Real Estate Investing in Montpelier, Indiana (47359)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47359 (Montpelier, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 18.3% 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 Montpelier, IN (47359)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47359 Montpelier
The 47359 ZIP covers a section of Montpelier that demands careful diligence. Prices near $152K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 47359 can be a a viable market for hunting ground — but the discount at $152K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Montpelier have seen price recovery that 47359 has not matched. Blackford County data supports the view that the spread is structural rather than temporary.
The 47359 ZIP's population of 3,688 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Distressed ZIPs reward experience. durable returns are possible in 47359, 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 Montpelier:
Property Strategy for 47359
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $96,597 | $980 | 7.3% | +10.1% | $48,298 |
| 3BR | $151,766 | $1,280 | 6.1% | +10.0% | $50,589 |
| 4BR | $168,608 | $1,560 | 6.7% | +10.1% | $42,152 |
Market Trends
Home Value History (with trend line)
📊 How Does 47359 Compare?
| Metric | 47359 | Montpelier | Bluffton, IN | Indiana |
|---|---|---|---|---|
| Home Value | $151,693 | $151,693 | N/A | $248,442 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 7.7% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
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 47359 (Montpelier, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47359 (Montpelier, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $151,693 |
| Monthly Rent | $882 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 13.1% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +8.7% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (4.5%). 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 47359
Population: 3,688
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
How strong is Montpelier, IN for real estate investors?
Montpelier, IN rates 3.0/5 for investability. With median values at $152K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
What is the best play in Montpelier, IN?
For Montpelier, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Do rentals sit vacant long in Montpelier, IN?
Expect elevated vacancy in Montpelier, IN. Rents at $882/mo are absorbed by the tenant base without meaningful lag.
Is Montpelier, IN good for landlords?
Montpelier, IN falls under IN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much is rent in Montpelier, IN?
Montpelier, IN rentals go for roughly $882/mo a month. That puts gross yield in solid territory relative to $152K acquisition costs.
You know 47359 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47359 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 47359 ranks in Bluffton, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47359 (Montpelier)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47359 (Montpelier, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.