Real Estate Investing in Vallonia, Indiana (47281)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47281 (Vallonia, 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 vacancy: 18.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Vallonia, IN (47281)?
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Market Analysis: 47281 Vallonia
ZIP 47281 in Vallonia, IN carries a notable set of headwinds. Home values near $241K and rents of $900/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $241K asset, 47281 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 47281's metrics run below Washington County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
In practical terms, 1,504 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 47281 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Vallonia:
Property Strategy for 47281
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $161,768 | $1,000 | 4.5% | +7.8% | $80,884 |
| 3BR | $252,101 | $1,230 | 3.5% | +7.8% | $84,034 |
Market Trends
Home Value History (with trend line)
📊 How Does 47281 Compare?
| Metric | 47281 | Vallonia | Indiana |
|---|---|---|---|
| Home Value | $241,350 | $241,350 | $248,442 |
| 5-Year CAGR | 6.5% | 6.5% | 7.7% |
| Avg Rent | $900 | $900 | - |
| 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 47281 (Vallonia, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $241,350 |
| Monthly Rent | $900 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 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 (2.9%). 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 47281
Population: 1,504
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
What are rental rates like in Vallonia, IN?
Average rent in Vallonia, IN is approximately $900/mo per month. Against $241K home values that yields a reasonable rent-to-price ratio.
Does house hacking work in Vallonia, IN?
House hacking works a challenging in Vallonia, IN. Rents of $900/mo against $241K acquisition make the strategy solid for owner-occupants.
How does Vallonia, IN rate as a rental market?
Vallonia, IN scores 3.0/5 for investability. Home values sit at $241K and rents near $900/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is vacancy a concern in Vallonia, IN?
Expect elevated vacancy in Vallonia, IN. Rents at $900/mo are absorbed by the tenant base without meaningful lag.
What is the median home value in Vallonia, IN?
Typical homes in Vallonia, IN go for around $241K. The 5-year CAGR of 0.0% consistent price movement.
You know 47281 now. You don’t know where it ranks.
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How 47281 ranks in Louisville/Jefferson County, KY-IN
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