Real Estate Investing in Floyds Knobs, Indiana (47119)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47119 (Floyds Knobs, 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.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.5 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Floyds Knobs, IN (47119)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47119 Floyds Knobs
ZIP 47119 inside Floyd County looks affordable on the surface — median value of $409K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 47119 is solid only for operators who understand what they are buying. A $409K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IN, ZIP 47119 trails on several market indicators that neighboring Floyd County submarkets outperform. The gap is real and notable enough to shape underwriting.
The demographic picture in 47119 includes headwinds that any investor should price in. Income distribution skews lower than Floyds Knobs averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 47119 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Floyds Knobs:
Property Strategy for 47119
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $263,368 | $1,430 | 3.9% | +7.2% | $131,684 |
| 3BR | $335,177 | $1,830 | 3.9% | +6.3% | $111,726 |
| 4BR | $494,130 | $2,130 | 3.1% | +6.4% | $123,532 |
| 5BR | $641,469 | — | — | +6.9% | $128,294 |
Market Trends
Home Value History (with trend line)
📊 How Does 47119 Compare?
| Metric | 47119 | Floyds Knobs | Indiana |
|---|---|---|---|
| Home Value | $408,904 | $408,904 | $248,442 |
| 5-Year CAGR | 4.9% | 4.9% | 7.7% |
| Avg Rent | $1,287 | $1,287 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 47119 (Floyds Knobs, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47119 (Floyds Knobs, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $408,904 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 26.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.5%). 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 47119
Population: 11,748
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 47119
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
Investor Insight: With 8,434 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How viable is house hacking in Floyds Knobs, IN?
House hacking in Floyds Knobs, IN is a challenging. With home values around $409K and rents at $1,287/mo, owner-occupants can offset a meaningful share of PITI.
What kind of tenants rent in Floyds Knobs, IN?
Tenant quality in Floyds Knobs, IN ranks as solid. Landlords generally report steady occupancy at market rents of $1,287/mo.
What real estate strategy is ideal for Floyds Knobs, IN?
Floyds Knobs, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($409K prices, $1,287/mo rents) make it a reasonable choice.
Is Floyds Knobs, IN a good market for buy-and-hold investors?
Our data puts Floyds Knobs, IN at 3.0/5 for investability. Home prices of $409K and rents around $1,287/mo create a solid backdrop for investor activity.
Is housing expensive in Floyds Knobs, IN?
Floyds Knobs, IN home values average about $409K. That price point suits investors targeting rentals with $1,287/mo in monthly income.
You know 47119 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47119 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 47119 ranks in Louisville/Jefferson County, KY-IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47119 (Floyds Knobs)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47119 (Floyds Knobs, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.