Real Estate Investing in Newport, Indiana (47966)
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Should you buy in 47966 (Newport, IN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.1% of homes vacant — above national norms.
• 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 Newport, IN (47966)?
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Market Analysis: 47966 Newport
The 47966 ZIP in Newport is not a pristine, turnkey story — it is a value-add map. Stock is older, prices near $83K are approachable, and upside sits in the rehab line.
Investors in 47966 do not buy the market average — they buy the unit they can improve. $83K median pricing and $1,035/mo comps define the envelope within which the work has to pay.
Across IN, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 47966 posts both traits clearly.
A renter-heavy, wage-earner demographic anchors 47966. Value-add players rely on that mix — the 8% share is both the tenant source and the buyer pool for future owner-occupied exits.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Newport:
Market Trends
Home Value History (with trend line)
📊 How Does 47966 Compare?
| Metric | 47966 | Newport | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $82,666 | $82,666 | N/A | $248,442 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 7.7% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 9.8% | 9.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47966 (Newport, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $82,666 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 6.7:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 15.0% |
| Cap Rate | 9.8% |
| 5-Year IRR | 14.2% |
📈 Home Appreciation
| 1-Year | 0.0% ▼ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47966
Population: 297
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
What price range are homes in Newport, IN?
Typical homes in Newport, IN go for around $83K. The 5-year CAGR of 0.0% steady price movement.
Does rental property in Newport, IN pass the 1% rule?
The 1% rule in Newport, IN is reasonable to achieve. Rent-to-price at the median ($1,035/mo on $83K) lands around 1.25%.
Is Newport in IN worth investing in?
The 5.0/5 investability rating in Newport, IN reflects its $83K prices and $1,035/mo rents. Investors generally consider it a solid option within IN.
How well does BRRRR work in Newport, IN?
BRRRR viability in Newport, IN is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
How strong are rents in Newport, IN?
Newport, IN rentals go for roughly $1,035/mo a month. That puts gross yield in solid territory relative to $83K acquisition costs.
You know 47966 now. You don’t know where it ranks.
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How 47966 ranks in Terre Haute, IN
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