Real Estate Investing in New Market, Indiana (47965)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47965 (New Market, IN)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
• 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 New Market, IN (47965)?
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Market Analysis: 47965 New Market
ZIP 47965 inside Montgomery County looks affordable on the surface — median value of $178K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47965 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 47965 sits on the difficult end of the IN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 47965 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.
Experienced landlords with local relationships tend to find 47965 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 New Market:
Market Trends
Home Value History (with trend line)
📊 How Does 47965 Compare?
| Metric | 47965 | New Market | Crawfordsville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $177,755 | $177,755 | N/A | $248,442 |
| 5-Year CAGR | N/A | N/A | N/A | 7.7% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47965 (New Market, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $177,755 |
| Monthly Rent | $963 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.2%). 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 47965
Population: 550
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 47965
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are homes affordable in New Market, IN?
New Market, IN home values average about $178K. That price point suits investors targeting rentals with $963/mo in monthly income.
Is the tenant base reliable in New Market, IN?
The renter base in New Market, IN is reasonable for the $963/mo price point. Screening well and pricing to market typically yields stable tenants.
How much rent can I charge in New Market, IN?
New Market, IN rentals go for roughly $963/mo a month. That puts gross yield in solid territory relative to $178K acquisition costs.
Which investment style suits New Market, IN?
A careful cash-flow rentals with hands-on management strategy New Market, IN best. The market produces predictable results for that approach at the $178K price point.
What does house hacking look like in New Market, IN?
The a challenging house-hack environment in New Market, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 47965 now. You don’t know where it ranks.
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How 47965 ranks in Crawfordsville, IN
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