Real Estate Investing in Carbon, Indiana (47837)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47837 (Carbon, 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: 11.7% vacancy may signal weakening demand.
• 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 Carbon, IN (47837)?
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Market Analysis: 47837 Carbon
Meanwhile, ZIP 47837 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $192K median. It rewards specialists, not generalists.
From a cash-flow lens, the numbers look inviting — $192K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47837 is substantial and deserves full respect.
Regionally, 47837 sits on the difficult end of the IN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
On the rental side, 876 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Carbon:
Property Strategy for 47837
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $127,864 | $1,080 | 6.1% | +6.8% | $63,932 |
| 3BR | $222,505 | $1,340 | 4.3% | +8.8% | $74,168 |
Market Trends
Home Value History (with trend line)
📊 How Does 47837 Compare?
| Metric | 47837 | Carbon | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $191,825 | $191,825 | N/A | $248,442 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.7% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47837 (Carbon, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $191,825 |
| Monthly Rent | $972 |
| Price-to-Rent | 16.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (4.0%). 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 47837
Population: 876
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
Frequently Asked Questions
How does Carbon, IN rate as a rental market?
Carbon, IN scores 3.0/5 for investability. Home values sit at $192K and rents near $972/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What type of investing works in Carbon, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Carbon, IN. With home values at $192K and rents near $972/mo, other strategies can work but produce consistent rather than outsized returns.
What is the typical vacancy rate in Carbon, IN?
Occupancy in Carbon, IN runs even-keeled with elevated vacancy. Well-priced units at $972/mo lease on reasonable timelines.
Is Carbon, IN good for house hacking?
House hacking in Carbon, IN is a challenging. With home values around $192K and rents at $972/mo, owner-occupants can offset a meaningful share of PITI.
How much is rent in Carbon, IN?
Rents in Carbon, IN run near $972/mo. Compared with median home prices of $192K that produces solid gross yields for typical rentals.
You know 47837 now. You don’t know where it ranks.
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How 47837 ranks in Terre Haute, IN
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