Real Estate Investing in Vernon, Indiana (47282)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47282 (Vernon, 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.
- High vacancy: 20.6% of homes vacant — above national norms.
• 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 Vernon, IN (47282)?
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Market Analysis: 47282 Vernon
Investors eyeing 47282 need to respect the fundamentals at play. Home values of $146K come alongside slower price movement and elevated management overhead.
The investment case in 47282 is resilient only for operators who understand what they are buying. A $146K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 47282 and stronger Vernon ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 47282 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Vernon's stable or hybrid ZIPs before stepping into 47282. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Vernon:
Market Trends
Home Value History (with trend line)
📊 How Does 47282 Compare?
| Metric | 47282 | Vernon | North Vernon, IN | Indiana |
|---|---|---|---|---|
| Home Value | $146,317 | $146,317 | N/A | $248,442 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47282 (Vernon, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,317 |
| Monthly Rent | $864 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (4.6%). 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 47282
Population: 224
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 47282
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Jennings County Middle School
North Vernon Elementary School
Sand Creek Elementary School
Brush Creek Elementary School
Jennings County High School
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
Which real estate strategy fits Vernon, IN?
Most investors in Vernon, IN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How much rent can I charge in Vernon, IN?
The typical rental in Vernon, IN commands about $864/mo monthly. That rent profile steady cash flow against the $146K purchase basis.
Are renters plentiful in Vernon, IN?
The renter base in Vernon, IN is reasonable for the $864/mo price point. Screening well and pricing to market typically yields reliable tenants.
Is Vernon, IN a good market for buy-and-hold investors?
With a 3.0/5 investability score, Vernon, IN ranks as a solid market for rental property investors. Median prices of $146K and rents of $864/mo drive the underlying numbers.
What price range are homes in Vernon, IN?
Typical homes in Vernon, IN go for around $146K. The 5-year CAGR of 0.0% even-keeled price movement.
You know 47282 now. You don’t know where it ranks.
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How 47282 ranks in North Vernon, IN
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