Real Estate Investing in Bristow, Indiana (47515)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47515 (Bristow, IN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.0% 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 Bristow, IN (47515)?
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Market Analysis: 47515 Bristow
The 47515 ZIP in Bristow, IN is a local-operator market. Outside capital chasing a $244K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47515 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader IN picture, 47515 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 47515 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 47515 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 Bristow:
Market Trends
Home Value History (with trend line)
📊 How Does 47515 Compare?
| Metric | 47515 | Bristow | Indiana |
|---|---|---|---|
| Home Value | $244,326 | $233,273 | $248,442 |
| 5-Year CAGR | 3.6% | 4.4% | 7.7% |
| Avg Rent | $936 | $963 | - |
| Cap Rate | 3.0% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47515 (Bristow, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $244,326 |
| Monthly Rent | $936 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.0%). 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 47515
Population: 1,196
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Can owner-occupants cash flow in Bristow, IN?
Bristow, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $244K price point reasonable to enter.
Is Bristow, IN better for rentals, flips, or BRRRR?
For Bristow, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical home price in Bristow, IN?
In Bristow, IN the median home value sits at $244K. Against the broader IN market, that reads as reasonable for most investors.
How landlord-friendly is Bristow, IN?
The landlord environment in Bristow, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong are rents in Bristow, IN?
The typical rental in Bristow, IN commands about $936/mo monthly. That rent profile measured cash flow against the $244K purchase basis.
You know 47515 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47515 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.
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