Real Estate Investing in Mount Vernon, Indiana (47620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47620 (Mount Vernon, 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: 9.7% 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 Mount Vernon, IN (47620)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47620 Mount Vernon
ZIP 47620 in Mount Vernon, IN carries a durable set of headwinds. Home values near $223K and rents of $864/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47620 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 47620 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Stepping back, 12,533 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. healthy returns are possible in 47620, 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 Mount Vernon:
Property Strategy for 47620
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $76,622 | $740 | 7.0% | +8.9% | $76,622 |
| 2BR | $138,019 | $960 | 5.0% | +9.1% | $69,010 |
| 3BR | $227,440 | $1,180 | 3.7% | +7.5% | $75,813 |
| 4BR | $294,968 | $1,330 | 3.2% | +7.1% | $73,742 |
| 5BR | $332,993 | — | — | +6.8% | $66,599 |
Market Trends
Home Value History (with trend line)
📊 How Does 47620 Compare?
| Metric | 47620 | Mount Vernon | Evansville, IN-KY | Indiana |
|---|---|---|---|---|
| Home Value | $223,115 | $223,115 | N/A | $248,442 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.7% |
| Avg Rent | $864 | $864 | 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 47620 (Mount Vernon, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $223,115 |
| Monthly Rent | $864 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 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%) 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 47620
Population: 12,533
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 47620
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
Investor Insight: With 918 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Mount Vernon, IN?
Investors in Mount Vernon, IN typically see rents near $864/mo per month against $223K home values - a solid setup for rental cash flow.
What strategy should investors use in Mount Vernon, IN?
For Mount Vernon, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Does Mount Vernon, IN make sense for an investment property?
Our data puts Mount Vernon, IN at 3.0/5 for investability. Home prices of $223K and rents around $864/mo create a solid backdrop for investor activity.
How high is vacancy risk in Mount Vernon, IN?
Occupancy in Mount Vernon, IN runs even-keeled with elevated vacancy. Well-priced units at $864/mo lease on reasonable timelines.
Does house hacking make sense in Mount Vernon, IN?
The house hack math a challenging in Mount Vernon, IN. Owner-occupant buyers benefit from the $864/mo rents and $223K home values.
You know 47620 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47620 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.
How 47620 ranks in Evansville, IN-KY
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