Real Estate Investing in New Richmond, Indiana (47967)
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Should you buy in 47967 (New Richmond, 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.
No major risk flags on the data we track.
• 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 Richmond, IN (47967)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47967 New Richmond
The 47967 ZIP covers a section of New Richmond that demands careful diligence. Prices near $234K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $234K asset, 47967 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in New Richmond have seen price recovery that 47967 has not matched. Montgomery County data supports the view that the spread is structural rather than temporary.
The demographic picture in 47967 includes headwinds that any investor should price in. Income distribution skews lower than New Richmond averages, and tenant stability requires active management.
Distressed ZIPs reward experience. notable returns are possible in 47967, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in New Richmond:
Market Trends
Home Value History (with trend line)
📊 How Does 47967 Compare?
| Metric | 47967 | New Richmond | Crawfordsville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $234,197 | $234,197 | N/A | $248,442 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 7.7% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47967 (New Richmond, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $234,197 |
| Monthly Rent | $972 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 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 (3.2%). 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 47967
Population: 853
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What kind of market is New Richmond, IN for investors?
Investors tracking New Richmond, IN will find a 3.0/5 rating supported by $234K median home values and $972/mo rents. That profile suits long-term holders targeting consistent returns.
What is the best play in New Richmond, IN?
For New Richmond, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are rents high in New Richmond, IN?
New Richmond, IN rentals go for roughly $972/mo a month. That puts gross yield in solid territory relative to $234K acquisition costs.
What are home prices like in New Richmond, IN?
The median home value in New Richmond, IN is roughly $234K. That puts it reasonable relative to the IN statewide average.
How strong is tenant demand in New Richmond, IN?
New Richmond, IN draws a measured base of working renters. Demand at the $972/mo rent level is reasonable for standard single-family and small multi rentals.
You know 47967 now. You don’t know where it ranks.
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How 47967 ranks in Crawfordsville, IN
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