Real Estate Investing in Owensville, Indiana (47665)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47665 (Owensville, 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: 9.2% 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 Owensville, IN (47665)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47665 Owensville
This part of Gibson County is not an easy win. The 47665 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 47665 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 47665 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 47665 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Owensville's stable or hybrid ZIPs before stepping into 47665. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Owensville:
Property Strategy for 47665
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,101 | $1,080 | 5.0% | +9.1% | $77,051 |
| 3BR | $229,844 | $1,360 | 4.3% | +7.3% | $76,615 |
| 4BR | $279,031 | $1,470 | 3.8% | +7.4% | $69,758 |
Market Trends
Home Value History (with trend line)
📊 How Does 47665 Compare?
| Metric | 47665 | Owensville | Indiana |
|---|---|---|---|
| Home Value | $232,834 | $232,834 | $248,442 |
| 5-Year CAGR | 6.0% | 6.0% | 7.7% |
| Avg Rent | $972 | $972 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 47665 (Owensville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $232,834 |
| Monthly Rent | $972 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.3%). 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 47665
Population: 4,053
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 47665
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 typical home price in Owensville, IN?
In Owensville, IN the median home value sits at $233K. Against the broader IN market, that reads as reasonable for most investors.
How much is rent in Owensville, IN?
Owensville, IN rentals go for roughly $972/mo a month. That puts gross yield in solid territory relative to $233K acquisition costs.
How strict are landlord regulations in Owensville, IN?
Rental owners in Owensville, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Can I house hack in Owensville, IN?
Owensville, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $233K price point reasonable to enter.
What is the tenant pool like in Owensville, IN?
The tenant pool in Owensville, IN is solid, supported by local employment and population fundamentals. Rents of $972/mo are well-absorbed by the market.
You know 47665 now. You don’t know where it ranks.
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