Real Estate Investing in Sunman, Indiana (47041)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47041 (Sunman, 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.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 30.9 — 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 Sunman, IN (47041)?
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Market Analysis: 47041 Sunman
The 47041 ZIP in Sunman, IN is a local-operator market. Outside capital chasing a $353K entry has to pair deep knowledge with the discount.
For an experienced owner, 47041 can be a a credible choice for hunting ground — but the discount at $353K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Sunman have seen price recovery that 47041 has not matched. Ripley County data supports the view that the spread is structural rather than temporary.
Meanwhile, 6,148 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 47041 is an operator game, not a passive one. From an investor standpoint, entry prices of $353K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Sunman:
Property Strategy for 47041
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $259,895 | $1,060 | 2.9% | +8.7% | $129,947 |
| 3BR | $341,469 | $1,400 | 3.0% | +8.0% | $113,823 |
| 4BR | $406,378 | $1,470 | 2.6% | +7.2% | $101,595 |
Market Trends
Home Value History (with trend line)
📊 How Does 47041 Compare?
| Metric | 47041 | Sunman | Cincinnati, OH-KY-IN | Indiana |
|---|---|---|---|---|
| Home Value | $353,120 | $353,120 | N/A | $248,442 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.7% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47041 (Sunman, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $353,120 |
| Monthly Rent | $954 |
| Price-to-Rent | 30.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.1%). 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 47041
Population: 6,148
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 47041
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.
Frequently Asked Questions
Does Sunman, IN make sense for an investment property?
The 3.0/5 investability rating in Sunman, IN reflects its $353K prices and $954/mo rents. Investors generally consider it a solid option within IN.
What are rental rates like in Sunman, IN?
Average rent in Sunman, IN is approximately $954/mo per month. Against $353K home values that yields a reasonable rent-to-price ratio.
How strong is the working-renter base in Sunman, IN?
The renter base in Sunman, IN is reasonable for the $954/mo price point. Screening well and pricing to market typically yields stable tenants.
Should investors worry about vacancy in Sunman, IN?
Sunman, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
How strict are landlord regulations in Sunman, IN?
Rental owners in Sunman, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 47041 now. You don’t know where it ranks.
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How 47041 ranks in Cincinnati, OH-KY-IN
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