Real Estate Investing in Cedar Grove, Indiana (47016)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47016 (Cedar Grove, IN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 27.2 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cedar Grove, IN (47016)?
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Market Analysis: 47016 Cedar Grove
Investors eyeing 47016 need to respect the fundamentals at play. Home values of $323K come alongside slower price movement and elevated management overhead.
Rent of $990/mo on a $323K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47016 sits below the stated 0.0% once reality is priced in.
ZIP 47016's metrics run below Franklin's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 47016 includes headwinds that any investor should price in. Income distribution skews lower than Cedar Grove averages, and tenant stability requires active management.
Strategically, 47016 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Cedar Grove:
Market Trends
Home Value History (with trend line)
📊 How Does 47016 Compare?
| Metric | 47016 | Cedar Grove | Indiana |
|---|---|---|---|
| Home Value | $323,190 | $323,190 | $248,442 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $990 | $990 | - |
| Cap Rate | 2.4% | 2.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47016 (Cedar Grove, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $323,190 |
| Monthly Rent | $990 |
| Price-to-Rent | 27.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (2.4%). 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 47016
Population: 683
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 47016
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
Is Cedar Grove, IN a good place for real estate investing?
The 2.0/5 investability rating in Cedar Grove, IN reflects its $323K prices and $990/mo rents. Investors generally consider it a solid option within IN.
How much is rent in Cedar Grove, IN?
Rental rates in Cedar Grove, IN average $990/mo. Tenant demand and $323K home values make the yield look reasonable by investor standards.
What is the average home sale price in Cedar Grove, IN?
Cedar Grove, IN home values average about $323K. That price point suits investors targeting rentals with $990/mo in monthly income.
Can I live-in-and-rent in Cedar Grove, IN?
Cedar Grove, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $323K price point reasonable to enter.
What kind of vacancy should I budget for in Cedar Grove, IN?
Rental vacancy in Cedar Grove, IN is elevated. Investors should budget normal turnover but not chronic empty units.
You know 47016 now. You don’t know where it ranks.
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Community Ratings
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