Real Estate Investing in Holton, Indiana (47023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47023 (Holton, 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: 14.9% 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 Holton, IN (47023)?
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Market Analysis: 47023 Holton
ZIP 47023 in Holton, IN carries a substantial set of headwinds. Home values near $279K and rents of $1,116/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 47023 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 47023 sits on the difficult end of the IN spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 47023 ZIP's population of 2,076 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategically, 47023 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 Holton:
Property Strategy for 47023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $196,605 | $1,240 | 4.5% | +8.4% | $98,302 |
| 3BR | $285,121 | $1,640 | 4.1% | +9.5% | $95,040 |
| 4BR | $322,122 | $1,640 | 3.7% | +11.0% | $80,530 |
Market Trends
Home Value History (with trend line)
📊 How Does 47023 Compare?
| Metric | 47023 | Holton | Indiana |
|---|---|---|---|
| Home Value | $278,824 | $278,824 | $248,442 |
| 5-Year CAGR | 7.0% | 7.0% | 7.7% |
| Avg Rent | $1,116 | $1,116 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47023 (Holton, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $278,824 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 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 (3.1%). 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 47023
Population: 2,076
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
What type of investing works in Holton, IN?
A careful cash-flow rentals with hands-on management strategy Holton, IN best. The market produces measured results for that approach at the $279K price point.
Is it easy to find good tenants in Holton, IN?
The renter base in Holton, IN is reasonable for the $1,116/mo price point. Screening well and pricing to market typically yields measured tenants.
What is the typical home price in Holton, IN?
In Holton, IN the median home value sits at $279K. Against the broader IN market, that reads as reasonable for most investors.
How do landlord-tenant laws work in Holton, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Holton generally follows the statewide framework, so landlords face reasonable operating rules.
How quickly do rentals get leased in Holton, IN?
Holton, IN carries elevated vacancy risk. Expect steady absorption at market rents of $1,116/mo.
You know 47023 now. You don’t know where it ranks.
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