Real Estate Investing in Leopold, Indiana (47551)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47551 (Leopold, 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: 19.4% of homes vacant — above national norms.
• 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 Leopold, IN (47551)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47551 Leopold
In practical terms, ZIP 47551 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $225K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47551 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within IN, ZIP 47551 trails on several market indicators that neighboring Perry County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Demographically, 47551 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.
looks 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 Leopold:
Market Trends
Home Value History (with trend line)
📊 How Does 47551 Compare?
| Metric | 47551 | Leopold | Indiana |
|---|---|---|---|
| Home Value | $225,146 | $225,146 | $248,442 |
| 5-Year CAGR | 5.4% | 5.4% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47551 (Leopold, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,146 |
| Monthly Rent | $864 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (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 47551
Population: 561
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 47551
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
What is it like being a landlord in Leopold, IN?
IN law landlord-friendly for landlords, and Leopold inherits those rules. Investors should still review local ordinances for rental licensing.
How strong is the working-renter base in Leopold, IN?
The renter base in Leopold, IN is reasonable for the $864/mo price point. Screening well and pricing to market typically yields reliable tenants.
How expensive is real estate in Leopold, IN?
The median home value in Leopold, IN is roughly $225K. That puts it reasonable relative to the IN statewide average.
Is Leopold, IN suited for a house hack?
For house hackers, Leopold, IN is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $225K property.
How much do tenants pay in Leopold, IN?
Rent in Leopold, IN is around $864/mo. The resulting rent-to-value relationship with $225K pricing is reasonable for most investor models.
You know 47551 now. You don’t know where it ranks.
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