Real Estate Investing in Fountain City, Indiana (47341)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47341 (Fountain City, 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 Fountain City, IN (47341)?
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Market Analysis: 47341 Fountain City
ZIP 47341 in Fountain City, IN carries a sturdy set of headwinds. Home values near $229K and rents of $864/mo sit inside a market where underwriting has to be tight.
Rent of $864/mo on a $229K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47341 sits below the stated 0.0% once reality is priced in.
ZIP 47341's metrics run below Wayne County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 47341 includes headwinds that any investor should price in. Income distribution skews lower than Fountain City averages, and tenant stability requires active management.
Strategically, 47341 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 Fountain City:
Property Strategy for 47341
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $139,285 | $960 | 5.0% | +8.7% | $69,642 |
| 3BR | $219,697 | $1,190 | 3.9% | +8.3% | $73,232 |
| 4BR | $249,118 | $1,270 | 3.7% | +8.3% | $62,280 |
Market Trends
Home Value History (with trend line)
📊 How Does 47341 Compare?
| Metric | 47341 | Fountain City | Richmond, IN | Indiana |
|---|---|---|---|---|
| Home Value | $229,065 | $229,065 | N/A | $248,442 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 47341 (Fountain City, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $229,065 |
| Monthly Rent | $864 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 47341
Population: 2,513
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 47341
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
What is the typical vacancy rate in Fountain City, IN?
Fountain City, IN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Fountain City in IN worth investing in?
Our data puts Fountain City, IN at 3.0/5 for investability. Home prices of $229K and rents around $864/mo create a solid backdrop for investor activity.
Is Fountain City, IN better for rentals, flips, or BRRRR?
Fountain City, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($229K prices, $864/mo rents) make it a reasonable choice.
How strict are landlord regulations in Fountain City, IN?
Rental owners in Fountain City, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How deep is the rental pool in Fountain City, IN?
The tenant pool in Fountain City, IN is solid, supported by local employment and population fundamentals. Rents of $864/mo are well-absorbed by the market.
You know 47341 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47341 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 47341 ranks in Richmond, IN
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