Real Estate Investing in Saratoga, Indiana (47382)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47382 (Saratoga, 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.
- High vacancy: 12.7% of homes vacant — above national norms.
• 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 Saratoga, IN (47382)?
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Market Analysis: 47382 Saratoga
In Saratoga's 47382 ZIP, the arithmetic favors hands-on owners. Median home values posts $72K, leaving spread for capex-heavy BRRRR or reposition strategies.
Flippers and value-add operators have treated 47382 as a working ZIP for a reason. Entry prices around $72K and a deep rental base of 42% renters underpin the exit strategy on both the sale and rent sides.
In Randolph County, 47382 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
Residents in 47382 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
ZIP 47382 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Saratoga:
Market Trends
Home Value History (with trend line)
📊 How Does 47382 Compare?
| Metric | 47382 | Saratoga | Indiana |
|---|---|---|---|
| Home Value | $72,454 | $72,454 | $248,442 |
| 5-Year CAGR | 10.0% | 10.0% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 9.3% | 9.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47382 (Saratoga, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $72,454 |
| Monthly Rent | $864 |
| Price-to-Rent | 7.0:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.3% |
| Cap Rate | 9.3% |
| 5-Year IRR | 19.3% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +10.0% ▲ |
| 10-Year CAGR | +11.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.3%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47382
Population: 188
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
Does the 1% rule work in Saratoga, IN?
Yes, many Saratoga, IN properties clear the 1% rule. The rent-to-price ratio averages 1.19%, supported by $864/mo rents.
How does Saratoga, IN stack up for property investment?
With a 5.0/5 investability score, Saratoga, IN ranks as a solid market for rental property investors. Median prices of $72K and rents of $864/mo drive the underlying numbers.
Is housing expensive in Saratoga, IN?
Typical homes in Saratoga, IN go for around $72K. The 5-year CAGR of 0.0% even-keeled price movement.
What monthly rent should investors expect in Saratoga, IN?
Rents in Saratoga, IN run near $864/mo. Compared with median home prices of $72K that produces solid gross yields for typical rentals.
Does house hacking make sense in Saratoga, IN?
For house hackers, Saratoga, IN is an attractive. The $864/mo rent on a unit helps defray the mortgage on a $72K property.
You know 47382 now. You don’t know where it ranks.
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