Real Estate Investing in Kentland, Indiana (47951)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47951 (Kentland, 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: 10.5% vacancy may signal weakening demand.
- Higher unemployment: 9.6% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Kentland, IN (47951)?
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Market Analysis: 47951 Kentland
The 47951 ZIP in Kentland, IN is a local-operator market. Outside capital chasing a $177K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $177K asset, 47951 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader IN picture, 47951 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 47951 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 47951 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Kentland:
Property Strategy for 47951
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $116,199 | $980 | 6.1% | +8.8% | $58,099 |
| 3BR | $176,340 | $1,200 | 4.9% | +8.0% | $58,780 |
| 4BR | $207,357 | $1,300 | 4.5% | +8.0% | $51,839 |
Market Trends
Home Value History (with trend line)
📊 How Does 47951 Compare?
| Metric | 47951 | Kentland | Indiana |
|---|---|---|---|
| Home Value | $177,408 | $177,408 | $248,442 |
| 5-Year CAGR | 5.5% | 5.5% | 7.7% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47951 (Kentland, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $177,408 |
| Monthly Rent | $882 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.9%). 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 47951
Population: 2,246
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 47951
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.
Frequently Asked Questions
Is Kentland, IN a good place for real estate investing?
Yes - Kentland, IN a 3.0/5 investability score. With $177K home prices against $882/mo monthly rent, the market delivers a reasonable entry point for new investors.
Where do rents currently stand in Kentland, IN?
Investors in Kentland, IN typically see rents near $882/mo per month against $177K home values - a solid setup for rental cash flow.
What is the best play in Kentland, IN?
Kentland, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($177K prices, $882/mo rents) make it a reasonable choice.
Can owner-occupants cash flow in Kentland, IN?
Kentland, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $177K price point reasonable to enter.
How deep is the rental pool in Kentland, IN?
Expect a solid tenant pool in Kentland, IN. The rental market absorbs $882/mo rents without meaningful friction.
You know 47951 now. You don’t know where it ranks.
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How 47951 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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