Real Estate Investing in Newburgh, Indiana (47630)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47630 (Newburgh, 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.
What’s happening in Newburgh, IN (47630)?
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Market Analysis: 47630 Newburgh
Investors eyeing 47630 need to respect the fundamentals at play. Home values of $324K come alongside slower price movement and elevated management overhead.
Rent of $1,687/mo on a $324K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47630 sits below the stated 0.0% once reality is priced in.
On the rental side, 47630 offers a low basis, the region around Newburgh has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A significant renter share of 18% in 47630 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 47630 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 Newburgh:
Property Strategy for 47630
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $206,748 | $1,280 | 4.5% | +7.2% | $103,374 |
| 3BR | $279,805 | $1,580 | 4.1% | +7.0% | $93,268 |
| 4BR | $411,833 | $1,770 | 3.1% | +6.7% | $102,958 |
| 5BR | $591,629 | — | — | +7.0% | $118,326 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47630 Compare?
| Metric | 47630 | Newburgh | Evansville, IN-KY | Indiana |
|---|---|---|---|---|
| Home Value | $324,410 | $324,410 | N/A | $248,442 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 7.7% |
| Avg Rent | $1,687 | $1,687 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47630 (Newburgh, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $324,410 |
| Monthly Rent | $1,687 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -4.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 47630
Population: 39,461
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 47630
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 expensive is real estate in Newburgh, IN?
The median home value in Newburgh, IN is roughly $324K. That puts it reasonable relative to the IN statewide average.
What strategy should investors use in Newburgh, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Newburgh, IN. With home values at $324K and rents near $1,687/mo, other strategies can work but produce consistent rather than outsized returns.
What kind of vacancy should I budget for in Newburgh, IN?
Occupancy in Newburgh, IN runs measured with elevated vacancy. Well-priced units at $1,687/mo lease on reasonable timelines.
What does house hacking look like in Newburgh, IN?
For house hackers, Newburgh, IN is a challenging. The $1,687/mo rent on a unit helps defray the mortgage on a $324K property.
What kind of tenants rent in Newburgh, IN?
Newburgh, IN offers a even-keeled renter base at the $1,687/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 47630 now. You don’t know where it ranks.
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How 47630 ranks in Evansville, IN-KY
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