Real Estate Investing in Corydon, Indiana (47110)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47110 (Corydon, 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: 22.7% of homes vacant — above national norms.
- Elevated poverty: 21.7% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Corydon, IN (47110)?
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Market Analysis: 47110 Corydon
ZIP 47110 in Corydon, IN carries a resilient set of headwinds. Home values near $202K and rents of $999/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 47110 can be a a credible choice for hunting ground — but the discount at $202K reflects genuine risk that outside investors often underestimate.
In the broader IN picture, 47110 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 47110 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.
Strategically, 47110 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 Corydon:
Market Trends
Home Value History (with trend line)
📊 How Does 47110 Compare?
| Metric | 47110 | Corydon | Indiana |
|---|---|---|---|
| Home Value | $201,903 | $237,326 | $248,442 |
| 5-Year CAGR | 6.5% | 6.1% | 7.7% |
| Avg Rent | $999 | $999 | - |
| Cap Rate | 3.9% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47110 (Corydon, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $201,903 |
| Monthly Rent | $999 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (3.9%). 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 47110
Population: 656
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 47110
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
What kind of vacancy should I budget for in Corydon, IN?
Occupancy in Corydon, IN runs predictable with elevated vacancy. Well-priced units at $999/mo lease on reasonable timelines.
Which investment style suits Corydon, IN?
A careful cash-flow rentals with hands-on management strategy Corydon, IN best. The market produces measured results for that approach at the $202K price point.
How does Corydon, IN stack up for property investment?
Yes - Corydon, IN a 3.0/5 investability score. With $202K home prices against $999/mo monthly rent, the market delivers a reasonable entry point for new investors.
Can I live-in-and-rent in Corydon, IN?
The house hack math a challenging in Corydon, IN. Owner-occupant buyers benefit from the $999/mo rents and $202K home values.
What is the average monthly rent in Corydon, IN?
Expect rents around $999/mo per month in Corydon, IN. With home values at $202K, the yield math works out to reasonable levels for rental investors.
You know 47110 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47110 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 47110 ranks in Louisville/Jefferson County, KY-IN
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