Real Estate Investing in Chandler, Indiana (47610)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47610 (Chandler, 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: 10.8% 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 Chandler, IN (47610)?
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Market Analysis: 47610 Chandler
Investors eyeing 47610 need to respect the fundamentals at play. Home values of $218K come alongside slower price movement and elevated management overhead.
The investment case in 47610 is robust only for operators who understand what they are buying. A $218K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader IN picture, 47610 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A robust renter share of 15% in 47610 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 47610 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 Chandler:
Property Strategy for 47610
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $147,913 | $1,090 | 5.3% | +8.8% | $73,957 |
| 3BR | $211,108 | $1,340 | 4.6% | +7.8% | $70,369 |
| 4BR | $271,771 | $1,510 | 4.0% | +5.9% | $67,943 |
Market Trends
Home Value History (with trend line)
📊 How Does 47610 Compare?
| Metric | 47610 | Chandler | Evansville, IN-KY | Indiana |
|---|---|---|---|---|
| Home Value | $218,185 | $218,185 | N/A | $248,442 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.7% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47610 (Chandler, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,185 |
| Monthly Rent | $981 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (3.5%). 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 47610
Population: 5,695
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 47610
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How quickly do rentals get leased in Chandler, IN?
Chandler, IN carries elevated vacancy risk. Expect measured absorption at market rents of $981/mo.
Are renters plentiful in Chandler, IN?
Working renters make up the core of the Chandler, IN tenant base. The pool is reasonable for investors targeting long-term holds.
What investment strategy works best in Chandler, IN?
In Chandler, IN the durable play is typically careful cash-flow rentals with hands-on management. The combination of $218K prices and $981/mo rents suits that approach.
Is IN a landlord-friendly state?
The landlord environment in Chandler, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How expensive is real estate in Chandler, IN?
The median home value in Chandler, IN is roughly $218K. That puts it reasonable relative to the IN statewide average.
You know 47610 now. You don’t know where it ranks.
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How 47610 ranks in Evansville, IN-KY
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