Real Estate Investing in Cayuga, Indiana (47854)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47854 (Cayuga, 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: 17.7% of homes vacant — above national norms.
• 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 Cayuga, IN (47854)?
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Market Analysis: 47854 Cayuga
Investors eyeing 47854 need to respect the fundamentals at play. Home values of $207K come alongside slower price movement and elevated management overhead.
For an experienced owner, 47854 can be a a strong candidate for hunting ground — but the discount at $207K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 47854 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 47854 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 47854 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 Cayuga:
Property Strategy for 47854
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $134,758 | $1,040 | 5.6% | +8.3% | $67,379 |
| 3BR | $200,131 | $1,270 | 4.6% | +7.9% | $66,710 |
Market Trends
Home Value History (with trend line)
📊 How Does 47854 Compare?
| Metric | 47854 | Cayuga | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $206,558 | $171,382 | N/A | $248,442 |
| 5-Year CAGR | 7.0% | 6.3% | N/A | 7.7% |
| Avg Rent | $936 | $986 | N/A | - |
| Cap Rate | 3.5% | 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 47854 (Cayuga, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $206,558 |
| Monthly Rent | $936 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.5%). 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 47854
Population: 884
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
How should investors approach Cayuga, IN?
Most investors in Cayuga, IN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What do rentals go for in Cayuga, IN?
Rental rates in Cayuga, IN average $936/mo. Tenant demand and $207K home values make the yield look reasonable by investor standards.
Should investors worry about vacancy in Cayuga, IN?
Vacancy in Cayuga, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $936/mo.
Is Cayuga, IN suited for a house hack?
The a challenging house-hack environment in Cayuga, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is the tenant base reliable in Cayuga, IN?
The renter base in Cayuga, IN is reasonable for the $936/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
You know 47854 now. You don’t know where it ranks.
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How 47854 ranks in Terre Haute, IN
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