Real Estate Investing in Springport, Indiana (47386)
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Should you buy in 47386 (Springport, 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 Springport, IN (47386)?
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Market Analysis: 47386 Springport
Investors eyeing 47386 need to respect the fundamentals at play. Home values of $264K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $264K asset, 47386 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 47386's metrics run below Henry County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 47386 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 47386 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Springport:
Market Trends
Home Value History (with trend line)
📊 How Does 47386 Compare?
| Metric | 47386 | Springport | New Castle, IN | Indiana |
|---|---|---|---|---|
| Home Value | $264,310 | $264,310 | N/A | $248,442 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.7% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47386 (Springport, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $264,310 |
| Monthly Rent | $891 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.6%). 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 47386
Population: 1,210
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 rents high in Springport, IN?
Rents in Springport, IN run near $891/mo. Compared with median home prices of $264K that produces solid gross yields for typical rentals.
Is the tenant base reliable in Springport, IN?
The renter base in Springport, IN is reasonable for the $891/mo price point. Screening well and pricing to market typically yields steady tenants.
What is the investability score for Springport, IN?
Springport, IN reports an investability rating of 3.0/5, with median home values near $264K and average rents around $891/mo. That combination puts it in the robust tier for investor interest.
What investment strategy works best in Springport, IN?
Most investors in Springport, IN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the typical vacancy rate in Springport, IN?
Occupancy in Springport, IN runs reliable with elevated vacancy. Well-priced units at $891/mo lease on reasonable timelines.
You know 47386 now. You don’t know where it ranks.
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How 47386 ranks in New Castle, IN
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