Real Estate Investing in Fair Oaks, Indiana (47943)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47943 (Fair Oaks, IN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 26.4% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 29.8 — hard to cash-flow at these prices.
• 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 Fair Oaks, IN (47943)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47943 Fair Oaks
The 47943 ZIP in Fair Oaks, IN is a local-operator market. Outside capital chasing a $364K entry has to pair deep knowledge with the discount.
Looking more closely, the numbers look inviting — $364K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47943 is substantial and deserves full respect.
Within IN, ZIP 47943 trails on several market indicators that neighboring Jasper County submarkets outperform. The gap is real and robust enough to shape underwriting.
Resident income in 47943 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 47943 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Fair Oaks:
Market Trends
Home Value History (with trend line)
📊 How Does 47943 Compare?
| Metric | 47943 | Fair Oaks | Indiana |
|---|---|---|---|
| Home Value | $364,219 | $364,219 | $248,442 |
| 5-Year CAGR | 6.7% | 6.7% | 7.7% |
| Avg Rent | $1,017 | $1,017 | - |
| Cap Rate | 2.2% | 2.2% | - |
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 47943 (Fair Oaks, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47943 (Fair Oaks, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $364,219 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 29.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.2%). 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 47943
Population: 967
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
Are renters plentiful in Fair Oaks, IN?
The tenant pool in Fair Oaks, IN is solid, supported by local employment and population fundamentals. Rents of $1,017/mo are well-absorbed by the market.
How landlord-friendly is Fair Oaks, IN?
IN law landlord-friendly for landlords, and Fair Oaks inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical vacancy rate in Fair Oaks, IN?
Expect elevated vacancy in Fair Oaks, IN. Rents at $1,017/mo are absorbed by the tenant base without meaningful lag.
What is the average monthly rent in Fair Oaks, IN?
Investors in Fair Oaks, IN typically see rents near $1,017/mo per month against $364K home values - a solid setup for rental cash flow.
Is housing expensive in Fair Oaks, IN?
Typical homes in Fair Oaks, IN go for around $364K. The 5-year CAGR of 0.0% consistent price movement.
You know 47943 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47943 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 47943 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47943 (Fair Oaks)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47943 (Fair Oaks, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.