Real Estate Investing in Decker, Indiana (47640)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47640 (Decker, 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.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Decker, IN (47640)?
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Market Analysis: 47640 Decker
The 47640 ZIP in Decker, IN is a local-operator market. Outside capital chasing a $184K entry has to pair deep knowledge with the discount.
The 47640 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 47640 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A durable renter share of 7% in 47640 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 47640 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Decker:
Property Strategy for 47640
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $119,464 | $960 | 5.8% | +7.7% | $59,732 |
| 3BR | $188,674 | $1,220 | 4.7% | +7.9% | $62,891 |
Market Trends
Home Value History (with trend line)
📊 How Does 47640 Compare?
| Metric | 47640 | Decker | Jasper, IN | Indiana |
|---|---|---|---|---|
| Home Value | $184,259 | $163,441 | N/A | $248,442 |
| 5-Year CAGR | 7.8% | 8.1% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.7% | 4.2% | - | - |
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 47640 (Decker, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,259 |
| Monthly Rent | $864 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +14.1% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.7%). 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 47640
Population: 882
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
🎓 Nearby Colleges & Universities
Investor Insight: With 3,429 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Decker, IN make sense for an investment property?
With a 3.0/5 investability score, Decker, IN ranks as a solid market for rental property investors. Median prices of $184K and rents of $864/mo drive the underlying numbers.
How do landlord-tenant laws work in Decker, IN?
IN law landlord-friendly for landlords, and Decker inherits those rules. Investors should still review local ordinances for rental licensing.
What do landlords charge for rent in Decker, IN?
Rent in Decker, IN is around $864/mo. The resulting rent-to-value relationship with $184K pricing is reasonable for most investor models.
How strong is the working-renter base in Decker, IN?
The renter base in Decker, IN is reasonable for the $864/mo price point. Screening well and pricing to market typically yields measured tenants.
How quickly do rentals get leased in Decker, IN?
Vacancy risk in Decker, IN is elevated. That supports steady cash flow for typical rental holds.
You know 47640 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47640 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 47640 ranks in Jasper, IN
Every ZIP in this metro, ranked. Free.
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