Real Estate Investing in Plainville, Indiana (47568)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47568 (Plainville, 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: 20.8% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Plainville, IN (47568)?
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Market Analysis: 47568 Plainville
Not every below-median market is a bargain. Plainville's 47568 ZIP comes in at signals that favor experienced operators who can absorb the risk $175K pricing implies.
The 47568 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 47568 trails on several market indicators that neighboring Daviess submarkets outperform. The gap is real and sturdy enough to shape underwriting.
A healthy renter share of 35% in 47568 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 47568 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Plainville:
Market Trends
Home Value History (with trend line)
📊 How Does 47568 Compare?
| Metric | 47568 | Plainville | Indiana |
|---|---|---|---|
| Home Value | $175,117 | $175,117 | $248,442 |
| 5-Year CAGR | 6.0% | 6.0% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47568 (Plainville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,117 |
| Monthly Rent | $864 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 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 (3.9%). 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 47568
Population: 579
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
Is real estate in Plainville, IN a good investment right now?
Plainville, IN rates 3.0/5 for investability. With median values at $175K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
What are rental rates like in Plainville, IN?
Rental rates in Plainville, IN average $864/mo. Tenant demand and $175K home values make the yield look reasonable by investor standards.
What approach is best for Plainville, IN real estate?
The best-fit strategy in Plainville, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Plainville, IN good for house hacking?
The house hack math a challenging in Plainville, IN. Owner-occupant buyers benefit from the $864/mo rents and $175K home values.
How high is vacancy risk in Plainville, IN?
Vacancy risk in Plainville, IN is elevated. That supports reliable cash flow for typical rental holds.
You know 47568 now. You don’t know where it ranks.
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