Real Estate Investing in New Washington, Indiana (47162)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47162 (New Washington, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• 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 New Washington, IN (47162)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47162 New Washington
This part of Clark County is not an easy win. The 47162 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 47162 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 47162 and stronger New Washington ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A robust renter share of 29% in 47162 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at New Washington's stable or hybrid ZIPs before stepping into 47162. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New Washington:
Market Trends
Home Value History (with trend line)
📊 How Does 47162 Compare?
| Metric | 47162 | New Washington | Indiana |
|---|---|---|---|
| Home Value | $230,319 | $230,319 | $248,442 |
| 5-Year CAGR | 5.8% | 5.8% | 7.7% |
| Avg Rent | $1,116 | $1,116 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 47162 (New Washington, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47162 (New Washington, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $230,319 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 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 (3.8%). 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 47162
Population: 501
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 47162
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
Frequently Asked Questions
What investment strategy works best in New Washington, IN?
Most investors in New Washington, IN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What are rental rates like in New Washington, IN?
Rental rates in New Washington, IN average $1,116/mo. Tenant demand and $230K home values make the yield look reasonable by investor standards.
What kind of tenants rent in New Washington, IN?
Tenant quality in New Washington, IN ranks as solid. Landlords generally report predictable occupancy at market rents of $1,116/mo.
Can I live-in-and-rent in New Washington, IN?
The house hack math a challenging in New Washington, IN. Owner-occupant buyers benefit from the $1,116/mo rents and $230K home values.
What price range are homes in New Washington, IN?
The median home value in New Washington, IN is roughly $230K. That puts it reasonable relative to the IN statewide average.
You know 47162 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47162 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 47162 ranks in Louisville/Jefferson County, KY-IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47162 (New Washington)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47162 (New Washington, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.