Real Estate Investing in Ridgeville, Indiana (47380)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47380 (Ridgeville, 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.
- Elevated vacancy: 9.5% 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 Ridgeville, IN (47380)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47380 Ridgeville
ZIP 47380 inside Randolph County looks affordable on the surface — median value of $166K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $864/mo on a $166K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47380 sits below the stated 0.0% once reality is priced in.
The gap between 47380 and stronger Ridgeville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 47380 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 47380 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Ridgeville:
Property Strategy for 47380
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $119,151 | $960 | 5.8% | +10.3% | $59,575 |
| 3BR | $158,282 | $1,260 | 5.7% | +10.4% | $52,761 |
| 4BR | $168,081 | $1,270 | 5.4% | +9.4% | $42,020 |
Market Trends
Home Value History (with trend line)
📊 How Does 47380 Compare?
| Metric | 47380 | Ridgeville | Indiana |
|---|---|---|---|
| Home Value | $165,846 | $165,846 | $248,442 |
| 5-Year CAGR | 9.1% | 9.1% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47380 (Ridgeville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,846 |
| Monthly Rent | $864 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 13.2% |
📈 Home Appreciation
| 1-Year | +16.7% ▲ |
| 3-Year CAGR | +9.9% ▲ |
| 5-Year CAGR | +9.1% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (4.1%). 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 47380
Population: 1,537
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 47380
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.
Frequently Asked Questions
How do home values compare in Ridgeville, IN?
Homes in Ridgeville, IN typically sell near $166K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Is rental property easy to operate in Ridgeville, IN?
Landlord-friendliness in Ridgeville, IN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Can I house hack in Ridgeville, IN?
Ridgeville, IN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $864/mo rent level.
What are rental rates like in Ridgeville, IN?
Average rent in Ridgeville, IN is approximately $864/mo per month. Against $166K home values that yields a reasonable rent-to-price ratio.
How does Ridgeville, IN stack up for property investment?
Ridgeville, IN comes in at an investability rating of 3.0/5, with median home values near $166K and average rents around $864/mo. That combination puts it in the sturdy tier for investor interest.
You know 47380 now. You don’t know where it ranks.
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