Real Estate Investing in Laconia, Indiana (47135)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47135 (Laconia, 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: 24.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Laconia, IN (47135)?
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Market Analysis: 47135 Laconia
Looking more closely, ZIP 47135 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $262K median. It rewards specialists, not generalists.
Rent of $963/mo on a $262K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47135 sits below the stated 0.0% once reality is priced in.
In the broader IN picture, 47135 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
In practical terms, 1,063 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Laconia:
Market Trends
Home Value History (with trend line)
📊 How Does 47135 Compare?
| Metric | 47135 | Laconia | Indiana |
|---|---|---|---|
| Home Value | $262,184 | $262,184 | $248,442 |
| 5-Year CAGR | 6.2% | 6.2% | 7.7% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47135 (Laconia, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,184 |
| Monthly Rent | $963 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.9%). 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 47135
Population: 1,063
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
Frequently Asked Questions
Are homes affordable in Laconia, IN?
Laconia, IN median home values land near $262K. That is reasonable territory for investors looking at $963/mo-per-month rentals.
How high is vacancy risk in Laconia, IN?
Laconia, IN carries elevated vacancy risk. Expect steady absorption at market rents of $963/mo.
Does a duplex house hack pencil in Laconia, IN?
For house hackers, Laconia, IN is a challenging. The $963/mo rent on a unit helps defray the mortgage on a $262K property.
How much is rent in Laconia, IN?
Rents in Laconia, IN run near $963/mo. Compared with median home prices of $262K that produces solid gross yields for typical rentals.
Is IN a landlord-friendly state?
The landlord environment in Laconia, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 47135 now. You don’t know where it ranks.
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How 47135 ranks in Louisville/Jefferson County, KY-IN
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