Real Estate Investing in Odon, Indiana (47562)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47562 (Odon, 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: 8.5% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 29.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Odon, IN (47562)?
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Market Analysis: 47562 Odon
ZIP 47562 in Odon, IN carries a significant set of headwinds. Home values near $301K and rents of $864/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 47562 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IN, ZIP 47562 trails on several market indicators that neighboring Daviess County submarkets outperform. The gap is real and significant enough to shape underwriting.
Employment concentration in 47562 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 47562 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Odon:
Property Strategy for 47562
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $163,495 | $960 | 4.2% | +8.5% | $81,748 |
| 3BR | $240,176 | $1,180 | 3.5% | +7.8% | $80,059 |
| 4BR | $292,684 | $1,270 | 3.1% | +6.8% | $73,171 |
Market Trends
Home Value History (with trend line)
📊 How Does 47562 Compare?
| Metric | 47562 | Odon | Washington, IN | Indiana |
|---|---|---|---|---|
| Home Value | $300,891 | $300,891 | N/A | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47562 (Odon, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $300,891 |
| Monthly Rent | $864 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +13.1% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 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 (2.2%). 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 47562
Population: 5,332
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
Which real estate strategy fits Odon, IN?
Odon, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($301K prices, $864/mo rents) make it a reasonable choice.
How much is rent in Odon, IN?
Average rent in Odon, IN is approximately $864/mo per month. Against $301K home values that yields a reasonable rent-to-price ratio.
Do landlords face vacancy issues in Odon, IN?
Occupancy in Odon, IN runs predictable with elevated vacancy. Well-priced units at $864/mo lease on reasonable timelines.
Are homes affordable in Odon, IN?
Expect median prices around $301K in Odon, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Is the tenant base reliable in Odon, IN?
Odon, IN offers a predictable renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 47562 now. You don’t know where it ranks.
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