Real Estate Investing in Coal City, Indiana (47427)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47427 (Coal 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.
- High vacancy: 45.6% 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 Coal City, IN (47427)?
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Market Analysis: 47427 Coal City
Put differently, ZIP 47427 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $206K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $206K asset, 47427 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Coal City have seen price recovery that 47427 has not matched. Owen County data supports the view that the spread is structural rather than temporary.
Demographically, 47427 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Coal City:
Property Strategy for 47427
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $152,023 | $960 | 4.5% | +5.8% | $76,012 |
| 3BR | $226,202 | $1,170 | 3.7% | +9.6% | $75,401 |
Market Trends
Home Value History (with trend line)
📊 How Does 47427 Compare?
| Metric | 47427 | Coal City | Bloomington, IN | Indiana |
|---|---|---|---|---|
| Home Value | $206,367 | $206,367 | N/A | $248,442 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 47427 (Coal City, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $206,367 |
| Monthly Rent | $864 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (3.3%). 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 47427
Population: 850
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 are vacancy rates like in Coal City, IN?
Vacancy in Coal City, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
What type of investing works in Coal City, IN?
A careful cash-flow rentals with hands-on management strategy Coal City, IN best. The market produces measured results for that approach at the $206K price point.
Is Coal City, IN a good place for real estate investing?
Coal City, IN stands at an investability rating of 3.0/5, with median home values near $206K and average rents around $864/mo. That combination puts it in the resilient tier for investor interest.
Is Coal City, IN good for house hacking?
House hacking in Coal City, IN is a challenging. With home values around $206K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
How much rent can I charge in Coal City, IN?
Coal City, IN rentals go for roughly $864/mo a month. That puts gross yield in solid territory relative to $206K acquisition costs.
You know 47427 now. You don’t know where it ranks.
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How 47427 ranks in Bloomington, IN
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