-operator market. Outside capital chasing a $208K entry has to pair deep knowledge with the discount.
The 46994 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 46994 and stronger Walton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 46994 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.
The 46994 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Walton:
Property Strategy for 46994
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $145,914 | $960 | 4.7% | +9.4% | $72,957 |
| 3BR | $191,956 | $1,280 | 4.8% | +8.9% | $63,985 |
| 4BR | $251,502 | $1,280 | 3.7% | +8.6% | $62,875 |
Market Trends
Home Value History (with trend line)
📊 How Does 46994 Compare?
| Metric | 46994 | Walton | Logansport, IN | Indiana |
|---|---|---|---|---|
| Home Value | $207,907 | $207,907 | N/A | $248,442 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46994 (Walton, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,907 |
| Monthly Rent | $864 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (3.2%). 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 46994
Population: 2,180
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 46994
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
How does Walton, IN stack up for property investment?
Yes - Walton, IN a 3.0/5 investability score. With $208K home prices against $864/mo monthly rent, the market delivers a reasonable entry point for new investors.
What do rentals go for in Walton, IN?
Rental rates in Walton, IN average $864/mo. Tenant demand and $208K home values make the yield look reasonable by investor standards.
What strategy should investors use in Walton, IN?
A careful cash-flow rentals with hands-on management strategy Walton, IN best. The market produces steady results for that approach at the $208K price point.
Should investors worry about vacancy in Walton, IN?
Walton, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
How deep is the rental pool in Walton, IN?
The tenant pool in Walton, IN is solid, supported by local employment and population fundamentals. Rents of $864/mo are well-absorbed by the market.
You know 46994 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46994 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 46994 ranks in Logansport, IN
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