Real Estate Investing in Celestine, Indiana (47521)
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Should you buy in 47521 (Celestine, 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 price-to-rent: Price-to-rent ratio 27.5 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Celestine, IN (47521)?
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Market Analysis: 47521 Celestine
Not every below-median market is a bargain. Celestine's 47521 ZIP sits at signals that favor experienced operators who can absorb the risk $300K pricing implies.
For an experienced owner, 47521 can be a an appealing option for hunting ground — but the discount at $300K reflects genuine risk that outside investors often underestimate.
ZIP 47521's metrics run below Dubois County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 47521 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.
Strategy in 47521 is an operator game, not a passive one. From an investor standpoint, entry prices of $300K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Celestine:
Market Trends
Home Value History (with trend line)
📊 How Does 47521 Compare?
| Metric | 47521 | Celestine | Jasper, IN | Indiana |
|---|---|---|---|---|
| Home Value | $299,904 | $285,559 | N/A | $248,442 |
| 5-Year CAGR | 6.5% | 6.1% | N/A | 7.7% |
| Avg Rent | $909 | $887 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47521 (Celestine, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $299,904 |
| Monthly Rent | $909 |
| Price-to-Rent | 27.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.4%). 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 47521
Population: 750
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
Is Celestine, IN a good place for real estate investing?
Celestine, IN registers an investability rating of 3.0/5, with median home values near $300K and average rents around $909/mo. That combination puts it in the notable tier for investor interest.
What strategy should investors use in Celestine, IN?
A careful cash-flow rentals with hands-on management strategy Celestine, IN best. The market produces stable results for that approach at the $300K price point.
What kind of tenants rent in Celestine, IN?
Tenant quality in Celestine, IN ranks as solid. Landlords generally report measured occupancy at market rents of $909/mo.
How quickly do rentals get leased in Celestine, IN?
Celestine, IN carries elevated vacancy risk. Expect stable absorption at market rents of $909/mo.
Is Celestine, IN a good market for FHA house hackers?
Celestine, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $300K price point reasonable to enter.
You know 47521 now. You don’t know where it ranks.
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How 47521 ranks in Jasper, IN
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