Real Estate Investing in Commiskey, Indiana (47227)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47227 (Commiskey, 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: 13.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.5 — 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 Commiskey, IN (47227)?
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Market Analysis: 47227 Commiskey
ZIP 47227 in Commiskey, IN carries a resilient set of headwinds. Home values near $275K and rents of $864/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $275K asset, 47227 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 47227 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Meanwhile, 1,425 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.
Strategically, 47227 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 Commiskey:
Market Trends
Home Value History (with trend line)
📊 How Does 47227 Compare?
| Metric | 47227 | Commiskey | North Vernon, IN | Indiana |
|---|---|---|---|---|
| Home Value | $274,508 | $274,508 | N/A | $248,442 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47227 (Commiskey, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $274,508 |
| Monthly Rent | $864 |
| Price-to-Rent | 26.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.5%). 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 47227
Population: 1,425
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 47227
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 real estate in Commiskey, IN a good investment right now?
Commiskey, IN scores 3.0/5 for investability. Home values sit at $275K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Should investors worry about vacancy in Commiskey, IN?
Vacancy in Commiskey, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
How deep is the rental pool in Commiskey, IN?
The tenant pool in Commiskey, IN is solid, supported by local employment and population fundamentals. Rents of $864/mo are well-absorbed by the market.
Does a duplex house hack pencil in Commiskey, IN?
For house hackers, Commiskey, IN is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $275K property.
What are rental rates like in Commiskey, IN?
Average rent in Commiskey, IN is approximately $864/mo per month. Against $275K home values that yields a reasonable rent-to-price ratio.
You know 47227 now. You don’t know where it ranks.
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