Real Estate Investing in Fairbanks, Indiana (47849)
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Should you buy in 47849 (Fairbanks, IN)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Higher unemployment: 13.3% unemployment — tenant risk signal.
• 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 Fairbanks, IN (47849)?
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Market Analysis: 47849 Fairbanks
Investors eyeing 47849 need to respect the fundamentals at play. Home values of $184K come alongside slower price movement and elevated management overhead.
The investment case in 47849 is notable only for operators who understand what they are buying. A $184K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 47849 and stronger Fairbanks ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 47849 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 47849 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Fairbanks:
Market Trends
Home Value History (with trend line)
📊 How Does 47849 Compare?
| Metric | 47849 | Fairbanks | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $184,434 | $184,434 | N/A | $248,442 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.7% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47849 (Fairbanks, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,434 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (4.6%). 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 47849
Population: 561
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 Fairbanks, IN?
Expect median prices around $184K in Fairbanks, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Is Fairbanks, IN a good place for real estate investing?
Fairbanks, IN shows an investability rating of 3.0/5, with median home values near $184K and average rents around $1,089/mo. That combination puts it in the significant tier for investor interest.
Is Fairbanks, IN a good market for FHA house hackers?
Fairbanks, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $184K price point reasonable to enter.
Is IN a landlord-friendly state?
The landlord environment in Fairbanks, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much rent can I charge in Fairbanks, IN?
Fairbanks, IN rentals go for roughly $1,089/mo a month. That puts gross yield in solid territory relative to $184K acquisition costs.
You know 47849 now. You don’t know where it ranks.
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