Real Estate Investing in Saint Paul, Indiana (47272)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47272 (Saint Paul, 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: 11.3% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Saint Paul, IN (47272)?
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Market Analysis: 47272 Saint Paul
This part of Decatur County is not an easy win. The 47272 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 47272 is resilient only for operators who understand what they are buying. A $232K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 47272 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 47272 ZIP's population of 2,100 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
New investors are better served looking at Saint Paul's stable or hybrid ZIPs before stepping into 47272. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Saint Paul:
Property Strategy for 47272
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $164,915 | $1,110 | 4.8% | +10.2% | $82,458 |
| 3BR | $222,055 | $1,440 | 4.7% | +8.4% | $74,018 |
Market Trends
Home Value History (with trend line)
📊 How Does 47272 Compare?
| Metric | 47272 | Saint Paul | Greensburg, IN | Indiana |
|---|---|---|---|---|
| Home Value | $231,526 | $231,526 | N/A | $248,442 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.7% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 47272 (Saint Paul, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,526 |
| Monthly Rent | $999 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 47272
Population: 2,100
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 housing expensive in Saint Paul, IN?
Saint Paul, IN home values average about $232K. That price point suits investors targeting rentals with $999/mo in monthly income.
What is the renter demographic in Saint Paul, IN?
Saint Paul, IN offers a reliable renter base at the $999/mo rent level. Tenant turnover is reasonable for well-managed properties.
How does Saint Paul, IN rate as a rental market?
Saint Paul, IN rates 3.0/5 for investability. With median values at $232K and rents near $999/mo, the market offers reasonable fundamentals for rental investors.
What investment strategy works best in Saint Paul, IN?
In Saint Paul, IN the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $232K prices and $999/mo rents suits that approach.
Are landlord laws favorable in Saint Paul, IN?
Saint Paul, IN operates under IN law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
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