Real Estate Investing in Brookston, Indiana (47923)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47923 (Brookston, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.5% 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 Brookston, IN (47923)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47923 Brookston
On balance, ZIP 47923 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $249K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47923 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 47923 and stronger Brookston ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A notable renter share of 16% in 47923 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Brookston:
Property Strategy for 47923
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $186,454 | $1,020 | 3.9% | +9.5% | $93,227 |
| 3BR | $241,539 | $1,230 | 3.7% | +10.1% | $80,513 |
| 4BR | $312,998 | $1,360 | 3.1% | +10.3% | $78,250 |
Market Trends
Home Value History (with trend line)
📊 How Does 47923 Compare?
| Metric | 47923 | Brookston | Indiana |
|---|---|---|---|
| Home Value | $249,341 | $249,341 | $248,442 |
| 5-Year CAGR | 7.8% | 7.8% | 7.7% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 47923 (Brookston, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $249,341 |
| Monthly Rent | $918 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (2.9%). 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 47923
Population: 3,550
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 47923
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 47,013 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Brookston, IN?
The best-fit strategy in Brookston, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can owner-occupants cash flow in Brookston, IN?
Brookston, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $249K price point reasonable to enter.
What is the typical home price in Brookston, IN?
In Brookston, IN the median home value sits at $249K. Against the broader IN market, that reads as reasonable for most investors.
How strict are landlord regulations in Brookston, IN?
Rental owners in Brookston, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is the tenant base reliable in Brookston, IN?
The renter base in Brookston, IN is reasonable for the $918/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 47923 now. You don’t know where it ranks.
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