Real Estate Investing in Bedford, Indiana (47421)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47421 (Bedford, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Bedford, IN (47421)?
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Market Analysis: 47421 Bedford
Not every below-median market is a bargain. Bedford's 47421 ZIP shows signals that favor experienced operators who can absorb the risk $212K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47421 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within IN, ZIP 47421 trails on several market indicators that neighboring Lawrence County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Resident income in 47421 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 47421 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bedford:
Property Strategy for 47421
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $99,758 | $810 | 5.8% | +7.2% | $99,758 |
| 2BR | $148,039 | $990 | 4.8% | +8.8% | $74,019 |
| 3BR | $216,767 | $1,260 | 4.2% | +7.7% | $72,256 |
| 4BR | $291,244 | $1,500 | 3.7% | +7.4% | $72,811 |
| 5BR | $349,018 | — | — | +6.7% | $69,804 |
Market Trends
Home Value History (with trend line)
📊 How Does 47421 Compare?
| Metric | 47421 | Bedford | Bedford, IN | Indiana |
|---|---|---|---|---|
| Home Value | $211,682 | $214,028 | N/A | $248,442 |
| 5-Year CAGR | 5.2% | 4.9% | N/A | 7.7% |
| Avg Rent | $891 | $896 | 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 47421 (Bedford, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,682 |
| Monthly Rent | $891 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.3%). 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 47421
Population: 27,610
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 47421
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 strong are rents in Bedford, IN?
Bedford, IN rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $212K acquisition costs.
How strong is the working-renter base in Bedford, IN?
Working renters make up the core of the Bedford, IN tenant base. The pool is reasonable for investors targeting long-term holds.
What strategy should investors use in Bedford, IN?
Bedford, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($212K prices, $891/mo rents) make it a reasonable choice.
Does house hacking work in Bedford, IN?
House hacking in Bedford, IN is a challenging. With home values around $212K and rents at $891/mo, owner-occupants can offset a meaningful share of PITI.
Do landlords face vacancy issues in Bedford, IN?
Vacancy in Bedford, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $891/mo.
You know 47421 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47421 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 47421 ranks in Bedford, IN
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