Real Estate Investing in Celestine, Indiana (47580)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47580 (Celestine, IN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 26.2 — hard to cash-flow at these prices.
• 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 Celestine, IN (47580)?
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Market Analysis: 47580 Celestine
ZIP 47580 inside Dubois County looks affordable on the surface — median value of $271K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $864/mo on a $271K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47580 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 47580 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A notable renter share of 0% in 47580 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Celestine:
Market Trends
Home Value History (with trend line)
📊 How Does 47580 Compare?
| Metric | 47580 | Celestine | Jasper, IN | Indiana |
|---|---|---|---|---|
| Home Value | $271,214 | $285,559 | N/A | $248,442 |
| 5-Year CAGR | 5.8% | 6.1% | N/A | 7.7% |
| Avg Rent | $864 | $887 | N/A | - |
| Cap Rate | 2.5% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47580 (Celestine, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $271,214 |
| Monthly Rent | $864 |
| Price-to-Rent | 26.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.5%). 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 47580
Population: 108
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
Frequently Asked Questions
What is the typical home price in Celestine, IN?
In Celestine, IN the median home value sits at $271K. Against the broader IN market, that reads as reasonable for most investors.
What is the rental occupancy rate in Celestine, IN?
Celestine, IN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What approach is best for Celestine, IN real estate?
The best-fit strategy in Celestine, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can I live-in-and-rent in Celestine, IN?
House hacking in Celestine, IN is a challenging. With home values around $271K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
What is the renter demographic in Celestine, IN?
Celestine, IN offers a stable renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 47580 now. You don’t know where it ranks.
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How 47580 ranks in Jasper, IN
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