Real Estate Investing in Aurora, Indiana (47001)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47001 (Aurora, 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 Aurora, IN (47001)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47001 Aurora
The 47001 ZIP in Aurora, IN is a local-operator market. Outside capital chasing a $288K entry has to pair deep knowledge with the discount.
For an experienced owner, 47001 can be a a strong candidate for hunting ground — but the discount at $288K reflects genuine risk that outside investors often underestimate.
In practical terms, 47001 offers a low basis, the region around Aurora has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 47001 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 47001 is an operator game, not a passive one. On the rental side, entry prices of $288K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Aurora:
Property Strategy for 47001
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $202,078 | $1,190 | 4.2% | +8.4% | $101,039 |
| 3BR | $274,851 | $1,570 | 4.1% | +8.6% | $91,617 |
| 4BR | $323,815 | $1,740 | 3.9% | +8.1% | $80,954 |
Market Trends
Home Value History (with trend line)
📊 How Does 47001 Compare?
| Metric | 47001 | Aurora | Cincinnati, OH-KY-IN | Indiana |
|---|---|---|---|---|
| Home Value | $287,643 | $287,643 | N/A | $248,442 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.7% |
| Avg Rent | $1,071 | $1,071 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 47001 (Aurora, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47001 (Aurora, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $287,643 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.9%). 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 47001
Population: 10,374
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 47001
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
What is the best play in Aurora, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Aurora, IN. With home values at $288K and rents near $1,071/mo, other strategies can work but produce consistent rather than outsized returns.
Can I live-in-and-rent in Aurora, IN?
House hacking works a challenging in Aurora, IN. Rents of $1,071/mo against $288K acquisition make the strategy solid for owner-occupants.
What is the tenant pool like in Aurora, IN?
Tenant quality in Aurora, IN ranks as solid. Landlords generally report reliable occupancy at market rents of $1,071/mo.
Is Aurora, IN landlord-friendly?
Aurora, IN operates under IN law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
What do landlords charge for rent in Aurora, IN?
Average rent in Aurora, IN is approximately $1,071/mo per month. Against $288K home values that yields a reasonable rent-to-price ratio.
You know 47001 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47001 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 47001 ranks in Cincinnati, OH-KY-IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47001 (Aurora)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47001 (Aurora, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.