Real Estate Investing in Oakland City, Indiana (47660)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47660 (Oakland City, 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.
- Elevated vacancy: 10.8% 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 Oakland City, IN (47660)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47660 Oakland City
The 47660 ZIP covers a section of Oakland City that demands careful diligence. Prices near $170K look accessible, but the work to make a deal cash flow is real.
Rent of $918/mo on a $170K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47660 sits below the stated 0.0% once reality is priced in.
Regionally, 47660 sits on the difficult end of the IN spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The 47660 ZIP's population of 4,819 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategically, 47660 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Oakland City:
Property Strategy for 47660
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $121,864 | $1,020 | 6.0% | +7.8% | $60,932 |
| 3BR | $188,491 | $1,290 | 4.9% | +7.1% | $62,830 |
| 4BR | $224,916 | $1,410 | 4.5% | +6.5% | $56,229 |
Market Trends
Home Value History (with trend line)
📊 How Does 47660 Compare?
| Metric | 47660 | Oakland City | Jasper, IN | Indiana |
|---|---|---|---|---|
| Home Value | $169,798 | $169,798 | N/A | $248,442 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.7% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 4.2% | 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 47660 (Oakland City, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47660 (Oakland City, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $169,798 |
| Monthly Rent | $918 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 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 (4.2%). 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 47660
Population: 4,819
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 47660
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
Should investors worry about vacancy in Oakland City, IN?
Vacancy in Oakland City, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $918/mo.
What is it like being a landlord in Oakland City, IN?
IN law landlord-friendly for landlords, and Oakland City inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical home price in Oakland City, IN?
Homes in Oakland City, IN typically sell near $170K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How viable is house hacking in Oakland City, IN?
The house hack math a challenging in Oakland City, IN. Owner-occupant buyers benefit from the $918/mo rents and $170K home values.
How qualified is the tenant pool in Oakland City, IN?
The tenant pool in Oakland City, IN is solid, supported by local employment and population fundamentals. Rents of $918/mo are well-absorbed by the market.
You know 47660 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47660 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 47660 ranks in Jasper, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47660 (Oakland City)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47660 (Oakland City, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.