Real Estate Investing in Milton, Indiana (47357)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47357 (Milton, 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 Milton, IN (47357)?
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Market Analysis: 47357 Milton
The 47357 ZIP in Milton, IN is a local-operator market. Outside capital chasing a $215K entry has to pair deep knowledge with the discount.
Rent of $864/mo on a $215K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47357 sits below the stated 0.0% once reality is priced in.
The gap between 47357 and stronger Milton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A robust renter share of 15% in 47357 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 47357 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Milton:
Property Strategy for 47357
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $208,747 | $1,190 | 4.1% | +8.7% | $69,582 |
| 4BR | $251,551 | $1,270 | 3.6% | +8.0% | $62,888 |
Market Trends
Home Value History (with trend line)
📊 How Does 47357 Compare?
| Metric | 47357 | Milton | Richmond, IN | Indiana |
|---|---|---|---|---|
| Home Value | $215,154 | $215,154 | N/A | $248,442 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 47357 (Milton, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,154 |
| Monthly Rent | $864 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 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 (3.1%). 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 47357
Population: 1,184
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
Frequently Asked Questions
What is the renter demographic in Milton, IN?
Milton, IN offers a consistent renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is house hacking profitable in Milton, IN?
House hacking in Milton, IN is reasonable to execute. Prices around $215K and rents of $864/mo solid owner-occupant economics.
What is the average home sale price in Milton, IN?
Expect median prices around $215K in Milton, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Does Milton, IN favor landlords or tenants?
Rental owners in Milton, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Do landlords face vacancy issues in Milton, IN?
Expect elevated vacancy in Milton, IN. Rents at $864/mo are absorbed by the tenant base without meaningful lag.
You know 47357 now. You don’t know where it ranks.
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How 47357 ranks in Richmond, IN
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