Real Estate Investing in Elberfeld, Indiana (47613)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47613 (Elberfeld, 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: 15.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elberfeld, IN (47613)?
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Market Analysis: 47613 Elberfeld
This part of Warrick County is not an easy win. The 47613 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47613 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Elberfeld have seen price recovery that 47613 has not matched. Warrick County data supports the view that the spread is structural rather than temporary.
A significant renter share of 4% in 47613 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Elberfeld's stable or hybrid ZIPs before stepping into 47613. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Elberfeld:
Property Strategy for 47613
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $181,871 | $1,150 | 4.6% | +7.2% | $90,936 |
| 3BR | $252,175 | $1,420 | 4.1% | +7.2% | $84,058 |
| 4BR | $402,441 | $1,590 | 2.8% | +7.4% | $100,610 |
Market Trends
Home Value History (with trend line)
📊 How Does 47613 Compare?
| Metric | 47613 | Elberfeld | Evansville, IN-KY | Indiana |
|---|---|---|---|---|
| Home Value | $265,601 | $265,601 | N/A | $248,442 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.7% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 47613 (Elberfeld, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $265,601 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 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 (3.0%). 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 47613
Population: 2,722
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 47613
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
What price range are homes in Elberfeld, IN?
The median home value in Elberfeld, IN is roughly $266K. That puts it reasonable relative to the IN statewide average.
How much rent can I charge in Elberfeld, IN?
Rents in Elberfeld, IN run near $1,035/mo. Compared with median home prices of $266K that produces solid gross yields for typical rentals.
How qualified is the tenant pool in Elberfeld, IN?
The tenant pool in Elberfeld, IN is solid, supported by local employment and population fundamentals. Rents of $1,035/mo are well-absorbed by the market.
What is the best play in Elberfeld, IN?
Elberfeld, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($266K prices, $1,035/mo rents) make it a reasonable choice.
Does a duplex house hack pencil in Elberfeld, IN?
For house hackers, Elberfeld, IN is a challenging. The $1,035/mo rent on a unit helps defray the mortgage on a $266K property.
You know 47613 now. You don’t know where it ranks.
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How 47613 ranks in Evansville, IN-KY
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