Real Estate Investing in Griffin, Indiana (47616)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47616 (Griffin, IN)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
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 Griffin, IN (47616)?
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Market Analysis: 47616 Griffin
ZIP 47616 inside Gibson County looks affordable on the surface — median value of $92K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $92K asset, 47616 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 47616 and stronger Griffin ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 47616 includes headwinds that any investor should price in. Income distribution skews lower than Griffin averages, and tenant stability requires active management.
The 47616 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 Griffin:
Market Trends
Home Value History (with trend line)
📊 How Does 47616 Compare?
| Metric | 47616 | Griffin | Evansville, IN-KY | Indiana |
|---|---|---|---|---|
| Home Value | $92,423 | $92,423 | N/A | $248,442 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 7.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 7.4% | 7.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47616 (Griffin, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $92,423 |
| Monthly Rent | $873 |
| Price-to-Rent | 8.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.3% |
| Cap Rate | 7.4% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 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%) is close to the estimated cap rate (7.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47616
Population: 214
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
What real estate strategy is ideal for Griffin, IN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Griffin, IN. The numbers - $92K homes against $873/mo rents - support that play.
How tight is the rental market in Griffin, IN?
Griffin, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
Is Griffin, IN a friendly market for rental owners?
Griffin, IN operates under IN law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Is Griffin, IN good for house hacking?
Griffin, IN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
What are rental rates like in Griffin, IN?
Griffin, IN rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $92K acquisition costs.
You know 47616 now. You don’t know where it ranks.
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How 47616 ranks in Evansville, IN-KY
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