Real Estate Investing in Edwardsport, Indiana (47528)
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Should you buy in 47528 (Edwardsport, IN)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
No major risk flags on the data we track.
• 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 Edwardsport, IN (47528)?
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Market Analysis: 47528 Edwardsport
ZIP 47528 inside Knox County looks affordable on the surface — median value of $145K — but the discount exists for reasons that a careful buyer should understand before committing.
The 47528 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader IN picture, 47528 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 47528 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.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Edwardsport:
Property Strategy for 47528
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $103,132 | $1,010 | 7.1% | +7.9% | $51,566 |
| 3BR | $141,928 | $1,280 | 6.5% | +9.4% | $47,309 |
Market Trends
Home Value History (with trend line)
📊 How Does 47528 Compare?
| Metric | 47528 | Edwardsport | Vincennes, IN | Indiana |
|---|---|---|---|---|
| Home Value | $145,317 | $134,361 | N/A | $248,442 |
| 5-Year CAGR | 8.4% | 8.3% | N/A | 7.7% |
| Avg Rent | $909 | $900 | N/A | - |
| Cap Rate | 4.9% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47528 (Edwardsport, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $145,317 |
| Monthly Rent | $909 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 13.3% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (4.9%). 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 47528
Population: 514
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
What kind of market is Edwardsport, IN for investors?
With a 3.0/5 investability score, Edwardsport, IN ranks as a solid market for rental property investors. Median prices of $145K and rents of $909/mo drive the underlying numbers.
What is the typical renter like in Edwardsport, IN?
The tenant pool in Edwardsport, IN is solid, supported by local employment and population fundamentals. Rents of $909/mo are well-absorbed by the market.
What are rental rates like in Edwardsport, IN?
Expect rents around $909/mo per month in Edwardsport, IN. With home values at $145K, the yield math works out to reasonable levels for rental investors.
Should investors worry about vacancy in Edwardsport, IN?
Rental vacancy in Edwardsport, IN is elevated. Investors should budget normal turnover but not chronic empty units.
Is rental property easy to operate in Edwardsport, IN?
For rental operators, Edwardsport, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 47528 now. You don’t know where it ranks.
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How 47528 ranks in Vincennes, IN
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