Real Estate Investing in West Harrison, Indiana (47060)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47060 (West Harrison, 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.
- High price-to-rent: Price-to-rent ratio 28.2 — 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 West Harrison, IN (47060)?
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Market Analysis: 47060 West Harrison
The 47060 ZIP in West Harrison, IN is a local-operator market. Outside capital chasing a $381K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 47060 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in West Harrison have seen price recovery that 47060 has not matched. Dearborn County data supports the view that the spread is structural rather than temporary.
Demographically, 47060 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.
Strategy in 47060 is an operator game, not a passive one. Stepping back, entry prices of $381K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in West Harrison:
Property Strategy for 47060
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $269,302 | $1,250 | 3.3% | +7.3% | $134,651 |
| 3BR | $353,007 | $1,650 | 3.4% | +6.9% | $117,669 |
| 4BR | $437,259 | $1,780 | 2.9% | +7.1% | $109,315 |
Market Trends
Home Value History (with trend line)
📊 How Does 47060 Compare?
| Metric | 47060 | West Harrison | Cincinnati, OH-KY-IN | Indiana |
|---|---|---|---|---|
| Home Value | $380,936 | $380,936 | N/A | $248,442 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.7% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 47060 (West Harrison, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $380,936 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 28.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.3%). 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 47060
Population: 6,379
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 47060
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 are home prices like in West Harrison, IN?
The median home value in West Harrison, IN is roughly $381K. That puts it reasonable relative to the IN statewide average.
Are landlord laws favorable in West Harrison, IN?
West Harrison, IN operates under IN law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Are rents high in West Harrison, IN?
Rents in West Harrison, IN run near $1,125/mo. Compared with median home prices of $381K that produces solid gross yields for typical rentals.
Is West Harrison, IN a good market for FHA house hackers?
West Harrison, IN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,125/mo rent level.
What is the best play in West Harrison, IN?
West Harrison, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($381K prices, $1,125/mo rents) make it a reasonable choice.
You know 47060 now. You don’t know where it ranks.
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How 47060 ranks in Cincinnati, OH-KY-IN
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