Real Estate Investing in Eckerty, Indiana (47116)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47116 (Eckerty, IN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 60.2% of homes vacant — above national norms.
- Elevated poverty: 27.2% poverty rate — can affect rent collection.
- Higher unemployment: 15.0% unemployment — tenant risk signal.
- Lower household income: $32,917 median — tenant affordability is tighter.
• 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 Eckerty, IN (47116)?
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Market Analysis: 47116 Eckerty
The 47116 ZIP in Eckerty, IN is a local-operator market. Outside capital chasing a $197K entry has to pair deep knowledge with the discount.
Rent of $927/mo on a $197K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47116 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 47116 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 47116 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 47116 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 Eckerty:
Market Trends
Home Value History (with trend line)
📊 How Does 47116 Compare?
| Metric | 47116 | Eckerty | Indiana |
|---|---|---|---|
| Home Value | $197,221 | $197,221 | $248,442 |
| 5-Year CAGR | 8.0% | 8.0% | 7.7% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47116 (Eckerty, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $197,221 |
| Monthly Rent | $927 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 (3.7%). 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 47116
Population: 436
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 47116
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 strategy should investors use in Eckerty, IN?
A careful cash-flow rentals with hands-on management strategy Eckerty, IN best. The market produces reliable results for that approach at the $197K price point.
How strict are landlord regulations in Eckerty, IN?
Rental owners in Eckerty, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How qualified is the tenant pool in Eckerty, IN?
The tenant pool in Eckerty, IN is solid, supported by local employment and population fundamentals. Rents of $927/mo are well-absorbed by the market.
Is Eckerty, IN suited for a house hack?
The a challenging house-hack environment in Eckerty, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Should investors consider Eckerty, IN?
The 3.0/5 investability rating in Eckerty, IN reflects its $197K prices and $927/mo rents. Investors generally consider it a solid option within IN.
You know 47116 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47116 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.
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