Real Estate Investing in Modoc, Indiana (47358)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47358 (Modoc, 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.
- Elevated vacancy: 10.9% 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 Modoc, IN (47358)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47358 Modoc
In practical terms, ZIP 47358 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $224K median. It rewards specialists, not generalists.
For an experienced owner, 47358 can be a a solid fit for hunting ground — but the discount at $224K reflects genuine risk that outside investors often underestimate.
In the broader IN picture, 47358 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 47358 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Modoc:
Market Trends
Home Value History (with trend line)
📊 How Does 47358 Compare?
| Metric | 47358 | Modoc | Indiana |
|---|---|---|---|
| Home Value | $224,476 | $224,476 | $248,442 |
| 5-Year CAGR | 7.2% | 7.2% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 47358 (Modoc, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47358 (Modoc, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $224,476 |
| Monthly Rent | $864 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 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 (3.0%). 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 47358
Population: 917
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 47358
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.
Frequently Asked Questions
Should investors consider Modoc, IN?
The 3.0/5 investability rating in Modoc, IN reflects its $224K prices and $864/mo rents. Investors generally consider it a solid option within IN.
What are vacancy rates like in Modoc, IN?
Vacancy in Modoc, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
What kind of tenants rent in Modoc, IN?
Modoc, IN offers a measured renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
How do landlord-tenant laws work in Modoc, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Modoc generally follows the statewide framework, so landlords face reasonable operating rules.
How do experienced investors play Modoc, IN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Modoc, IN. The numbers - $224K homes against $864/mo rents - support that play.
You know 47358 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47358 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.
AI Market Advisor
Ask questions about investing in 47358 (Modoc)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47358 (Modoc, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.