Real Estate Investing in Hartford City, Indiana (47348)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47348 (Hartford City, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 13.8% 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 Hartford City, IN (47348)?
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Market Analysis: 47348 Hartford City
ZIP 47348 in Hartford City, IN carries a substantial set of headwinds. Home values near $147K and rents of $864/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47348 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 47348 sits on the difficult end of the IN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
From a cash-flow lens, 8,986 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.
Distressed ZIPs reward experience. impressive returns are possible in 47348, 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 Hartford City:
Property Strategy for 47348
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $95,889 | $960 | 7.2% | +10.1% | $47,944 |
| 3BR | $153,253 | $1,270 | 6.0% | +10.5% | $51,084 |
| 4BR | $171,648 | $1,550 | 6.5% | +10.2% | $42,912 |
| 5BR | $213,574 | — | — | +9.9% | $42,715 |
Market Trends
Home Value History (with trend line)
📊 How Does 47348 Compare?
| Metric | 47348 | Hartford City | Indiana |
|---|---|---|---|
| Home Value | $147,302 | $147,302 | $248,442 |
| 5-Year CAGR | 8.4% | 8.4% | 7.7% |
| Avg Rent | $864 | $864 | - |
| 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 47348 (Hartford City, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,302 |
| Monthly Rent | $864 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 47348
Population: 8,986
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 47348
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
Frequently Asked Questions
What is the median home value in Hartford City, IN?
The median home value in Hartford City, IN is roughly $147K. That puts it reasonable relative to the IN statewide average.
How strong is tenant demand in Hartford City, IN?
Tenant demand in Hartford City, IN is solid. The local workforce $864/mo rents across most rental classes.
Does Hartford City, IN make sense for an investment property?
Our data puts Hartford City, IN at 3.0/5 for investability. Home prices of $147K and rents around $864/mo create a solid backdrop for investor activity.
Is Hartford City, IN better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Hartford City, IN. With home values at $147K and rents near $864/mo, other strategies can work but produce even-keeled rather than outsized returns.
Does house hacking work in Hartford City, IN?
The house hack math a challenging in Hartford City, IN. Owner-occupant buyers benefit from the $864/mo rents and $147K home values.
You know 47348 now. You don’t know where it ranks.
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