Real Estate Investing in Boswell, Indiana (47921)
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Should you buy in 47921 (Boswell, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 11.5% 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 Boswell, IN (47921)?
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Market Analysis: 47921 Boswell
ZIP 47921 in Boswell, IN carries a substantial set of headwinds. Home values near $172K and rents of $999/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $172K asset, 47921 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader IN picture, 47921 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 47921 ZIP's population of 1,131 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategically, 47921 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Boswell:
Property Strategy for 47921
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $122,007 | $1,110 | 6.6% | +11.3% | $61,004 |
| 3BR | $165,467 | $1,340 | 5.8% | +11.4% | $55,156 |
| 4BR | $186,643 | $1,760 | 6.8% | +9.2% | $46,661 |
Market Trends
Home Value History (with trend line)
📊 How Does 47921 Compare?
| Metric | 47921 | Boswell | Lafayette-West Lafayette, IN | Indiana |
|---|---|---|---|---|
| Home Value | $172,009 | $172,009 | N/A | $248,442 |
| 5-Year CAGR | 8.9% | 8.9% | N/A | 7.7% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47921 (Boswell, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $172,009 |
| Monthly Rent | $999 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 13.4% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +8.9% ▲ |
| 10-Year CAGR | +12.1% ▲ |
🏠 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 (4.5%). 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 47921
Population: 1,131
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 does Boswell, IN rate as a rental market?
Boswell, IN rates 3.0/5 for investability. With median values at $172K and rents near $999/mo, the market offers reasonable fundamentals for rental investors.
How much is rent in Boswell, IN?
Rents in Boswell, IN run near $999/mo. Compared with median home prices of $172K that produces solid gross yields for typical rentals.
How strong is tenant demand in Boswell, IN?
Boswell, IN draws a stable base of working renters. Demand at the $999/mo rent level is reasonable for standard single-family and small multi rentals.
How much should I expect to pay for a home in Boswell, IN?
Typical homes in Boswell, IN go for around $172K. The 5-year CAGR of 0.0% stable price movement.
What is the rental occupancy rate in Boswell, IN?
Occupancy in Boswell, IN runs consistent with elevated vacancy. Well-priced units at $999/mo lease on reasonable timelines.
You know 47921 now. You don’t know where it ranks.
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How 47921 ranks in Lafayette-West Lafayette, IN
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