Real Estate Investing in Deputy, Indiana (47230)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47230 (Deputy, 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 Deputy, IN (47230)?
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Market Analysis: 47230 Deputy
The 47230 ZIP covers a section of Deputy that demands careful diligence. Prices near $232K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 47230 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader IN picture, 47230 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 47230 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. healthy returns are possible in 47230, 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 Deputy:
Property Strategy for 47230
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,770 | $960 | 4.1% | +9.0% | $83,385 |
| 3BR | $225,088 | $1,210 | 3.9% | +10.3% | $75,029 |
Market Trends
Home Value History (with trend line)
📊 How Does 47230 Compare?
| Metric | 47230 | Deputy | Madison, IN | Indiana |
|---|---|---|---|---|
| Home Value | $232,442 | $232,442 | N/A | $248,442 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 47230 (Deputy, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $232,442 |
| Monthly Rent | $864 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (2.9%). 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 47230
Population: 1,832
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 47230
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
What is the median home value in Deputy, IN?
Expect median prices around $232K in Deputy, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
What real estate strategy is ideal for Deputy, IN?
Deputy, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($232K prices, $864/mo rents) make it a reasonable choice.
Is the tenant base reliable in Deputy, IN?
The renter base in Deputy, IN is reasonable for the $864/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is house hacking profitable in Deputy, IN?
House hacking in Deputy, IN is reasonable to execute. Prices around $232K and rents of $864/mo solid owner-occupant economics.
How landlord-friendly is Deputy, IN?
The landlord environment in Deputy, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 47230 now. You don’t know where it ranks.
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How 47230 ranks in Madison, IN
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