Real Estate Investing in Williamsburg, Indiana (47393)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47393 (Williamsburg, 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.
- High vacancy: 15.2% of homes vacant — above national norms.
- Higher unemployment: 7.3% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Williamsburg, IN (47393)?
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Market Analysis: 47393 Williamsburg
ZIP 47393 inside Wayne County looks affordable on the surface — median value of $255K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47393 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 47393 sits on the difficult end of the IN spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Meanwhile, 1,595 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 47393 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 Williamsburg:
Property Strategy for 47393
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $159,192 | $1,340 | 6.1% | +8.2% | $79,596 |
| 3BR | $252,512 | $1,680 | 4.8% | +8.4% | $84,171 |
| 4BR | $308,168 | $1,780 | 4.2% | +7.3% | $77,042 |
Market Trends
Home Value History (with trend line)
📊 How Does 47393 Compare?
| Metric | 47393 | Williamsburg | Richmond, IN | Indiana |
|---|---|---|---|---|
| Home Value | $254,738 | $254,738 | N/A | $248,442 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.7% |
| Avg Rent | $1,206 | $1,206 | N/A | - |
| 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 47393 (Williamsburg, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $254,738 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 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 47393
Population: 1,595
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 1,552 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Williamsburg, IN a friendly market for rental owners?
For rental operators, Williamsburg, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are renters plentiful in Williamsburg, IN?
Working renters make up the core of the Williamsburg, IN tenant base. The pool is reasonable for investors targeting long-term holds.
What are home prices like in Williamsburg, IN?
Median home price in Williamsburg, IN is near $255K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Which investment style suits Williamsburg, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Williamsburg, IN. With home values at $255K and rents near $1,206/mo, other strategies can work but produce predictable rather than outsized returns.
What is the typical rental rate in Williamsburg, IN?
Investors in Williamsburg, IN typically see rents near $1,206/mo per month against $255K home values - a solid setup for rental cash flow.
You know 47393 now. You don’t know where it ranks.
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How 47393 ranks in Richmond, IN
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