Real Estate Investing in Crothersville, Indiana (47229)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47229 (Crothersville, 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.
- Elevated vacancy: 10.4% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Crothersville, IN (47229)?
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Market Analysis: 47229 Crothersville
Not every below-median market is a bargain. Crothersville's 47229 ZIP sits at signals that favor experienced operators who can absorb the risk $197K pricing implies.
The investment case in 47229 is healthy only for operators who understand what they are buying. A $197K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IN, ZIP 47229 trails on several market indicators that neighboring Jackson County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Employment concentration in 47229 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 47229 is an operator game, not a passive one. In practical terms, entry prices of $197K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Crothersville:
Property Strategy for 47229
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,831 | $1,050 | 4.9% | +8.9% | $77,416 |
| 3BR | $197,020 | $1,320 | 4.8% | +8.0% | $65,673 |
| 4BR | $240,351 | $1,400 | 4.2% | +7.6% | $60,088 |
Market Trends
Home Value History (with trend line)
📊 How Does 47229 Compare?
| Metric | 47229 | Crothersville | Seymour, IN | Indiana |
|---|---|---|---|---|
| Home Value | $196,625 | $196,625 | N/A | $248,442 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.7% |
| Avg Rent | $945 | $945 | N/A | - |
| 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 47229 (Crothersville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,625 |
| Monthly Rent | $945 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 47229
Population: 2,971
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 47229
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
What type of investing works in Crothersville, IN?
A careful cash-flow rentals with hands-on management strategy Crothersville, IN best. The market produces consistent results for that approach at the $197K price point.
How strong is tenant demand in Crothersville, IN?
Working renters make up the core of the Crothersville, IN tenant base. The pool is reasonable for investors targeting long-term holds.
Does Crothersville, IN make sense for an investment property?
The 3.0/5 investability rating in Crothersville, IN reflects its $197K prices and $945/mo rents. Investors generally consider it a solid option within IN.
Is Crothersville, IN a good market for FHA house hackers?
Crothersville, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $197K price point reasonable to enter.
What is the typical home price in Crothersville, IN?
In Crothersville, IN the median home value sits at $197K. Against the broader IN market, that reads as reasonable for most investors.
You know 47229 now. You don’t know where it ranks.
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