Real Estate Investing in Waldron, Indiana (47234)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47234 (Waldron, 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: 9.5% vacancy may signal weakening demand.
- Higher unemployment: 9.1% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Waldron, IN (47234)?
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Market Analysis: 47234 Waldron
Investors eyeing 47234 need to respect the fundamentals at play. Home values of $246K come alongside slower price movement and elevated management overhead.
The investment case in 47234 is notable only for operators who understand what they are buying. A $246K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 47234's metrics run below Shelby County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 47234 includes headwinds that any investor should price in. Income distribution skews lower than Waldron averages, and tenant stability requires active management.
The right play in 47234 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Waldron:
Property Strategy for 47234
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $171,478 | $1,260 | 5.3% | +10.2% | $85,739 |
| 3BR | $274,973 | $1,580 | 4.1% | +9.6% | $91,658 |
Market Trends
Home Value History (with trend line)
📊 How Does 47234 Compare?
| Metric | 47234 | Waldron | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $245,548 | $243,749 | N/A | $248,442 |
| 5-Year CAGR | 6.4% | 6.1% | N/A | 7.7% |
| Avg Rent | $1,134 | $1,269 | N/A | - |
| Cap Rate | 3.6% | 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 47234 (Waldron, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,548 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (3.6%). 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 47234
Population: 1,571
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
Frequently Asked Questions
Is Waldron, IN better for rentals, flips, or BRRRR?
For Waldron, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is it like being a landlord in Waldron, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Waldron generally follows the statewide framework, so landlords face reasonable operating rules.
Is Waldron in IN worth investing in?
Investors tracking Waldron, IN will find a 3.0/5 rating supported by $246K median home values and $1,134/mo rents. That profile suits long-term holders targeting consistent returns.
Can I house hack in Waldron, IN?
Waldron, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $246K price point reasonable to enter.
What kind of tenants rent in Waldron, IN?
Waldron, IN offers a reliable renter base at the $1,134/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 47234 now. You don’t know where it ranks.
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How 47234 ranks in Indianapolis-Carmel-Anderson, IN
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