Real Estate Investing in Crandall, Indiana (47114)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47114 (Crandall, 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: 20.4% of homes vacant — above national norms.
• 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 Crandall, IN (47114)?
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Market Analysis: 47114 Crandall
Investors eyeing 47114 need to respect the fundamentals at play. Home values of $285K come alongside slower price movement and elevated management overhead.
Rent of $1,170/mo on a $285K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47114 sits below the stated 0.0% once reality is priced in.
Within IN, ZIP 47114 trails on several market indicators that neighboring Harrison County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Resident income in 47114 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 47114 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Crandall:
Market Trends
Home Value History (with trend line)
📊 How Does 47114 Compare?
| Metric | 47114 | Crandall | Indiana |
|---|---|---|---|
| Home Value | $285,435 | $285,435 | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | 7.7% |
| Avg Rent | $1,170 | $1,170 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47114 (Crandall, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $285,435 |
| Monthly Rent | $1,170 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.2%). 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 47114
Population: 537
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is the tenant base reliable in Crandall, IN?
The renter base in Crandall, IN is reasonable for the $1,170/mo price point. Screening well and pricing to market typically yields steady tenants.
Should investors worry about vacancy in Crandall, IN?
Crandall, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
What is the best play in Crandall, IN?
Crandall, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($285K prices, $1,170/mo rents) make it a reasonable choice.
How strict are landlord regulations in Crandall, IN?
Crandall, IN operates under IN law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
How does Crandall, IN stack up for property investment?
Yes - Crandall, IN a 3.0/5 investability score. With $285K home prices against $1,170/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 47114 now. You don’t know where it ranks.
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