Real Estate Investing in Cory, Indiana (47846)
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Should you buy in 47846 (Cory, 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: 11.9% 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 Cory, IN (47846)?
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Market Analysis: 47846 Cory
The 47846 ZIP in Cory, IN is a local-operator market. Outside capital chasing a $244K entry has to pair deep knowledge with the discount.
The investment case in 47846 is solid only for operators who understand what they are buying. A $244K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 47846 and stronger Cory ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 47846 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 47846 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 Cory:
Market Trends
Home Value History (with trend line)
📊 How Does 47846 Compare?
| Metric | 47846 | Cory | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $243,967 | $243,967 | N/A | $248,442 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 7.7% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47846 (Cory, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $243,967 |
| Monthly Rent | $936 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 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 (3.0%). 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 47846
Population: 978
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
What is the average home sale price in Cory, IN?
Typical homes in Cory, IN go for around $244K. The 5-year CAGR of 0.0% even-keeled price movement.
Is Cory, IN a good market for buy-and-hold investors?
Investors tracking Cory, IN will find a 3.0/5 rating supported by $244K median home values and $936/mo rents. That profile suits long-term holders targeting even-keeled returns.
Is Cory, IN a good market for FHA house hackers?
Cory, IN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $936/mo rent level.
Is Cory, IN landlord-friendly?
IN ranks as a landlord-friendly state for landlord-tenant law. Cory generally follows the statewide framework, so landlords face reasonable operating rules.
Is the tenant base reliable in Cory, IN?
The renter base in Cory, IN is reasonable for the $936/mo price point. Screening well and pricing to market typically yields stable tenants.
You know 47846 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47846 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 47846 ranks in Terre Haute, IN
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