Real Estate Investing in Montezuma, Indiana (47862)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47862 (Montezuma, IN)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Montezuma, IN (47862)?
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Market Analysis: 47862 Montezuma
Not every below-median market is a bargain. Montezuma's 47862 ZIP reflects signals that favor experienced operators who can absorb the risk $129K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 47862 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Montezuma have seen price recovery that 47862 has not matched. Parke County data supports the view that the spread is structural rather than temporary.
Turning to rents, 1,262 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.
The 47862 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Montezuma:
Property Strategy for 47862
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $74,317 | $1,040 | 10.1% | +12.0% | $37,159 |
| 3BR | $143,642 | $1,370 | 6.9% | +9.8% | $47,881 |
Market Trends
Home Value History (with trend line)
📊 How Does 47862 Compare?
| Metric | 47862 | Montezuma | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $128,528 | $128,528 | N/A | $248,442 |
| 5-Year CAGR | 8.7% | 8.7% | N/A | 7.7% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 5.7% | 5.7% | - | - |
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 47862 (Montezuma, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $128,528 |
| Monthly Rent | $936 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 14.4% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | +8.7% ▲ |
| 10-Year CAGR | +9.8% ▲ |
🏠 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 (5.7%). 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 47862
Population: 1,262
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 47862
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 rental rate in Montezuma, IN?
The typical rental in Montezuma, IN commands about $936/mo monthly. That rent profile consistent cash flow against the $129K purchase basis.
What is the tenant pool like in Montezuma, IN?
Expect a solid tenant pool in Montezuma, IN. The rental market absorbs $936/mo rents without meaningful friction.
Does Montezuma, IN make sense for an investment property?
The 3.0/5 investability rating in Montezuma, IN reflects its $129K prices and $936/mo rents. Investors generally consider it a solid option within IN.
What is the smart move for investors in Montezuma, IN?
Most investors in Montezuma, 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 kind of vacancy should I budget for in Montezuma, IN?
Occupancy in Montezuma, IN runs steady with elevated vacancy. Well-priced units at $936/mo lease on reasonable timelines.
You know 47862 now. You don’t know where it ranks.
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