Real Estate Investing in Dana, Indiana (47847)
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Should you buy in 47847 (Dana, 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: 11.5% 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 Dana, IN (47847)?
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Market Analysis: 47847 Dana
On balance, ZIP 47847 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $144K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47847 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
From a cash-flow lens, 47847 offers a low basis, the region around Dana has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 47847 includes headwinds that any investor should price in. Income distribution skews lower than Dana averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 47847 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Dana:
Property Strategy for 47847
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $96,928 | $960 | 7.1% | +7.1% | $48,464 |
| 3BR | $124,822 | $1,150 | 6.6% | +7.3% | $41,607 |
Market Trends
Home Value History (with trend line)
📊 How Does 47847 Compare?
| Metric | 47847 | Dana | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $144,367 | $144,367 | N/A | $248,442 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47847 (Dana, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $144,367 |
| Monthly Rent | $864 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +13.1% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (4.7%). 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 47847
Population: 869
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
Frequently Asked Questions
What strategy should investors use in Dana, IN?
For Dana, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How does Dana, IN stack up for property investment?
Dana, IN rates 3.0/5 for investability. With median values at $144K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
How tight is the rental market in Dana, IN?
Occupancy in Dana, IN runs predictable with elevated vacancy. Well-priced units at $864/mo lease on reasonable timelines.
How do landlord-tenant laws work in Dana, IN?
Rental owners in Dana, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How much does a house cost in Dana, IN?
Dana, IN home values average about $144K. That price point suits investors targeting rentals with $864/mo in monthly income.
You know 47847 now. You don’t know where it ranks.
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How 47847 ranks in Terre Haute, IN
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