Real Estate Investing in Economy, Indiana (47339)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47339 (Economy, IN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
• 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 Economy, IN (47339)?
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Market Analysis: 47339 Economy
ZIP 47339 inside Wayne County looks affordable on the surface — median value of $235K — but the discount exists for reasons that a careful buyer should understand before committing.
The 47339 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
From a cash-flow lens, 47339 offers a low basis, the region around Economy has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Meanwhile, 450 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, 47339 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 Economy:
Market Trends
Home Value History (with trend line)
📊 How Does 47339 Compare?
| Metric | 47339 | Economy | Richmond, IN | Indiana |
|---|---|---|---|---|
| Home Value | $234,652 | $234,652 | N/A | $248,442 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 7.7% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47339 (Economy, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $234,652 |
| Monthly Rent | $945 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 47339
Population: 450
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
🎓 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
Is real estate in Economy, IN a good investment right now?
Economy, IN scores 3.0/5 for investability. Home values sit at $235K and rents near $945/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What kind of vacancy should I budget for in Economy, IN?
Occupancy in Economy, IN runs stable with elevated vacancy. Well-priced units at $945/mo lease on reasonable timelines.
Where do home prices stand in Economy, IN?
Economy, IN home values average about $235K. That price point suits investors targeting rentals with $945/mo in monthly income.
What strategy should investors use in Economy, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Economy, IN. With home values at $235K and rents near $945/mo, other strategies can work but produce stable rather than outsized returns.
What is the typical rental rate in Economy, IN?
Investors in Economy, IN typically see rents near $945/mo per month against $235K home values - a solid setup for rental cash flow.
You know 47339 now. You don’t know where it ranks.
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How 47339 ranks in Richmond, IN
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