Real Estate Investing in Unionville, Indiana (47468)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47468 (Unionville, 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: 27.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Unionville, IN (47468)?
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Market Analysis: 47468 Unionville
ZIP 47468 in Unionville, IN carries a sturdy set of headwinds. Home values near $375K and rents of $1,098/mo sit inside a market where underwriting has to be tight.
From an investor standpoint, the numbers look inviting — $375K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47468 is substantial and deserves full respect.
Statewide comparisons place 47468 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 47468 includes headwinds that any investor should price in. Income distribution skews lower than Unionville averages, and tenant stability requires active management.
Distressed ZIPs reward experience. notable returns are possible in 47468, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Unionville:
Property Strategy for 47468
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $305,496 | $1,220 | 2.9% | +7.9% | $152,748 |
| 3BR | $398,901 | $1,580 | 2.9% | +8.2% | $132,967 |
Market Trends
Home Value History (with trend line)
📊 How Does 47468 Compare?
| Metric | 47468 | Unionville | Bloomington, IN | Indiana |
|---|---|---|---|---|
| Home Value | $374,596 | $374,596 | N/A | $248,442 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.7% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 47468 (Unionville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $374,596 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.3%). 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 47468
Population: 1,195
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 47468
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
How tight is the rental market in Unionville, IN?
Vacancy risk in Unionville, IN is elevated. That supports steady cash flow for typical rental holds.
How strict are landlord regulations in Unionville, IN?
Unionville, IN operates under IN law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How does Unionville, IN stack up for property investment?
Yes - Unionville, IN a 3.0/5 investability score. With $375K home prices against $1,098/mo monthly rent, the market delivers a reasonable entry point for new investors.
Does house hacking work in Unionville, IN?
House hacking in Unionville, IN is reasonable to execute. Prices around $375K and rents of $1,098/mo solid owner-occupant economics.
Is Unionville, IN better for rentals, flips, or BRRRR?
Unionville, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($375K prices, $1,098/mo rents) make it a reasonable choice.
You know 47468 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47468 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 47468 ranks in Bloomington, IN
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