Real Estate Investing in Tennyson, Indiana (47637)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47637 (Tennyson, 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.
- High vacancy: 13.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tennyson, IN (47637)?
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Market Analysis: 47637 Tennyson
Investors eyeing 47637 need to respect the fundamentals at play. Home values of $260K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47637 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 47637 and stronger Tennyson ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 47637 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 47637 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 Tennyson:
Property Strategy for 47637
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $169,133 | $960 | 4.1% | +7.9% | $84,566 |
| 3BR | $254,206 | $1,200 | 3.4% | +8.6% | $84,735 |
Market Trends
Home Value History (with trend line)
📊 How Does 47637 Compare?
| Metric | 47637 | Tennyson | Evansville, IN-KY | Indiana |
|---|---|---|---|---|
| Home Value | $260,147 | $260,147 | N/A | $248,442 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47637 (Tennyson, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $260,147 |
| Monthly Rent | $864 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.6%). 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 47637
Population: 1,301
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 47637
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.
Frequently Asked Questions
How viable is house hacking in Tennyson, IN?
House hacking in Tennyson, IN is a challenging. With home values around $260K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
Are rents high in Tennyson, IN?
Rents in Tennyson, IN run near $864/mo. Compared with median home prices of $260K that produces solid gross yields for typical rentals.
How qualified is the tenant pool in Tennyson, IN?
Expect a solid tenant pool in Tennyson, IN. The rental market absorbs $864/mo rents without meaningful friction.
How landlord-friendly is Tennyson, IN?
Landlord-friendliness in Tennyson, IN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What price range are homes in Tennyson, IN?
Median home price in Tennyson, IN is near $260K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
You know 47637 now. You don’t know where it ranks.
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How 47637 ranks in Evansville, IN-KY
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