Real Estate Investing in Cannelton, Indiana (47520)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47520 (Cannelton, 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: 17.0% 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 Cannelton, IN (47520)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47520 Cannelton
Investors eyeing 47520 need to respect the fundamentals at play. Home values of $163K come alongside slower price movement and elevated management overhead.
Rent of $927/mo on a $163K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47520 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Cannelton have seen price recovery that 47520 has not matched. Perry County data supports the view that the spread is structural rather than temporary.
Demographically, 47520 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Cannelton's stable or hybrid ZIPs before stepping into 47520. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Cannelton:
Property Strategy for 47520
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $117,201 | $1,030 | 6.3% | +8.9% | $58,600 |
| 3BR | $169,697 | $1,290 | 5.5% | +8.3% | $56,566 |
| 4BR | $218,689 | $1,730 | 5.7% | +7.1% | $54,672 |
Market Trends
Home Value History (with trend line)
📊 How Does 47520 Compare?
| Metric | 47520 | Cannelton | Indiana |
|---|---|---|---|
| Home Value | $162,886 | $162,886 | $248,442 |
| 5-Year CAGR | 6.5% | 6.5% | 7.7% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 4.4% | 4.4% | - |
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 47520 (Cannelton, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47520 (Cannelton, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $162,886 |
| Monthly Rent | $927 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 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 (4.4%). 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 47520
Population: 2,768
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 47520
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
What is the median home value in Cannelton, IN?
Typical homes in Cannelton, IN go for around $163K. The 5-year CAGR of 0.0% steady price movement.
What is the best play in Cannelton, IN?
For Cannelton, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is the tenant base reliable in Cannelton, IN?
The renter base in Cannelton, IN is reasonable for the $927/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Is Cannelton, IN good for landlords?
Cannelton, IN falls under IN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Cannelton, IN suited for a house hack?
For house hackers, Cannelton, IN is a challenging. The $927/mo rent on a unit helps defray the mortgage on a $163K property.
You know 47520 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47520 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.
AI Market Advisor
Ask questions about investing in 47520 (Cannelton)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47520 (Cannelton, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.