Real Estate Investing in Pimento, Indiana (47866)
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Should you buy in 47866 (Pimento, 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.
No major risk flags on the data we track.
• 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 Pimento, IN (47866)?
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Market Analysis: 47866 Pimento
The 47866 ZIP covers a section of Pimento that demands careful diligence. Prices near $195K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 47866 can be a a credible choice for hunting ground — but the discount at $195K reflects genuine risk that outside investors often underestimate.
Within IN, ZIP 47866 trails on several market indicators that neighboring Vigo County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Demographically, 47866 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.
Distressed ZIPs reward experience. durable returns are possible in 47866, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Pimento:
Market Trends
Home Value History (with trend line)
📊 How Does 47866 Compare?
| Metric | 47866 | Pimento | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $195,465 | $195,465 | N/A | $248,442 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.7% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47866 (Pimento, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $195,465 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (4.2%). 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 47866
Population: 512
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
Is Pimento, IN a good place for real estate investing?
Pimento, IN registers an investability rating of 3.0/5, with median home values near $195K and average rents around $1,062/mo. That combination puts it in the substantial tier for investor interest.
What approach is best for Pimento, IN real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Pimento, IN. The numbers - $195K homes against $1,062/mo rents - support that play.
How much do tenants pay in Pimento, IN?
Rent in Pimento, IN is around $1,062/mo. The resulting rent-to-value relationship with $195K pricing is reasonable for most investor models.
Do landlords face vacancy issues in Pimento, IN?
Expect elevated vacancy in Pimento, IN. Rents at $1,062/mo are absorbed by the tenant base without meaningful lag.
What price range are homes in Pimento, IN?
Median home price in Pimento, IN is near $195K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
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How 47866 ranks in Terre Haute, IN
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