Real Estate Investing in Chrisney, Indiana (47611)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47611 (Chrisney, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• 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 Chrisney, IN (47611)?
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Market Analysis: 47611 Chrisney
ZIP 47611 in Chrisney, IN carries a substantial set of headwinds. Home values near $206K and rents of $936/mo sit inside a market where underwriting has to be tight.
From an investor standpoint, the numbers look inviting — $206K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47611 is substantial and deserves full respect.
Nearby ZIPs in Chrisney have seen price recovery that 47611 has not matched. Spencer County data supports the view that the spread is structural rather than temporary.
The 47611 ZIP's population of 899 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Distressed ZIPs reward experience. robust returns are possible in 47611, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Chrisney:
Property Strategy for 47611
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $139,864 | $1,040 | 5.4% | +6.7% | $69,932 |
| 3BR | $205,536 | $1,410 | 4.9% | +7.2% | $68,512 |
Market Trends
Home Value History (with trend line)
📊 How Does 47611 Compare?
| Metric | 47611 | Chrisney | Indiana |
|---|---|---|---|
| Home Value | $205,635 | $205,635 | $248,442 |
| 5-Year CAGR | 6.2% | 6.2% | 7.7% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47611 (Chrisney, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,635 |
| Monthly Rent | $936 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.6%). 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 47611
Population: 899
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 47611
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
Which real estate strategy fits Chrisney, IN?
The best-fit strategy in Chrisney, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does Chrisney, IN favor landlords or tenants?
Rental owners in Chrisney, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Where do rents currently stand in Chrisney, IN?
The typical rental in Chrisney, IN commands about $936/mo monthly. That rent profile predictable cash flow against the $206K purchase basis.
How strong is tenant demand in Chrisney, IN?
Chrisney, IN draws a steady base of working renters. Demand at the $936/mo rent level is reasonable for standard single-family and small multi rentals.
How high is vacancy risk in Chrisney, IN?
Chrisney, IN carries elevated vacancy risk. Expect predictable absorption at market rents of $936/mo.
You know 47611 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47611 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.
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