Real Estate Investing in Richland, Indiana (47634)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47634 (Richland, 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.
- Elevated vacancy: 10.9% 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 Richland, IN (47634)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47634 Richland
This part of Spencer County is not an easy win. The 47634 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $188K asset, 47634 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Richland have seen price recovery that 47634 has not matched. Spencer County data supports the view that the spread is structural rather than temporary.
Demographically, 47634 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Richland's stable or hybrid ZIPs before stepping into 47634. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Richland:
Property Strategy for 47634
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,988 | $1,430 | 8.2% | +7.5% | $62,494 |
| 3BR | $194,586 | $1,990 | 7.4% | +7.6% | $64,862 |
| 4BR | $258,568 | $2,070 | 5.8% | +7.2% | $64,642 |
Market Trends
Home Value History (with trend line)
📊 How Does 47634 Compare?
| Metric | 47634 | Richland | Indiana |
|---|---|---|---|
| Home Value | $187,816 | $187,816 | $248,442 |
| 5-Year CAGR | 5.9% | 5.9% | 7.7% |
| Avg Rent | $1,287 | $1,287 | - |
| Cap Rate | 5.3% | 5.3% | - |
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 47634 (Richland, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $187,816 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (5.3%). 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 47634
Population: 2,101
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 47634
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 is the investability score for Richland, IN?
Yes - Richland, IN a 3.0/5 investability score. With $188K home prices against $1,287/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much is rent in Richland, IN?
Rents in Richland, IN run near $1,287/mo. Compared with median home prices of $188K that produces solid gross yields for typical rentals.
How tight is the rental market in Richland, IN?
Vacancy risk in Richland, IN is elevated. That supports steady cash flow for typical rental holds.
How much should I expect to pay for a home in Richland, IN?
Typical homes in Richland, IN go for around $188K. The 5-year CAGR of 0.0% predictable price movement.
Does house hacking make sense in Richland, IN?
House hacking works a challenging in Richland, IN. Rents of $1,287/mo against $188K acquisition make the strategy solid for owner-occupants.
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