Real Estate Investing in Darlington, Indiana (47940)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47940 (Darlington, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.9% 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 Darlington, IN (47940)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47940 Darlington
The 47940 ZIP covers a section of Darlington that demands careful diligence. Prices near $224K look accessible, but the work to make a deal cash flow is real.
From a cash-flow lens, the numbers look inviting — $224K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47940 is substantial and deserves full respect.
Regionally, 47940 sits on the difficult end of the IN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
In practical terms, 1,490 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. resilient returns are possible in 47940, 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 Darlington:
Property Strategy for 47940
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $144,006 | $960 | 4.8% | — | $72,003 |
| 3BR | $221,233 | $1,270 | 4.1% | +8.3% | $73,744 |
| 4BR | $273,810 | $1,390 | 3.7% | — | $68,453 |
Market Trends
Home Value History (with trend line)
📊 How Does 47940 Compare?
| Metric | 47940 | Darlington | Crawfordsville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $224,379 | $224,379 | N/A | $248,442 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.7% |
| Avg Rent | $864 | $864 | 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 47940 (Darlington, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47940 (Darlington, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $224,379 |
| Monthly Rent | $864 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.0%). 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 47940
Population: 1,490
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How tight is the rental market in Darlington, IN?
Vacancy risk in Darlington, IN is elevated. That supports predictable cash flow for typical rental holds.
Does Darlington, IN favor landlords or tenants?
Rental owners in Darlington, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How does Darlington, IN rate as a rental market?
Darlington, IN scores 3.0/5 for investability. Home values sit at $224K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Can I live-in-and-rent in Darlington, IN?
House hacking in Darlington, IN is a challenging. With home values around $224K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
What is the average monthly rent in Darlington, IN?
Rent in Darlington, IN is around $864/mo. The resulting rent-to-value relationship with $224K pricing is reasonable for most investor models.
You know 47940 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47940 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.
How 47940 ranks in Crawfordsville, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47940 (Darlington)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47940 (Darlington, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.