Real Estate Investing in Otwell, Indiana (47564)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47564 (Otwell, 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 Otwell, IN (47564)?
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Market Analysis: 47564 Otwell
ZIP 47564 inside Pike County looks affordable on the surface — median value of $226K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47564 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Otwell have seen price recovery that 47564 has not matched. Pike County data supports the view that the spread is structural rather than temporary.
The 47564 ZIP's population of 1,500 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Experienced landlords with local relationships tend to find 47564 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 Otwell:
Property Strategy for 47564
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,561 | $1,020 | 4.9% | +8.5% | $74,281 |
| 3BR | $230,144 | $1,350 | 4.2% | +7.7% | $76,715 |
| 4BR | $259,801 | $1,500 | 4.2% | +7.1% | $64,950 |
Market Trends
Home Value History (with trend line)
📊 How Does 47564 Compare?
| Metric | 47564 | Otwell | Jasper, IN | Indiana |
|---|---|---|---|---|
| Home Value | $226,449 | $226,449 | N/A | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.7% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47564 (Otwell, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,449 |
| Monthly Rent | $918 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.2%). 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 47564
Population: 1,500
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 47564
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
Is Otwell, IN a friendly market for rental owners?
For rental operators, Otwell, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Which investment style suits Otwell, IN?
A careful cash-flow rentals with hands-on management strategy Otwell, IN best. The market produces steady results for that approach at the $226K price point.
How qualified is the tenant pool in Otwell, IN?
The tenant pool in Otwell, IN is solid, supported by local employment and population fundamentals. Rents of $918/mo are well-absorbed by the market.
Is real estate in Otwell, IN a good investment right now?
Otwell, IN rates 3.0/5 for investability. With median values at $226K and rents near $918/mo, the market offers reasonable fundamentals for rental investors.
Is housing expensive in Otwell, IN?
Otwell, IN median home values land near $226K. That is reasonable territory for investors looking at $918/mo-per-month rentals.
You know 47564 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47564 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 47564 ranks in Jasper, IN
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