Real Estate Investing in Cambridge City, Indiana (47327)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47327 (Cambridge City, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cambridge City, IN (47327)?
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Market Analysis: 47327 Cambridge City
ZIP 47327 in Cambridge City, IN carries a healthy set of headwinds. Home values near $185K and rents of $864/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 47327 can be a a credible choice for hunting ground — but the discount at $185K reflects genuine risk that outside investors often underestimate.
The gap between 47327 and stronger Cambridge City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 47327 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. durable returns are possible in 47327, 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 Cambridge City:
Property Strategy for 47327
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,181 | $960 | 5.8% | +8.6% | $60,090 |
| 3BR | $188,165 | $1,190 | 4.6% | +7.8% | $62,722 |
| 4BR | $232,365 | $1,270 | 3.9% | +7.8% | $58,091 |
Market Trends
Home Value History (with trend line)
📊 How Does 47327 Compare?
| Metric | 47327 | Cambridge City | Indiana |
|---|---|---|---|
| Home Value | $184,817 | $184,817 | $248,442 |
| 5-Year CAGR | 6.8% | 6.8% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 47327 (Cambridge City, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,817 |
| Monthly Rent | $864 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.7%). 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 47327
Population: 4,384
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 47327
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do rents currently stand in Cambridge City, IN?
The typical rental in Cambridge City, IN commands about $864/mo monthly. That rent profile even-keeled cash flow against the $185K purchase basis.
Is it easy to find good tenants in Cambridge City, IN?
The renter base in Cambridge City, IN is reasonable for the $864/mo price point. Screening well and pricing to market typically yields measured tenants.
How strong is Cambridge City, IN for real estate investors?
Cambridge City, IN scores 3.0/5 for investability. Home values sit at $185K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Can I live-in-and-rent in Cambridge City, IN?
House hacking in Cambridge City, IN is a challenging. With home values around $185K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
Is Cambridge City, IN better for rentals, flips, or BRRRR?
For Cambridge City, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 47327 now. You don’t know where it ranks.
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