Real Estate Investing in Bennington, Indiana (47011)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47011 (Bennington, 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.
- Elevated vacancy: 11.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 30.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bennington, IN (47011)?
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Market Analysis: 47011 Bennington
The 47011 ZIP in Bennington, IN is a local-operator market. Outside capital chasing a $328K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $328K asset, 47011 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within IN, ZIP 47011 trails on several market indicators that neighboring Switzerland County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Resident income in 47011 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 47011 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bennington:
Market Trends
Home Value History (with trend line)
📊 How Does 47011 Compare?
| Metric | 47011 | Bennington | Indiana |
|---|---|---|---|
| Home Value | $327,925 | $327,925 | $248,442 |
| 5-Year CAGR | 8.1% | 8.1% | 7.7% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47011 (Bennington, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $327,925 |
| Monthly Rent | $909 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 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 (2.2%). 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 47011
Population: 1,533
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
Frequently Asked Questions
Is Bennington, IN good for landlords?
Bennington, IN operates under IN law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Is it easy to find good tenants in Bennington, IN?
Bennington, IN offers a measured renter base at the $909/mo rent level. Tenant turnover is reasonable for well-managed properties.
Do landlords face vacancy issues in Bennington, IN?
Bennington, IN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What type of investing works in Bennington, IN?
In Bennington, IN the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $328K prices and $909/mo rents suits that approach.
How much does a house cost in Bennington, IN?
Median home price in Bennington, IN is near $328K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
You know 47011 now. You don’t know where it ranks.
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