Real Estate Investing in Otisco, Indiana (47163)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47163 (Otisco, IN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 25.5 — 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 Otisco, IN (47163)?
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Market Analysis: 47163 Otisco
ZIP 47163 in Otisco, IN carries a solid set of headwinds. Home values near $297K and rents of $972/mo sit inside a market where underwriting has to be tight.
The 47163 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 47163 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A significant renter share of 8% in 47163 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. resilient returns are possible in 47163, 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 Otisco:
Property Strategy for 47163
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $259,092 | $1,390 | 3.9% | +7.0% | $86,364 |
| 4BR | $353,385 | $1,600 | 3.3% | +6.4% | $88,346 |
Market Trends
Home Value History (with trend line)
📊 How Does 47163 Compare?
| Metric | 47163 | Otisco | Indiana |
|---|---|---|---|
| Home Value | $296,824 | $296,824 | $248,442 |
| 5-Year CAGR | 5.6% | 5.6% | 7.7% |
| Avg Rent | $972 | $972 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47163 (Otisco, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $296,824 |
| Monthly Rent | $972 |
| Price-to-Rent | 25.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 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 (2.6%). 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 47163
Population: 1,293
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
Is real estate in Otisco, IN a good investment right now?
Otisco, IN rates 3.0/5 for investability. With median values at $297K and rents near $972/mo, the market offers reasonable fundamentals for rental investors.
Is rental property easy to operate in Otisco, IN?
The landlord environment in Otisco, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Where do rents currently stand in Otisco, IN?
Investors in Otisco, IN typically see rents near $972/mo per month against $297K home values - a solid setup for rental cash flow.
How should investors approach Otisco, IN?
In Otisco, IN the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $297K prices and $972/mo rents suits that approach.
Is house hacking profitable in Otisco, IN?
House hacking in Otisco, IN is reasonable to execute. Prices around $297K and rents of $972/mo solid owner-occupant economics.
You know 47163 now. You don’t know where it ranks.
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How 47163 ranks in Louisville/Jefferson County, KY-IN
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