Real Estate Investing in Memphis, Indiana (47143)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47143 (Memphis, IN)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Memphis, IN (47143)?
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Market Analysis: 47143 Memphis
ZIP 47143 in Memphis, IN carries a robust set of headwinds. Home values near $305K and rents of $1,719/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 47143 can be a a strong candidate for hunting ground — but the discount at $305K reflects genuine risk that outside investors often underestimate.
Within IN, ZIP 47143 trails on several market indicators that neighboring Clark County submarkets outperform. The gap is real and durable enough to shape underwriting.
The demographic picture in 47143 includes headwinds that any investor should price in. Income distribution skews lower than Memphis averages, and tenant stability requires active management.
Distressed ZIPs reward experience. substantial returns are possible in 47143, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Memphis:
Property Strategy for 47143
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $275,962 | $2,440 | 6.4% | +6.0% | $91,987 |
| 4BR | $364,809 | $2,840 | 5.6% | +6.2% | $91,202 |
Market Trends
Home Value History (with trend line)
📊 How Does 47143 Compare?
| Metric | 47143 | Memphis | Indiana |
|---|---|---|---|
| Home Value | $305,361 | $305,361 | $248,442 |
| 5-Year CAGR | 4.3% | 4.3% | 7.7% |
| Avg Rent | $1,719 | $1,719 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47143 (Memphis, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,361 |
| Monthly Rent | $1,719 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (4.4%). 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 47143
Population: 3,775
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
What is the investability score for Memphis, IN?
Yes - Memphis, IN a 3.0/5 investability score. With $305K home prices against $1,719/mo monthly rent, the market delivers a reasonable entry point for new investors.
What do landlords charge for rent in Memphis, IN?
Rent in Memphis, IN is around $1,719/mo. The resulting rent-to-value relationship with $305K pricing is reasonable for most investor models.
Are tenants stable in Memphis, IN?
Working renters make up the core of the Memphis, IN tenant base. The pool is reasonable for investors targeting long-term holds.
What approach is best for Memphis, IN real estate?
The best-fit strategy in Memphis, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Do landlords face vacancy issues in Memphis, IN?
Rental vacancy in Memphis, IN is elevated. Investors should budget normal turnover but not chronic empty units.
You know 47143 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47143 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 47143 ranks in Louisville/Jefferson County, KY-IN
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