Real Estate Investing in Monroe City, Indiana (47557)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47557 (Monroe City, 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: 13.7% 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 Monroe City, IN (47557)?
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Market Analysis: 47557 Monroe City
ZIP 47557 inside Knox County looks affordable on the surface — median value of $203K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,089/mo on a $203K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47557 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 47557 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 47557 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 47557 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Monroe City:
Property Strategy for 47557
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $145,507 | $1,210 | 6.0% | +9.4% | $72,753 |
| 3BR | $189,344 | $1,530 | 5.8% | +8.9% | $63,115 |
Market Trends
Home Value History (with trend line)
📊 How Does 47557 Compare?
| Metric | 47557 | Monroe City | Vincennes, IN | Indiana |
|---|---|---|---|---|
| Home Value | $203,378 | $203,378 | N/A | $248,442 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 7.7% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
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 47557 (Monroe City, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,378 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (4.2%). 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 47557
Population: 1,360
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
🎓 Nearby Colleges & Universities
Investor Insight: With 3,429 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are renters plentiful in Monroe City, IN?
Working renters make up the core of the Monroe City, IN tenant base. The pool is reasonable for investors targeting long-term holds.
How high is vacancy risk in Monroe City, IN?
Monroe City, IN carries elevated vacancy risk. Expect predictable absorption at market rents of $1,089/mo.
What are home prices like in Monroe City, IN?
Median home price in Monroe City, IN is near $203K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
How viable is house hacking in Monroe City, IN?
House hacking in Monroe City, IN is a challenging. With home values around $203K and rents at $1,089/mo, owner-occupants can offset a meaningful share of PITI.
Is Monroe City, IN a smart market for rental property?
The 3.0/5 investability rating in Monroe City, IN reflects its $203K prices and $1,089/mo rents. Investors generally consider it a solid option within IN.
You know 47557 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47557 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.
How 47557 ranks in Vincennes, IN
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