Real Estate Investing in Cayuga, Indiana (47928)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47928 (Cayuga, 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.
- High vacancy: 17.0% 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 Cayuga, IN (47928)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47928 Cayuga
ZIP 47928 inside Vermillion County looks affordable on the surface — median value of $136K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 47928 can be a a credible choice for hunting ground — but the discount at $136K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Cayuga have seen price recovery that 47928 has not matched. Vermillion County data supports the view that the spread is structural rather than temporary.
The 47928 ZIP's population of 1,748 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
looks to 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 Cayuga:
Property Strategy for 47928
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $88,760 | $1,150 | 9.3% | +6.1% | $44,380 |
| 3BR | $122,210 | $1,380 | 8.1% | +6.9% | $40,737 |
Market Trends
Home Value History (with trend line)
📊 How Does 47928 Compare?
| Metric | 47928 | Cayuga | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $136,207 | $171,382 | N/A | $248,442 |
| 5-Year CAGR | 5.6% | 6.3% | N/A | 7.7% |
| Avg Rent | $1,035 | $986 | N/A | - |
| Cap Rate | 5.9% | 4.7% | - | - |
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 47928 (Cayuga, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $136,207 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (5.9%). 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 47928
Population: 1,748
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 47928
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 844 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do landlords charge for rent in Cayuga, IN?
Rent in Cayuga, IN is around $1,035/mo. The resulting rent-to-value relationship with $136K pricing is reasonable for most investor models.
Can I house hack in Cayuga, IN?
Cayuga, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $136K price point reasonable to enter.
What price range are homes in Cayuga, IN?
Median home price in Cayuga, IN is near $136K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How landlord-friendly is Cayuga, IN?
The landlord environment in Cayuga, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are renters plentiful in Cayuga, IN?
Cayuga, IN draws a even-keeled base of working renters. Demand at the $1,035/mo rent level is reasonable for standard single-family and small multi rentals.
You know 47928 now. You don’t know where it ranks.
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How 47928 ranks in Terre Haute, IN
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