Real Estate Investing in Pennville, Indiana (47369)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47369 (Pennville, 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 Pennville, IN (47369)?
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Market Analysis: 47369 Pennville
ZIP 47369 in Pennville, IN carries a significant set of headwinds. Home values near $171K and rents of $1,035/mo sit inside a market where underwriting has to be tight.
Rent of $1,035/mo on a $171K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47369 sits below the stated 0.0% once reality is priced in.
Stepping back, 47369 offers a low basis, the region around Pennville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 47369 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. significant returns are possible in 47369, 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 Pennville:
Property Strategy for 47369
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $111,791 | $1,150 | 7.4% | +8.1% | $55,896 |
| 3BR | $166,647 | $1,520 | 6.6% | +9.1% | $55,549 |
Market Trends
Home Value History (with trend line)
📊 How Does 47369 Compare?
| Metric | 47369 | Pennville | Indiana |
|---|---|---|---|
| Home Value | $170,972 | $170,972 | $248,442 |
| 5-Year CAGR | 7.4% | 7.4% | 7.7% |
| Avg Rent | $1,035 | $1,035 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 47369 (Pennville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $170,972 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (4.7%). 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 47369
Population: 1,216
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
Frequently Asked Questions
What real estate strategy is ideal for Pennville, IN?
For Pennville, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How does Pennville, IN stack up for property investment?
Pennville, IN posts an investability rating of 3.0/5, with median home values near $171K and average rents around $1,035/mo. That combination puts it in the resilient tier for investor interest.
What is the typical home price in Pennville, IN?
Homes in Pennville, IN typically sell near $171K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
Does Pennville, IN favor landlords or tenants?
Pennville, IN operates under IN law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
Do rentals sit vacant long in Pennville, IN?
Rental vacancy in Pennville, IN is elevated. Investors should budget normal turnover but not chronic empty units.
You know 47369 now. You don’t know where it ranks.
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