Real Estate Investing in Medaryville, Indiana (47957)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47957 (Medaryville, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 22.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Medaryville, IN (47957)?
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Market Analysis: 47957 Medaryville
ZIP 47957 in Medaryville, IN carries a sturdy set of headwinds. Home values near $183K and rents of $1,044/mo sit inside a market where underwriting has to be tight.
Rent of $1,044/mo on a $183K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 47957 sits below the stated 0.0% once reality is priced in.
Within IN, ZIP 47957 trails on several market indicators that neighboring Pulaski County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Demographically, 47957 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.
Strategically, 47957 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 Medaryville:
Property Strategy for 47957
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $121,518 | $1,160 | 6.9% | +12.4% | $60,759 |
| 3BR | $172,538 | $1,610 | 6.7% | +10.6% | $57,513 |
| 4BR | $232,164 | $1,940 | 6.0% | +9.8% | $58,041 |
Market Trends
Home Value History (with trend line)
📊 How Does 47957 Compare?
| Metric | 47957 | Medaryville | Indiana |
|---|---|---|---|
| Home Value | $183,278 | $183,278 | $248,442 |
| 5-Year CAGR | 8.8% | 8.8% | 7.7% |
| Avg Rent | $1,044 | $1,044 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47957 (Medaryville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $183,278 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 13.2% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +8.8% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 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 (4.4%). 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 47957
Population: 2,067
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 landlord laws favorable in Medaryville, IN?
Medaryville, IN operates under IN law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
How does Medaryville, IN stack up for property investment?
Yes - Medaryville, IN a 3.0/5 investability score. With $183K home prices against $1,044/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much does a house cost in Medaryville, IN?
Homes in Medaryville, IN typically sell near $183K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
What do landlords charge for rent in Medaryville, IN?
Rent in Medaryville, IN is around $1,044/mo. The resulting rent-to-value relationship with $183K pricing is reasonable for most investor models.
How strong is the working-renter base in Medaryville, IN?
The renter base in Medaryville, IN is reasonable for the $1,044/mo price point. Screening well and pricing to market typically yields stable tenants.
You know 47957 now. You don’t know where it ranks.
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How 47957 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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