Real Estate Investing in Crawfordsville, Indiana (47933)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47933 (Crawfordsville, 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.
What’s happening in Crawfordsville, IN (47933)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47933 Crawfordsville
Investors eyeing 47933 need to respect the fundamentals at play. Home values of $234K come alongside slower price movement and elevated management overhead.
Rent of $886/mo on a $234K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47933 sits below the stated 0.0% once reality is priced in.
ZIP 47933's metrics run below Montgomery County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 47933 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Crawfordsville's stable or hybrid ZIPs before stepping into 47933. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Crawfordsville:
Property Strategy for 47933
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $110,814 | $1,050 | 6.8% | +9.6% | $110,814 |
| 2BR | $165,795 | $1,230 | 5.3% | +9.1% | $82,898 |
| 3BR | $230,389 | $1,610 | 5.0% | +8.3% | $76,796 |
| 4BR | $288,616 | $1,940 | 4.8% | +8.0% | $72,154 |
| 5BR | $331,663 | — | — | +7.7% | $66,333 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47933 Compare?
| Metric | 47933 | Crawfordsville | Crawfordsville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $234,314 | $234,314 | N/A | $248,442 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.7% |
| Avg Rent | $886 | $886 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 47933 (Crawfordsville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $234,314 |
| Monthly Rent | $886 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | -6.4% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 47933
Population: 28,227
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 47933
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
Frequently Asked Questions
Where do rents currently stand in Crawfordsville, IN?
Crawfordsville, IN rentals go for roughly $886/mo a month. That puts gross yield in solid territory relative to $234K acquisition costs.
What strategy should investors use in Crawfordsville, IN?
Crawfordsville, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($234K prices, $886/mo rents) make it a reasonable choice.
Are there empty rentals in Crawfordsville, IN?
Expect elevated vacancy in Crawfordsville, IN. Rents at $886/mo are absorbed by the tenant base without meaningful lag.
Does house hacking make sense in Crawfordsville, IN?
The house hack math a challenging in Crawfordsville, IN. Owner-occupant buyers benefit from the $886/mo rents and $234K home values.
How does Crawfordsville, IN stack up for property investment?
Crawfordsville, IN scores 3.0/5 for investability. Home values sit at $234K and rents near $886/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 47933 now. You don’t know where it ranks.
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How 47933 ranks in Crawfordsville, IN
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