Real Estate Investing in Paris Crossing, Indiana (47270)
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Should you buy in 47270 (Paris Crossing, 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.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Paris Crossing, IN (47270)?
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Market Analysis: 47270 Paris Crossing
The 47270 ZIP in Paris Crossing, IN is a local-operator market. Outside capital chasing a $242K entry has to pair deep knowledge with the discount.
Meanwhile, the numbers look inviting — $242K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47270 is substantial and deserves full respect.
Put differently, 47270 offers a low basis, the region around Paris Crossing has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A robust renter share of 10% in 47270 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 47270 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 Paris Crossing:
Market Trends
Home Value History (with trend line)
📊 How Does 47270 Compare?
| Metric | 47270 | Paris Crossing | North Vernon, IN | Indiana |
|---|---|---|---|---|
| Home Value | $242,341 | $242,341 | N/A | $248,442 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.7% |
| Avg Rent | $891 | $891 | 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 47270 (Paris Crossing, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $242,341 |
| Monthly Rent | $891 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 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 (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 47270
Population: 543
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 Paris Crossing, IN a smart market for rental property?
With a 3.0/5 investability score, Paris Crossing, IN ranks as a solid market for rental property investors. Median prices of $242K and rents of $891/mo drive the underlying numbers.
How expensive is real estate in Paris Crossing, IN?
The median home value in Paris Crossing, IN is roughly $242K. That puts it reasonable relative to the IN statewide average.
How much rent can I charge in Paris Crossing, IN?
Paris Crossing, IN rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $242K acquisition costs.
Can I live-in-and-rent in Paris Crossing, IN?
The house hack math a challenging in Paris Crossing, IN. Owner-occupant buyers benefit from the $891/mo rents and $242K home values.
Which real estate strategy fits Paris Crossing, IN?
The best-fit strategy in Paris Crossing, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 47270 now. You don’t know where it ranks.
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How 47270 ranks in North Vernon, IN
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