Real Estate Investing in Silver Lake, Indiana (46982)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46982 (Silver Lake, 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: 18.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Silver Lake, IN (46982)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46982 Silver Lake
This part of Kosciusko County is not an easy win. The 46982 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 46982 is solid only for operators who understand what they are buying. A $200K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IN, ZIP 46982 trails on several market indicators that neighboring Kosciusko County submarkets outperform. The gap is real and durable enough to shape underwriting.
A solid renter share of 15% in 46982 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Silver Lake's stable or hybrid ZIPs before stepping into 46982. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Silver Lake:
Property Strategy for 46982
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $130,061 | $1,090 | 6.0% | +8.0% | $65,031 |
| 3BR | $215,984 | $1,320 | 4.4% | +7.7% | $71,995 |
| 4BR | $257,345 | $1,480 | 4.1% | +7.4% | $64,336 |
Market Trends
Home Value History (with trend line)
📊 How Does 46982 Compare?
| Metric | 46982 | Silver Lake | Warsaw, IN | Indiana |
|---|---|---|---|---|
| Home Value | $200,246 | $200,246 | N/A | $248,442 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 7.7% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 46982 (Silver Lake, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46982 (Silver Lake, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $200,246 |
| Monthly Rent | $981 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 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 (3.8%). 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 46982
Population: 2,653
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 type of investing works in Silver Lake, IN?
A careful cash-flow rentals with hands-on management strategy Silver Lake, IN best. The market produces stable results for that approach at the $200K price point.
How quickly do rentals get leased in Silver Lake, IN?
Silver Lake, IN carries elevated vacancy risk. Expect measured absorption at market rents of $981/mo.
What is the median home value in Silver Lake, IN?
Expect median prices around $200K in Silver Lake, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Is rental property easy to operate in Silver Lake, IN?
The landlord environment in Silver Lake, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Should investors consider Silver Lake, IN?
With a 3.0/5 investability score, Silver Lake, IN ranks as a solid market for rental property investors. Median prices of $200K and rents of $981/mo drive the underlying numbers.
You know 46982 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46982 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 46982 ranks in Warsaw, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46982 (Silver Lake)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46982 (Silver Lake, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.