Real Estate Investing in Hymera, Indiana (47855)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47855 (Hymera, IN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.0% 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 Hymera, IN (47855)?
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Market Analysis: 47855 Hymera
Within Sullivan County, the 47855 ZIP sits at a lower entry point around $80K. Stepping back, operators who can improve stock here typically see outsized uplift.
Cap rate math of 0.0% understates the return here. Post-rehab, stabilized yields climb, and the 47855 ZIP's older housing stock gives operators the opportunity set to execute.
Statewide, IN value-add investors migrate toward ZIPs with 47855's profile — older stock, soft but real rent growth, and $80K pricing that keeps rehab math workable.
A renter-heavy, wage-earner demographic anchors 47855. Value-add players rely on that mix — the 35% share is both the tenant source and the buyer pool for future owner-occupied exits.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Hymera:
Market Trends
Home Value History (with trend line)
📊 How Does 47855 Compare?
| Metric | 47855 | Hymera | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $79,507 | $79,507 | N/A | $248,442 |
| 5-Year CAGR | 2.2% | 2.2% | N/A | 7.7% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 9.7% | 9.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47855 (Hymera, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $79,507 |
| Monthly Rent | $990 |
| Price-to-Rent | 6.7:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.9% |
| Cap Rate | 9.7% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.7%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47855
Population: 835
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 47855
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 do home values compare in Hymera, IN?
The median home value in Hymera, IN is roughly $80K. That puts it reasonable relative to the IN statewide average.
Is it possible to hit the 1% rule in Hymera, IN?
Hymera, IN delivers a 1.25% rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.
Is Hymera, IN a viable BRRRR market?
Operators BRRRR-ing in Hymera, IN report a strong results. Focus on sub-market acquisition and tight rehab budgets to capture the spread.
How should investors approach Hymera, IN?
Investors usually favor value-add and BRRRR deals in Hymera, IN. With home values at $80K and rents near $990/mo, other strategies can work but produce stable rather than outsized returns.
What is the typical rental rate in Hymera, IN?
Expect rents around $990/mo per month in Hymera, IN. With home values at $80K, the yield math works out to reasonable levels for rental investors.
You know 47855 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47855 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 47855 ranks in Terre Haute, IN
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