Real Estate Investing in Birdseye, Indiana (47513)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47513 (Birdseye, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 27.9% 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 Birdseye, IN (47513)?
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Market Analysis: 47513 Birdseye
ZIP 47513 in Birdseye, IN carries a impressive set of headwinds. Home values near $153K and rents of $927/mo sit inside a market where underwriting has to be tight.
The 47513 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within IN, ZIP 47513 trails on several market indicators that neighboring Dubois County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Who lives in 47513 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 47513 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Birdseye:
Property Strategy for 47513
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $214,581 | $1,030 | 3.5% | +10.6% | $107,290 |
| 3BR | $178,800 | $1,420 | 5.7% | +8.1% | $59,600 |
| 4BR | $287,889 | $1,690 | 4.2% | +6.3% | $71,972 |
Market Trends
Home Value History (with trend line)
📊 How Does 47513 Compare?
| Metric | 47513 | Birdseye | Jasper, IN | Indiana |
|---|---|---|---|---|
| Home Value | $152,876 | $152,876 | N/A | $248,442 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 7.7% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
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 47513 (Birdseye, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $152,876 |
| Monthly Rent | $927 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (4.7%). 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 47513
Population: 1,797
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 47513
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
Frequently Asked Questions
How tight is the rental market in Birdseye, IN?
Vacancy risk in Birdseye, IN is elevated. That supports consistent cash flow for typical rental holds.
How much does a house cost in Birdseye, IN?
Homes in Birdseye, IN typically sell near $153K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Is Birdseye in IN worth investing in?
Our data puts Birdseye, IN at 3.0/5 for investability. Home prices of $153K and rents around $927/mo create a solid backdrop for investor activity.
Does Birdseye, IN favor landlords or tenants?
Rental owners in Birdseye, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the average monthly rent in Birdseye, IN?
Expect rents around $927/mo per month in Birdseye, IN. With home values at $153K, the yield math works out to reasonable levels for rental investors.
You know 47513 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47513 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 47513 ranks in Jasper, IN
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Community Ratings
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