Real Estate Investing in New Salisbury, Indiana (47166)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47166 (New Salisbury, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Salisbury, IN (47166)?
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Market Analysis: 47166 New Salisbury
ZIP 47166 in New Salisbury, IN carries a significant set of headwinds. Home values near $249K and rents of $1,314/mo sit inside a market where underwriting has to be tight.
The investment case in 47166 is robust only for operators who understand what they are buying. A $249K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IN, ZIP 47166 trails on several market indicators that neighboring Harrison County submarkets outperform. The gap is real and notable enough to shape underwriting.
The 47166 ZIP's population of 1,531 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategically, 47166 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in New Salisbury:
Market Trends
Home Value History (with trend line)
📊 How Does 47166 Compare?
| Metric | 47166 | New Salisbury | Indiana |
|---|---|---|---|
| Home Value | $249,000 | $249,000 | $248,442 |
| 5-Year CAGR | 6.3% | 6.3% | 7.7% |
| Avg Rent | $1,314 | $1,314 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47166 (New Salisbury, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $249,000 |
| Monthly Rent | $1,314 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 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 (4.1%). 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 47166
Population: 1,531
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 47166
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.
Frequently Asked Questions
Is it easy to find good tenants in New Salisbury, IN?
Tenant demand in New Salisbury, IN is solid. The local workforce $1,314/mo rents across most rental classes.
Is real estate in New Salisbury, IN a good investment right now?
New Salisbury, IN rates 3.0/5 for investability. With median values at $249K and rents near $1,314/mo, the market offers reasonable fundamentals for rental investors.
Where do home prices stand in New Salisbury, IN?
New Salisbury, IN median home values land near $249K. That is reasonable territory for investors looking at $1,314/mo-per-month rentals.
What investment strategy works best in New Salisbury, IN?
In New Salisbury, IN the significant play is typically careful cash-flow rentals with hands-on management. The combination of $249K prices and $1,314/mo rents suits that approach.
Does a duplex house hack pencil in New Salisbury, IN?
For house hackers, New Salisbury, IN is a challenging. The $1,314/mo rent on a unit helps defray the mortgage on a $249K property.
You know 47166 now. You don’t know where it ranks.
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How 47166 ranks in Louisville/Jefferson County, KY-IN
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