Real Estate Investing in Marshall, Indiana (47859)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47859 (Marshall, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 28.2% 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 Marshall, IN (47859)?
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Market Analysis: 47859 Marshall
Not every below-median market is a bargain. Marshall's 47859 ZIP reports signals that favor experienced operators who can absorb the risk $254K pricing implies.
The investment case in 47859 is durable only for operators who understand what they are buying. A $254K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 47859 and stronger Marshall ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Stepping back, 1,078 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 47859 is an operator game, not a passive one. From an investor standpoint, entry prices of $254K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Marshall:
Property Strategy for 47859
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $159,668 | $1,230 | 5.5% | +11.0% | $79,834 |
| 3BR | $216,129 | $1,620 | 5.4% | +9.6% | $72,043 |
Market Trends
Home Value History (with trend line)
📊 How Does 47859 Compare?
| Metric | 47859 | Marshall | Indiana |
|---|---|---|---|
| Home Value | $254,106 | $254,106 | $248,442 |
| 5-Year CAGR | 9.3% | 9.3% | 7.7% |
| Avg Rent | $1,107 | $1,107 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 47859 (Marshall, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $254,106 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +13.5% ▲ |
| 3-Year CAGR | +10.3% ▲ |
| 5-Year CAGR | +9.3% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 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 (3.4%). 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 47859
Population: 1,078
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 47859
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
What is the typical home price in Marshall, IN?
In Marshall, IN the median home value sits at $254K. Against the broader IN market, that reads as reasonable for most investors.
How strong is tenant demand in Marshall, IN?
Working renters make up the core of the Marshall, IN tenant base. The pool is reasonable for investors targeting long-term holds.
Is real estate in Marshall, IN a good investment right now?
Marshall, IN scores 3.0/5 for investability. Home values sit at $254K and rents near $1,107/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Marshall, IN better for rentals, flips, or BRRRR?
Marshall, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($254K prices, $1,107/mo rents) make it a reasonable choice.
Is Marshall, IN a good market for FHA house hackers?
Marshall, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $254K price point reasonable to enter.
You know 47859 now. You don’t know where it ranks.
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