Real Estate Investing in Ellettsville, Indiana (47429)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47429 (Ellettsville, IN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ellettsville, IN (47429)?
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Market Analysis: 47429 Ellettsville
Stepping back, ZIP 47429 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $282K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 47429 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 47429 sits on the difficult end of the IN spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 47429 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.
looks to 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 Ellettsville:
Property Strategy for 47429
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $202,009 | $1,110 | 4.0% | +6.6% | $101,004 |
| 3BR | $258,850 | $1,460 | 4.1% | +7.0% | $86,283 |
| 4BR | $359,613 | $1,740 | 3.5% | +6.9% | $89,903 |
Market Trends
Home Value History (with trend line)
📊 How Does 47429 Compare?
| Metric | 47429 | Ellettsville | Bloomington, IN | Indiana |
|---|---|---|---|---|
| Home Value | $281,620 | $281,620 | N/A | $248,442 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.7% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 47429 (Ellettsville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $281,620 |
| Monthly Rent | $999 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.8%). 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 47429
Population: 7,402
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 47429
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
Investor Insight: With 1,188 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Ellettsville, IN a friendly market for rental owners?
For rental operators, Ellettsville, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong is tenant demand in Ellettsville, IN?
Working renters make up the core of the Ellettsville, IN tenant base. The pool is reasonable for investors targeting long-term holds.
What approach is best for Ellettsville, IN real estate?
The best-fit strategy in Ellettsville, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the investability score for Ellettsville, IN?
Ellettsville, IN shows an investability rating of 3.0/5, with median home values near $282K and average rents around $999/mo. That combination puts it in the significant tier for investor interest.
What are home prices like in Ellettsville, IN?
Median home price in Ellettsville, IN is near $282K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
You know 47429 now. You don’t know where it ranks.
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How 47429 ranks in Bloomington, IN
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