Real Estate Investing in Bedford, Indiana (47470)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47470 (Bedford, 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: 18.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bedford, IN (47470)?
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Market Analysis: 47470 Bedford
ZIP 47470 inside Lawrence County looks affordable on the surface — median value of $216K — but the discount exists for reasons that a careful buyer should understand before committing.
Looking more closely, the numbers look inviting — $216K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47470 is substantial and deserves full respect.
In the broader IN picture, 47470 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 47470 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 47470 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 Bedford:
Property Strategy for 47470
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,407 | $1,000 | 4.9% | +7.1% | $74,203 |
| 3BR | $230,290 | $1,200 | 3.8% | +6.9% | $76,763 |
Market Trends
Home Value History (with trend line)
📊 How Does 47470 Compare?
| Metric | 47470 | Bedford | Bedford, IN | Indiana |
|---|---|---|---|---|
| Home Value | $216,374 | $214,028 | N/A | $248,442 |
| 5-Year CAGR | 4.6% | 4.9% | N/A | 7.7% |
| Avg Rent | $900 | $896 | N/A | - |
| Cap Rate | 3.2% | 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 47470 (Bedford, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $216,374 |
| Monthly Rent | $900 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.2%). 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 47470
Population: 1,441
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
How much rent can I charge in Bedford, IN?
Bedford, IN rentals go for roughly $900/mo a month. That puts gross yield in solid territory relative to $216K acquisition costs.
How much should I expect to pay for a home in Bedford, IN?
Typical homes in Bedford, IN go for around $216K. The 5-year CAGR of 0.0% even-keeled price movement.
What kind of vacancy should I budget for in Bedford, IN?
Occupancy in Bedford, IN runs measured with elevated vacancy. Well-priced units at $900/mo lease on reasonable timelines.
Which real estate strategy fits Bedford, IN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bedford, IN. The numbers - $216K homes against $900/mo rents - support that play.
Does Bedford, IN make sense for an investment property?
The 3.0/5 investability rating in Bedford, IN reflects its $216K prices and $900/mo rents. Investors generally consider it a solid option within IN.
You know 47470 now. You don’t know where it ranks.
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How 47470 ranks in Bedford, IN
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