Real Estate Investing in Dugger, Indiana (47848)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47848 (Dugger, 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.
- High vacancy: 18.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dugger, IN (47848)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47848 Dugger
Investors eyeing 47848 need to respect the fundamentals at play. Home values of $136K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47848 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 47848's metrics run below Sullivan County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A notable renter share of 23% in 47848 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Dugger's stable or hybrid ZIPs before stepping into 47848. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Dugger:
Property Strategy for 47848
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $103,784 | $960 | 6.7% | +8.4% | $51,892 |
| 3BR | $152,190 | $1,160 | 5.5% | +8.4% | $50,730 |
Market Trends
Home Value History (with trend line)
📊 How Does 47848 Compare?
| Metric | 47848 | Dugger | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $135,916 | $135,916 | N/A | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
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 47848 (Dugger, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47848 (Dugger, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $135,916 |
| Monthly Rent | $864 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 5.0% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (5.0%). 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 47848
Population: 1,319
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 47848
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.
Frequently Asked Questions
How strong is Dugger, IN for real estate investors?
Dugger, IN rates 3.0/5 for investability. With median values at $136K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
How tight is the rental market in Dugger, IN?
Dugger, IN carries elevated vacancy risk. Expect predictable absorption at market rents of $864/mo.
What strategy should investors use in Dugger, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Dugger, IN. With home values at $136K and rents near $864/mo, other strategies can work but produce predictable rather than outsized returns.
How viable is house hacking in Dugger, IN?
The house hack math a challenging in Dugger, IN. Owner-occupant buyers benefit from the $864/mo rents and $136K home values.
Is Dugger, IN a friendly market for rental owners?
Dugger, IN falls under IN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 47848 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47848 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 47848 ranks in Terre Haute, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47848 (Dugger)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47848 (Dugger, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.