Real Estate Investing in Austin, Indiana (47102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47102 (Austin, 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: 14.5% 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 Austin, IN (47102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47102 Austin
The 47102 ZIP covers a section of Austin that demands careful diligence. Prices near $164K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 47102 can be a a solid fit for hunting ground — but the discount at $164K reflects genuine risk that outside investors often underestimate.
In the broader IN picture, 47102 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 47102 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 47102 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 Austin:
Property Strategy for 47102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $119,243 | $960 | 5.8% | +10.4% | $59,622 |
| 3BR | $165,651 | $1,270 | 5.5% | +8.8% | $55,217 |
| 4BR | $210,899 | $1,280 | 4.4% | +6.9% | $52,725 |
Market Trends
Home Value History (with trend line)
📊 How Does 47102 Compare?
| Metric | 47102 | Austin | Scottsburg, IN | Indiana |
|---|---|---|---|---|
| Home Value | $163,564 | $163,564 | N/A | $248,442 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
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 47102 (Austin, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $163,564 |
| Monthly Rent | $864 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (4.1%). 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 47102
Population: 6,647
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 47102
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
How quickly do rentals get leased in Austin, IN?
Vacancy risk in Austin, IN is elevated. That supports reliable cash flow for typical rental holds.
What approach is best for Austin, IN real estate?
The best-fit strategy in Austin, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What do landlords charge for rent in Austin, IN?
Rent in Austin, IN is around $864/mo. The resulting rent-to-value relationship with $164K pricing is reasonable for most investor models.
How much does a house cost in Austin, IN?
In Austin, IN the median home value sits at $164K. Against the broader IN market, that reads as reasonable for most investors.
What kind of market is Austin, IN for investors?
Our data puts Austin, IN at 3.0/5 for investability. Home prices of $164K and rents around $864/mo create a solid backdrop for investor activity.
You know 47102 now. You don’t know where it ranks.
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