Real Estate Investing in Princeton, Indiana (47670)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47670 (Princeton, 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: 13.4% of homes vacant — above national norms.
What’s happening in Princeton, IN (47670)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47670 Princeton
The 47670 ZIP in Princeton, IN is a local-operator market. Outside capital chasing a $192K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47670 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Princeton have seen price recovery that 47670 has not matched. Gibson County data supports the view that the spread is structural rather than temporary.
Demographically, 47670 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.
Strategy in 47670 is an operator game, not a passive one. Stepping back, entry prices of $192K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Princeton:
Property Strategy for 47670
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $90,525 | $780 | 6.2% | +8.7% | $90,525 |
| 2BR | $128,327 | $1,010 | 5.7% | +9.1% | $64,163 |
| 3BR | $198,722 | $1,270 | 4.6% | +6.8% | $66,241 |
| 4BR | $254,765 | $1,370 | 3.9% | +6.8% | $63,691 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47670 Compare?
| Metric | 47670 | Princeton | Indiana |
|---|---|---|---|
| Home Value | $191,945 | $185,134 | $248,442 |
| 5-Year CAGR | 6.4% | 7.2% | 7.7% |
| Avg Rent | $1,050 | $957 | - |
| Cap Rate | 4.3% | 4.0% | - |
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 47670 (Princeton, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47670 (Princeton, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $191,945 |
| Monthly Rent | $1,050 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (4.3%). 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 47670
Population: 11,638
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 47670
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 kind of market is Princeton, IN for investors?
With a 3.0/5 investability score, Princeton, IN ranks as a solid market for rental property investors. Median prices of $192K and rents of $1,050/mo drive the underlying numbers.
How much do tenants pay in Princeton, IN?
Average rent in Princeton, IN is approximately $1,050/mo per month. Against $192K home values that yields a reasonable rent-to-price ratio.
Are renters plentiful in Princeton, IN?
The renter base in Princeton, IN is reasonable for the $1,050/mo price point. Screening well and pricing to market typically yields reliable tenants.
What is it like being a landlord in Princeton, IN?
Princeton, IN operates under IN law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
What is the rental occupancy rate in Princeton, IN?
Vacancy risk in Princeton, IN is elevated. That supports consistent cash flow for typical rental holds.
You know 47670 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47670 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.
AI Market Advisor
Ask questions about investing in 47670 (Princeton)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47670 (Princeton, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.