Real Estate Investing in Scipio, Indiana (47273)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47273 (Scipio, 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.
- Elevated vacancy: 10.4% 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 Scipio, IN (47273)?
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Market Analysis: 47273 Scipio
On the rental side, ZIP 47273 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $260K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $260K asset, 47273 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Scipio have seen price recovery that 47273 has not matched. Jennings County data supports the view that the spread is structural rather than temporary.
Resident income in 47273 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
seems to 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 Scipio:
Property Strategy for 47273
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $207,722 | $1,150 | 4.0% | +8.8% | $103,861 |
| 3BR | $244,480 | $1,390 | 4.1% | +8.7% | $81,493 |
Market Trends
Home Value History (with trend line)
📊 How Does 47273 Compare?
| Metric | 47273 | Scipio | North Vernon, IN | Indiana |
|---|---|---|---|---|
| Home Value | $260,076 | $260,076 | N/A | $248,442 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 7.7% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 47273 (Scipio, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $260,076 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 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 (3.1%). 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 47273
Population: 1,838
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 47273
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
Should investors worry about vacancy in Scipio, IN?
Scipio, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
How do experienced investors play Scipio, IN?
The best-fit strategy in Scipio, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How does Scipio, IN stack up for property investment?
Yes - Scipio, IN a 3.0/5 investability score. With $260K home prices against $1,035/mo monthly rent, the market delivers a reasonable entry point for new investors.
What does house hacking look like in Scipio, IN?
For house hackers, Scipio, IN is a challenging. The $1,035/mo rent on a unit helps defray the mortgage on a $260K property.
What is the average monthly rent in Scipio, IN?
Rent in Scipio, IN is around $1,035/mo. The resulting rent-to-value relationship with $260K pricing is reasonable for most investor models.
You know 47273 now. You don’t know where it ranks.
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How 47273 ranks in North Vernon, IN
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