Real Estate Investing in Lynn, Indiana (47355)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47355 (Lynn, IN)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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 Lynn, IN (47355)?
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Market Analysis: 47355 Lynn
This part of Randolph County is not an easy win. The 47355 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 47355 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader IN picture, 47355 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 47355 ZIP's population of 2,966 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
New investors are better served looking at Lynn's stable or hybrid ZIPs before stepping into 47355. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lynn:
Property Strategy for 47355
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $113,169 | $960 | 6.1% | +8.3% | $56,585 |
| 3BR | $166,699 | $1,260 | 5.4% | +8.6% | $55,566 |
| 4BR | $198,721 | $1,270 | 4.6% | +8.2% | $49,680 |
Market Trends
Home Value History (with trend line)
📊 How Does 47355 Compare?
| Metric | 47355 | Lynn | Indiana |
|---|---|---|---|
| Home Value | $175,549 | $175,549 | $248,442 |
| 5-Year CAGR | 7.4% | 7.4% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 47355 (Lynn, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,549 |
| Monthly Rent | $864 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.8%). 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 47355
Population: 2,966
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 47355
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 does Lynn, IN rate as a rental market?
Lynn, IN rates 3.0/5 for investability. With median values at $176K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
What kind of vacancy should I budget for in Lynn, IN?
Occupancy in Lynn, IN runs steady with elevated vacancy. Well-priced units at $864/mo lease on reasonable timelines.
How much do tenants pay in Lynn, IN?
Rent in Lynn, IN is around $864/mo. The resulting rent-to-value relationship with $176K pricing is reasonable for most investor models.
How qualified is the tenant pool in Lynn, IN?
Expect a solid tenant pool in Lynn, IN. The rental market absorbs $864/mo rents without meaningful friction.
What is it like being a landlord in Lynn, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Lynn generally follows the statewide framework, so landlords face reasonable operating rules.
You know 47355 now. You don’t know where it ranks.
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