Real Estate Investing in Earl Park, Indiana (47942)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47942 (Earl Park, 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 Earl Park, IN (47942)?
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Market Analysis: 47942 Earl Park
Investors eyeing 47942 need to respect the fundamentals at play. Home values of $191K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47942 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 47942 and stronger Earl Park ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A notable renter share of 14% in 47942 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 47942 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Earl Park:
Market Trends
Home Value History (with trend line)
📊 How Does 47942 Compare?
| Metric | 47942 | Earl Park | Lafayette-West Lafayette, IN | Indiana |
|---|---|---|---|---|
| Home Value | $191,411 | $191,411 | N/A | $248,442 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47942 (Earl Park, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $191,411 |
| Monthly Rent | $864 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +13.6% ▲ |
| 3-Year CAGR | +9.2% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +10.1% ▲ |
🏠 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 (3.5%). 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 47942
Population: 789
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
Frequently Asked Questions
What price range are homes in Earl Park, IN?
The median home value in Earl Park, IN is roughly $191K. That puts it reasonable relative to the IN statewide average.
How much is rent in Earl Park, IN?
Rents in Earl Park, IN run near $864/mo. Compared with median home prices of $191K that produces solid gross yields for typical rentals.
What is the renter demographic in Earl Park, IN?
Earl Park, IN offers a reliable renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Earl Park, IN suited for a house hack?
For house hackers, Earl Park, IN is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $191K property.
How do landlord-tenant laws work in Earl Park, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Earl Park generally follows the statewide framework, so landlords face reasonable operating rules.
You know 47942 now. You don’t know where it ranks.
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How 47942 ranks in Lafayette-West Lafayette, IN
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