Real Estate Investing in New Pekin, Indiana (47165)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47165 (New Pekin, 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: 12.6% 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 New Pekin, IN (47165)?
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Market Analysis: 47165 New Pekin
The 47165 ZIP covers a section of New Pekin that demands careful diligence. Prices near $238K look accessible, but the work to make a deal cash flow is real.
From a cash-flow lens, the numbers look inviting — $238K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47165 is substantial and deserves full respect.
Statewide comparisons place 47165 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 6,599 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.
Distressed ZIPs reward experience. notable returns are possible in 47165, 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 New Pekin:
Property Strategy for 47165
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,285 | $1,070 | 4.6% | +7.7% | $83,142 |
| 3BR | $228,532 | $1,390 | 4.4% | +7.7% | $76,177 |
| 4BR | $306,235 | $1,590 | 3.7% | +7.7% | $76,559 |
Market Trends
Home Value History (with trend line)
📊 How Does 47165 Compare?
| Metric | 47165 | New Pekin | Indiana |
|---|---|---|---|
| Home Value | $237,773 | $237,773 | $248,442 |
| 5-Year CAGR | 5.8% | 5.8% | 7.7% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 47165 (New Pekin, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $237,773 |
| Monthly Rent | $963 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (3.2%). 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 47165
Population: 6,599
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 47165
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
How high is vacancy risk in New Pekin, IN?
Vacancy risk in New Pekin, IN is elevated. That supports predictable cash flow for typical rental holds.
How much rent can I charge in New Pekin, IN?
New Pekin, IN rentals go for roughly $963/mo a month. That puts gross yield in solid territory relative to $238K acquisition costs.
Is New Pekin, IN landlord-friendly?
IN law landlord-friendly for landlords, and New Pekin inherits those rules. Investors should still review local ordinances for rental licensing.
Can I house hack in New Pekin, IN?
New Pekin, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $238K price point reasonable to enter.
What is the best play in New Pekin, IN?
New Pekin, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($238K prices, $963/mo rents) make it a reasonable choice.
You know 47165 now. You don’t know where it ranks.
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How 47165 ranks in Louisville/Jefferson County, KY-IN
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