Real Estate Investing in Loogootee, Indiana (47553)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47553 (Loogootee, 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.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Loogootee, IN (47553)?
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Market Analysis: 47553 Loogootee
Not every below-median market is a bargain. Loogootee's 47553 ZIP registers signals that favor experienced operators who can absorb the risk $256K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47553 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Loogootee have seen price recovery that 47553 has not matched. Martin County data supports the view that the spread is structural rather than temporary.
Looking more closely, 8,613 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 47553 is an operator game, not a passive one. On the rental side, entry prices of $256K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Loogootee:
Property Strategy for 47553
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $174,119 | $960 | 4.0% | +10.5% | $87,060 |
| 3BR | $225,080 | $1,160 | 3.7% | +8.9% | $75,027 |
| 4BR | $276,053 | $1,280 | 3.3% | +8.6% | $69,013 |
| 5BR | $363,763 | — | — | +8.9% | $72,753 |
Market Trends
Home Value History (with trend line)
📊 How Does 47553 Compare?
| Metric | 47553 | Loogootee | Washington, IN | Indiana |
|---|---|---|---|---|
| Home Value | $256,012 | $256,012 | N/A | $248,442 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 47553 (Loogootee, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $256,012 |
| Monthly Rent | $864 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.6%). 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 47553
Population: 8,613
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 47553
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 smart move for investors in Loogootee, IN?
In Loogootee, IN the robust play is typically careful cash-flow rentals with hands-on management. The combination of $256K prices and $864/mo rents suits that approach.
What is the tenant pool like in Loogootee, IN?
The tenant pool in Loogootee, IN is solid, supported by local employment and population fundamentals. Rents of $864/mo are well-absorbed by the market.
Is Loogootee, IN suited for a house hack?
The a challenging house-hack environment in Loogootee, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are eviction rules reasonable in Loogootee, IN?
Loogootee, IN falls under IN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How strong are rents in Loogootee, IN?
Investors in Loogootee, IN typically see rents near $864/mo per month against $256K home values - a solid setup for rental cash flow.
You know 47553 now. You don’t know where it ranks.
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Community Ratings
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