Real Estate Investing in Oldenburg, Indiana (47036)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Franklin • Population: 1,202 • Data updated: September 2026

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Should you buy in 47036 (Oldenburg, IN)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (55/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Oldenburg, IN (47036)?

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2.0/ 5

Investability

Overall investment appeal

0.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $314,287
Avg Monthly Rent $1,089
1% Rule ✗ Does Not Meet
Median Income $92,927
% Renters 13.5%

Market Analysis: 47036 Oldenburg

Investors eyeing 47036 need to respect the fundamentals at play. Home values of $314K come alongside slower price movement and elevated management overhead.

The investment case in 47036 is robust only for operators who understand what they are buying. A $314K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.

Nearby ZIPs in Oldenburg have seen price recovery that 47036 has not matched. Franklin data supports the view that the spread is structural rather than temporary.

Employment concentration in 47036 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.

New investors are better served looking at Oldenburg's stable or hybrid ZIPs before stepping into 47036. The learning curve here is expensive when the lesson is wrong.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Oldenburg:

B Good
Buy Confidence Score: 75/100
Affordability
20/25
Appreciation
25/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 3.4× the median income
Value Trend
Rising (+9.1%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,089/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$320K$310K$301K$291K$282K$272KDec 2023Apr 2025Jul 2026

📊 How Does 47036 Compare?

Metric 47036 Oldenburg Indiana
Home Value $314,287 $314,287 $248,442
5-Year CAGR N/A N/A 7.7%
Avg Rent $1,089 $1,089 -
Cap Rate 2.7% 2.7% -
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 47036 (Oldenburg, IN). Anonymous, moderated, never written by AI.

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Investability
Fair
Cap Rate
2.7%
Low

📊 Market Snapshot

Home Value $314,287
Monthly Rent $1,089
Price-to-Rent 24.1:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.2%
Cap Rate 2.7%
5-Year IRR 11.8%

📈 Home Appreciation

1-Year +9.1% ▲
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
Negative Leverage — IRR / Tax Play Cap Rate: 2.7%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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.

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⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
3.2%
Low risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
N/A
Stable
Eviction process: Moderate Rent control: Favorable

Demographics in 47036

Population: 1,202

💰 Median Household Income
$92,927
This area
$92,927
State
$69,164
USA
$74,580
🏠 Renter Occupied
13.5%
This area
13.5%
State
22.2%
USA
34.0%
💼 Unemployment Rate
4.8%
This area
4.8%
State
-23.5%
USA
3.7%
🎓 College Educated
43.3%
This area
43.3%
State
-6.4%
USA
33.7%
👤 Median Age
43.2 years
This area
43.2 years
State
-0.2 years
USA
38.9 years
🏚️ Vacancy Rate
3.2%
This area
3.2%
State
10.7%
USA
10.5%
👥 Population by Ethnicity
White 96.1%
Asian 3.1%
Other/Mixed 0.8%
Hispanic/Latino 0.3%
👶 Under 18
28.5%
This area
28.5%
USA
22.0%
👴 65 and Over
17.4%
This area
17.4%
USA
17.3%
📊 Poverty Rate
0.4%
This area
0.4%
USA
11.5%

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 is the median home value in Oldenburg, IN?

Typical homes in Oldenburg, IN go for around $314K. The 5-year CAGR of 0.0% steady price movement.

What kind of tenants rent in Oldenburg, IN?

Oldenburg, IN offers a consistent renter base at the $1,089/mo rent level. Tenant turnover is reasonable for well-managed properties.

How does Oldenburg, IN rate as a rental market?

Oldenburg, IN scores 2.0/5 for investability. Home values sit at $314K and rents near $1,089/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

What does house hacking look like in Oldenburg, IN?

For house hackers, Oldenburg, IN is a challenging. The $1,089/mo rent on a unit helps defray the mortgage on a $314K property.

How landlord-friendly is Oldenburg, IN?

The landlord environment in Oldenburg, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

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