Real Estate Investing in North Vernon, Indiana (47265)
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Should you buy in 47265 (North Vernon, 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.
What’s happening in North Vernon, IN (47265)?
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Market Analysis: 47265 North Vernon
ZIP 47265 inside Jennings County looks affordable on the surface — median value of $219K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 47265 is significant only for operators who understand what they are buying. A $219K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 47265 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 47265 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in North Vernon:
Property Strategy for 47265
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $146,419 | $970 | 4.8% | +9.5% | $73,210 |
| 3BR | $212,480 | $1,350 | 4.6% | +8.3% | $70,827 |
| 4BR | $274,799 | $1,580 | 4.1% | +8.3% | $68,700 |
| 5BR | $342,415 | — | — | +7.7% | $68,483 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47265 Compare?
| Metric | 47265 | North Vernon | North Vernon, IN | Indiana |
|---|---|---|---|---|
| Home Value | $219,061 | $219,061 | N/A | $248,442 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.7% |
| Avg Rent | $950 | $950 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47265 (North Vernon, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $219,061 |
| Monthly Rent | $950 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.4%). 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 47265
Population: 20,981
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 47265
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
How does North Vernon, IN stack up for property investment?
North Vernon, IN scores 3.0/5 for investability. Home values sit at $219K and rents near $950/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Which real estate strategy fits North Vernon, IN?
In North Vernon, IN the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $219K prices and $950/mo rents suits that approach.
How much do tenants pay in North Vernon, IN?
Average rent in North Vernon, IN is approximately $950/mo per month. Against $219K home values that yields a reasonable rent-to-price ratio.
What kind of tenants rent in North Vernon, IN?
Expect a solid tenant pool in North Vernon, IN. The rental market absorbs $950/mo rents without meaningful friction.
What is the rental occupancy rate in North Vernon, IN?
North Vernon, IN carries elevated vacancy risk. Expect steady absorption at market rents of $950/mo.
You know 47265 now. You don’t know where it ranks.
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How 47265 ranks in North Vernon, IN
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