Real Estate Investing in Bath, Indiana (47003)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47003 (Bath, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.9% 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 Bath, IN (47003)?
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Market Analysis: 47003 Bath
Investors eyeing 47003 need to respect the fundamentals at play. Home values of $182K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $182K asset, 47003 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within IN, ZIP 47003 trails on several market indicators that neighboring Union County submarkets outperform. The gap is real and durable enough to shape underwriting.
Demographically, 47003 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 right play in 47003 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Bath:
Market Trends
Home Value History (with trend line)
📊 How Does 47003 Compare?
| Metric | 47003 | Bath | Cincinnati, OH-KY-IN | Indiana |
|---|---|---|---|---|
| Home Value | $182,077 | $225,425 | N/A | $248,442 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.7% |
| Avg Rent | $864 | $914 | N/A | - |
| Cap Rate | 3.7% | 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 47003 (Bath, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,077 |
| Monthly Rent | $864 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.7%). 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 47003
Population: 1,038
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
Do landlords face vacancy issues in Bath, IN?
Expect elevated vacancy in Bath, IN. Rents at $864/mo are absorbed by the tenant base without meaningful lag.
How deep is the rental pool in Bath, IN?
The tenant pool in Bath, IN is solid, supported by local employment and population fundamentals. Rents of $864/mo are well-absorbed by the market.
Where do rents currently stand in Bath, IN?
The typical rental in Bath, IN commands about $864/mo monthly. That rent profile predictable cash flow against the $182K purchase basis.
What price range are homes in Bath, IN?
Median home price in Bath, IN is near $182K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What type of investing works in Bath, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Bath, IN. With home values at $182K and rents near $864/mo, other strategies can work but produce predictable rather than outsized returns.
You know 47003 now. You don’t know where it ranks.
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How 47003 ranks in Cincinnati, OH-KY-IN
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