Real Estate Investing in Batesville, Indiana (47006)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47006 (Batesville, 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 price-to-rent: Price-to-rent ratio 29.4 — 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 Batesville, IN (47006)?
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Market Analysis: 47006 Batesville
The 47006 ZIP in Batesville, IN is a local-operator market. Outside capital chasing a $334K entry has to pair deep knowledge with the discount.
Rent of $945/mo on a $334K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47006 sits below the stated 0.0% once reality is priced in.
The gap between 47006 and stronger Batesville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A healthy renter share of 22% in 47006 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 47006 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 Batesville:
Property Strategy for 47006
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $222,903 | $1,050 | 3.4% | +8.0% | $111,452 |
| 3BR | $302,098 | $1,390 | 3.3% | +7.4% | $100,699 |
| 4BR | $384,752 | $1,390 | 2.6% | +6.8% | $96,188 |
| 5BR | $488,919 | — | — | +6.1% | $97,784 |
Market Trends
Home Value History (with trend line)
📊 How Does 47006 Compare?
| Metric | 47006 | Batesville | Cincinnati, OH-KY-IN | Indiana |
|---|---|---|---|---|
| Home Value | $333,656 | $333,656 | N/A | $248,442 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.7% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 47006 (Batesville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $333,656 |
| Monthly Rent | $945 |
| Price-to-Rent | 29.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 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 (2.2%). 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 47006
Population: 12,607
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 47006
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
Which investment style suits Batesville, IN?
A careful cash-flow rentals with hands-on management strategy Batesville, IN best. The market produces stable results for that approach at the $334K price point.
Are eviction rules reasonable in Batesville, IN?
For rental operators, Batesville, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Should investors consider Batesville, IN?
With a 3.0/5 investability score, Batesville, IN ranks as a solid market for rental property investors. Median prices of $334K and rents of $945/mo drive the underlying numbers.
Does a duplex house hack pencil in Batesville, IN?
The a challenging house-hack environment in Batesville, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is vacancy a concern in Batesville, IN?
Rental vacancy in Batesville, IN is elevated. Investors should budget normal turnover but not chronic empty units.
You know 47006 now. You don’t know where it ranks.
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How 47006 ranks in Cincinnati, OH-KY-IN
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