Real Estate Investing in Charlestown, Indiana (47111)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47111 (Charlestown, IN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Charlestown, IN (47111)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47111 Charlestown
ZIP 47111 in Charlestown, IN carries a durable set of headwinds. Home values near $309K and rents of $1,636/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 47111 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
From a cash-flow lens, 47111 offers a low basis, the region around Charlestown has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 47111 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 47111 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 Charlestown:
Property Strategy for 47111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,918 | $1,130 | 4.9% | +8.3% | $82,959 |
| 3BR | $268,048 | $1,440 | 3.9% | +6.8% | $89,349 |
| 4BR | $387,095 | $1,680 | 3.1% | +6.5% | $96,774 |
| 5BR | $453,857 | — | — | +6.1% | $90,771 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47111 Compare?
| Metric | 47111 | Charlestown | Indiana |
|---|---|---|---|
| Home Value | $308,757 | $308,757 | $248,442 |
| 5-Year CAGR | 4.5% | 4.5% | 7.7% |
| Avg Rent | $1,636 | $1,636 | - |
| 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 47111 (Charlestown, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47111 (Charlestown, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $308,757 |
| Monthly Rent | $1,636 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 47111
Population: 17,899
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 47111
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
What kind of tenants rent in Charlestown, IN?
Charlestown, IN offers a steady renter base at the $1,636/mo rent level. Tenant turnover is reasonable for well-managed properties.
How do landlord-tenant laws work in Charlestown, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Charlestown generally follows the statewide framework, so landlords face reasonable operating rules.
Should investors worry about vacancy in Charlestown, IN?
Charlestown, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
How much is rent in Charlestown, IN?
Charlestown, IN rentals go for roughly $1,636/mo a month. That puts gross yield in solid territory relative to $309K acquisition costs.
What price range are homes in Charlestown, IN?
Median home price in Charlestown, IN is near $309K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
You know 47111 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47111 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 47111 ranks in Louisville/Jefferson County, KY-IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47111 (Charlestown)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47111 (Charlestown, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.