Real Estate Investing in Fowler, Indiana (47944)
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Should you buy in 47944 (Fowler, 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.
- Elevated vacancy: 11.0% 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 Fowler, IN (47944)?
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Market Analysis: 47944 Fowler
The 47944 ZIP covers a section of Fowler that demands careful diligence. Prices near $210K look accessible, but the work to make a deal cash flow is real.
The investment case in 47944 is notable only for operators who understand what they are buying. A $210K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IN, ZIP 47944 trails on several market indicators that neighboring Benton County submarkets outperform. The gap is real and significant enough to shape underwriting.
The demographic picture in 47944 includes headwinds that any investor should price in. Income distribution skews lower than Fowler averages, and tenant stability requires active management.
Strategically, 47944 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Fowler:
Property Strategy for 47944
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $145,764 | $1,050 | 5.2% | +12.9% | $72,882 |
| 3BR | $206,095 | $1,260 | 4.4% | +10.2% | $68,698 |
| 4BR | $245,583 | $1,670 | 4.9% | +9.5% | $61,396 |
Market Trends
Home Value History (with trend line)
📊 How Does 47944 Compare?
| Metric | 47944 | Fowler | Lafayette-West Lafayette, IN | Indiana |
|---|---|---|---|---|
| Home Value | $210,009 | $210,009 | N/A | $248,442 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 7.7% |
| Avg Rent | $945 | $945 | 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 47944 (Fowler, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,009 |
| Monthly Rent | $945 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 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 47944
Population: 3,492
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
Is Fowler, IN suited for a house hack?
The a challenging house-hack environment in Fowler, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How does Fowler, IN stack up for property investment?
Yes - Fowler, IN a 3.0/5 investability score. With $210K home prices against $945/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strong is tenant demand in Fowler, IN?
Working renters make up the core of the Fowler, IN tenant base. The pool is reasonable for investors targeting long-term holds.
How much do tenants pay in Fowler, IN?
Rent in Fowler, IN is around $945/mo. The resulting rent-to-value relationship with $210K pricing is reasonable for most investor models.
What is the average home sale price in Fowler, IN?
Expect median prices around $210K in Fowler, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
You know 47944 now. You don’t know where it ranks.
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How 47944 ranks in Lafayette-West Lafayette, IN
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