Real Estate Investing in Oaktown, Indiana (47561)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47561 (Oaktown, 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: 15.7% 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 Oaktown, IN (47561)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47561 Oaktown
ZIP 47561 in Oaktown, IN carries a solid set of headwinds. Home values near $180K and rents of $864/mo sit inside a market where underwriting has to be tight.
The 47561 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within IN, ZIP 47561 trails on several market indicators that neighboring Knox County submarkets outperform. The gap is real and impressive enough to shape underwriting.
The 47561 ZIP's population of 1,293 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Distressed ZIPs reward experience. resilient returns are possible in 47561, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Oaktown:
Property Strategy for 47561
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,487 | $960 | 5.6% | +9.9% | $62,244 |
| 3BR | $159,831 | $1,210 | 5.5% | +8.8% | $53,277 |
| 4BR | $232,340 | $1,320 | 4.1% | +7.2% | $58,085 |
Market Trends
Home Value History (with trend line)
📊 How Does 47561 Compare?
| Metric | 47561 | Oaktown | Vincennes, IN | Indiana |
|---|---|---|---|---|
| Home Value | $179,816 | $179,816 | N/A | $248,442 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 47561 (Oaktown, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47561 (Oaktown, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $179,816 |
| Monthly Rent | $864 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.8%). 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 47561
Population: 1,293
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
How do experienced investors play Oaktown, IN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Oaktown, IN. The numbers - $180K homes against $864/mo rents - support that play.
Are eviction rules reasonable in Oaktown, IN?
Oaktown, IN falls under IN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What do landlords charge for rent in Oaktown, IN?
Rent in Oaktown, IN is around $864/mo. The resulting rent-to-value relationship with $180K pricing is reasonable for most investor models.
Is Oaktown, IN good for house hacking?
House hacking in Oaktown, IN is a challenging. With home values around $180K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
How quickly do rentals get leased in Oaktown, IN?
Oaktown, IN carries elevated vacancy risk. Expect steady absorption at market rents of $864/mo.
You know 47561 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47561 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 47561 ranks in Vincennes, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47561 (Oaktown)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47561 (Oaktown, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.