Real Estate Investing in Centerville, Indiana (47330)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47330 (Centerville, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Centerville, IN (47330)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47330 Centerville
The 47330 ZIP covers a section of Centerville that demands careful diligence. Prices near $219K look accessible, but the work to make a deal cash flow is real.
Stepping back, the numbers look inviting — $219K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47330 is substantial and deserves full respect.
In practical terms, 47330 offers a low basis, the region around Centerville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 47330 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. significant returns are possible in 47330, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Centerville:
Property Strategy for 47330
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $139,895 | $1,020 | 5.2% | +9.2% | $69,947 |
| 3BR | $205,250 | $1,270 | 4.5% | +8.7% | $68,417 |
| 4BR | $279,954 | $1,350 | 3.5% | +7.2% | $69,989 |
Market Trends
Home Value History (with trend line)
📊 How Does 47330 Compare?
| Metric | 47330 | Centerville | Richmond, IN | Indiana |
|---|---|---|---|---|
| Home Value | $218,627 | $218,627 | N/A | $248,442 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 7.7% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 47330 (Centerville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,627 |
| Monthly Rent | $918 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.3%). 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 47330
Population: 5,346
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 47330
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,552 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do experienced investors play Centerville, IN?
The best-fit strategy in Centerville, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How expensive is real estate in Centerville, IN?
Median home price in Centerville, IN is near $219K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Is vacancy a concern in Centerville, IN?
Expect elevated vacancy in Centerville, IN. Rents at $918/mo are absorbed by the tenant base without meaningful lag.
Can I live-in-and-rent in Centerville, IN?
House hacking in Centerville, IN is a challenging. With home values around $219K and rents at $918/mo, owner-occupants can offset a meaningful share of PITI.
What monthly rent should investors expect in Centerville, IN?
Average rent in Centerville, IN is approximately $918/mo per month. Against $219K home values that yields a reasonable rent-to-price ratio.
You know 47330 now. You don’t know where it ranks.
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How 47330 ranks in Richmond, IN
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