Real Estate Investing in Rockport, Indiana (47635)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47635 (Rockport, 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: 9.5% 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 Rockport, IN (47635)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47635 Rockport
ZIP 47635 inside Spencer County looks affordable on the surface — median value of $212K — but the discount exists for reasons that a careful buyer should understand before committing.
The 47635 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 47635's metrics run below Spencer County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 47635 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Rockport:
Property Strategy for 47635
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $114,399 | $960 | 6.0% | +4.4% | $57,200 |
| 3BR | $211,133 | $1,330 | 4.5% | +6.9% | $70,378 |
| 4BR | $302,969 | $1,380 | 3.3% | +6.0% | $75,742 |
Market Trends
Home Value History (with trend line)
📊 How Does 47635 Compare?
| Metric | 47635 | Rockport | Indiana |
|---|---|---|---|
| Home Value | $211,676 | $211,676 | $248,442 |
| 5-Year CAGR | 5.2% | 5.2% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 47635 (Rockport, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,676 |
| Monthly Rent | $864 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.2%). 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 47635
Population: 5,578
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 47635
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 2,548 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Rockport, IN for investors?
Our data puts Rockport, IN at 3.0/5 for investability. Home prices of $212K and rents around $864/mo create a solid backdrop for investor activity.
How much do tenants pay in Rockport, IN?
Rent in Rockport, IN is around $864/mo. The resulting rent-to-value relationship with $212K pricing is reasonable for most investor models.
Are there empty rentals in Rockport, IN?
Rockport, IN sees elevated vacancy, which is reasonable relative to the broader IN rental market.
Is Rockport, IN suited for a house hack?
For house hackers, Rockport, IN is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $212K property.
What is the median home value in Rockport, IN?
Typical homes in Rockport, IN go for around $212K. The 5-year CAGR of 0.0% stable price movement.
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