Real Estate Investing in Freetown, Indiana (47235)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47235 (Freetown, 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: 21.3% of homes vacant — above national norms.
- Higher unemployment: 7.3% 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 Freetown, IN (47235)?
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Market Analysis: 47235 Freetown
The 47235 ZIP in Freetown, IN is a local-operator market. Outside capital chasing a $263K entry has to pair deep knowledge with the discount.
The investment case in 47235 is healthy only for operators who understand what they are buying. A $263K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 47235 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 47235 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 47235 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Freetown:
Property Strategy for 47235
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $193,419 | $1,100 | 4.1% | +9.3% | $96,709 |
| 3BR | $263,335 | $1,440 | 3.9% | +8.5% | $87,778 |
Market Trends
Home Value History (with trend line)
📊 How Does 47235 Compare?
| Metric | 47235 | Freetown | Seymour, IN | Indiana |
|---|---|---|---|---|
| Home Value | $263,059 | $263,059 | N/A | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.7% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47235 (Freetown, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $263,059 |
| Monthly Rent | $990 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 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 (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 47235
Population: 1,658
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
How expensive is real estate in Freetown, IN?
Median home price in Freetown, IN is near $263K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Is Freetown, IN a friendly market for rental owners?
Freetown, IN falls under IN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is it easy to find good tenants in Freetown, IN?
The renter base in Freetown, IN is reasonable for the $990/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is Freetown, IN good for house hacking?
House hacking in Freetown, IN is a challenging. With home values around $263K and rents at $990/mo, owner-occupants can offset a meaningful share of PITI.
Do rentals sit vacant long in Freetown, IN?
Expect elevated vacancy in Freetown, IN. Rents at $990/mo are absorbed by the tenant base without meaningful lag.
You know 47235 now. You don’t know where it ranks.
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How 47235 ranks in Seymour, IN
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