Real Estate Investing in Chalmers, Indiana (47929)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47929 (Chalmers, 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.
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 Chalmers, IN (47929)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47929 Chalmers
The 47929 ZIP covers a section of Chalmers that demands careful diligence. Prices near $230K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 47929 can be a a strong candidate for hunting ground — but the discount at $230K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 47929 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A resilient renter share of 22% in 47929 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. solid returns are possible in 47929, 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 Chalmers:
Market Trends
Home Value History (with trend line)
📊 How Does 47929 Compare?
| Metric | 47929 | Chalmers | Indiana |
|---|---|---|---|
| Home Value | $230,039 | $230,039 | $248,442 |
| 5-Year CAGR | 7.7% | 7.7% | 7.7% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 47929 (Chalmers, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,039 |
| Monthly Rent | $900 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (3.1%). 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 47929
Population: 707
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 47929
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 Chalmers, IN?
The typical rental in Chalmers, IN commands about $900/mo monthly. That rent profile steady cash flow against the $230K purchase basis.
Is the tenant base reliable in Chalmers, IN?
The renter base in Chalmers, IN is reasonable for the $900/mo price point. Screening well and pricing to market typically yields consistent tenants.
How quickly do rentals get leased in Chalmers, IN?
Vacancy risk in Chalmers, IN is elevated. That supports stable cash flow for typical rental holds.
What strategy should investors use in Chalmers, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Chalmers, IN. With home values at $230K and rents near $900/mo, other strategies can work but produce steady rather than outsized returns.
Is Chalmers, IN a smart market for rental property?
With a 3.0/5 investability score, Chalmers, IN ranks as a solid market for rental property investors. Median prices of $230K and rents of $900/mo drive the underlying numbers.
You know 47929 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47929 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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