Real Estate Investing in Rising Sun, Indiana (47040)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47040 (Rising Sun, 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.
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 Rising Sun, IN (47040)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47040 Rising Sun
ZIP 47040 inside Ohio County looks affordable on the surface — median value of $262K — but the discount exists for reasons that a careful buyer should understand before committing.
The 47040 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 47040 and stronger Rising Sun ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 47040 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 47040 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 Rising Sun:
Property Strategy for 47040
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $192,498 | $1,010 | 3.8% | +8.7% | $96,249 |
| 3BR | $264,685 | $1,330 | 3.6% | +8.7% | $88,228 |
| 4BR | $308,198 | $1,450 | 3.4% | +7.8% | $77,049 |
Market Trends
Home Value History (with trend line)
📊 How Does 47040 Compare?
| Metric | 47040 | Rising Sun | Cincinnati, OH-KY-IN | Indiana |
|---|---|---|---|---|
| Home Value | $262,314 | $262,314 | N/A | $248,442 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.7% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 47040 (Rising Sun, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47040 (Rising Sun, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $262,314 |
| Monthly Rent | $909 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (2.7%). 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.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47040
Population: 5,408
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 47040
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 Rising Sun, IN a smart market for rental property?
The 3.0/5 investability rating in Rising Sun, IN reflects its $262K prices and $909/mo rents. Investors generally consider it a solid option within IN.
What do landlords charge for rent in Rising Sun, IN?
Rent in Rising Sun, IN is around $909/mo. The resulting rent-to-value relationship with $262K pricing is reasonable for most investor models.
How do landlord-tenant laws work in Rising Sun, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Rising Sun generally follows the statewide framework, so landlords face reasonable operating rules.
Is vacancy a concern in Rising Sun, IN?
Rental vacancy in Rising Sun, IN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the tenant pool like in Rising Sun, IN?
The tenant pool in Rising Sun, IN is solid, supported by local employment and population fundamentals. Rents of $909/mo are well-absorbed by the market.
You know 47040 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47040 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 47040 ranks in Cincinnati, OH-KY-IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47040 (Rising Sun)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47040 (Rising Sun, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.