Real Estate Investing in Mount Summit, Indiana (47361)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47361 (Mount Summit, 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.
• 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 Mount Summit, IN (47361)?
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Market Analysis: 47361 Mount Summit
The 47361 ZIP covers a section of Mount Summit that demands careful diligence. Prices near $157K look accessible, but the work to make a deal cash flow is real.
Rent of $972/mo on a $157K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47361 sits below the stated 0.0% once reality is priced in.
Regionally, 47361 sits on the difficult end of the IN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The 47361 ZIP's population of 268 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Distressed ZIPs reward experience. notable returns are possible in 47361, 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 Mount Summit:
Market Trends
Home Value History (with trend line)
📊 How Does 47361 Compare?
| Metric | 47361 | Mount Summit | New Castle, IN | Indiana |
|---|---|---|---|---|
| Home Value | $156,878 | $156,878 | N/A | $248,442 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 7.7% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47361 (Mount Summit, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $156,878 |
| Monthly Rent | $972 |
| Price-to-Rent | 13.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 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 (4.8%). 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 47361
Population: 268
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
Investor Insight: With 1,042 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Mount Summit, IN?
Mount Summit, IN median home values land near $157K. That is reasonable territory for investors looking at $972/mo-per-month rentals.
Is real estate in Mount Summit, IN a good investment right now?
Mount Summit, IN rates 3.0/5 for investability. With median values at $157K and rents near $972/mo, the market offers reasonable fundamentals for rental investors.
Is it easy to find good tenants in Mount Summit, IN?
The renter base in Mount Summit, IN is reasonable for the $972/mo price point. Screening well and pricing to market typically yields consistent tenants.
How landlord-friendly is Mount Summit, IN?
The landlord environment in Mount Summit, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Should investors worry about vacancy in Mount Summit, IN?
Mount Summit, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
You know 47361 now. You don’t know where it ranks.
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How 47361 ranks in New Castle, IN
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