Real Estate Investing in New Ross, Indiana (47968)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47968 (New Ross, 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.
- Higher unemployment: 7.5% 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 New Ross, IN (47968)?
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Market Analysis: 47968 New Ross
Investors eyeing 47968 need to respect the fundamentals at play. Home values of $253K come alongside slower price movement and elevated management overhead.
The investment case in 47968 is resilient only for operators who understand what they are buying. A $253K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 47968 sits on the difficult end of the IN spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 47968 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 47968 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in New Ross:
Property Strategy for 47968
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $163,960 | $1,210 | 5.3% | — | $81,980 |
| 3BR | $246,119 | $1,600 | 4.7% | — | $82,040 |
Market Trends
Home Value History (with trend line)
📊 How Does 47968 Compare?
| Metric | 47968 | New Ross | Crawfordsville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $252,553 | $252,553 | N/A | $248,442 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.7% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47968 (New Ross, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $252,553 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.4%). 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 47968
Population: 1,283
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 47968
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 Ross, IN?
New Ross, IN home values average about $253K. That price point suits investors targeting rentals with $1,089/mo in monthly income.
Are tenants stable in New Ross, IN?
New Ross, IN draws a consistent base of working renters. Demand at the $1,089/mo rent level is reasonable for standard single-family and small multi rentals.
What is it like being a landlord in New Ross, IN?
IN law landlord-friendly for landlords, and New Ross inherits those rules. Investors should still review local ordinances for rental licensing.
What type of investing works in New Ross, IN?
Investors usually favor careful cash-flow rentals with hands-on management in New Ross, IN. With home values at $253K and rents near $1,089/mo, other strategies can work but produce even-keeled rather than outsized returns.
Is New Ross, IN a good market for buy-and-hold investors?
Our data puts New Ross, IN at 3.0/5 for investability. Home prices of $253K and rents around $1,089/mo create a solid backdrop for investor activity.
You know 47968 now. You don’t know where it ranks.
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How 47968 ranks in Crawfordsville, IN
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