Real Estate Investing in Perrysville, Indiana (47974)
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Should you buy in 47974 (Perrysville, 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.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Perrysville, IN (47974)?
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Market Analysis: 47974 Perrysville
This part of Vermillion County is not an easy win. The 47974 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 47974 can be a a strong candidate for hunting ground — but the discount at $169K reflects genuine risk that outside investors often underestimate.
Stepping back, 47974 offers a low basis, the region around Perrysville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 47974 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.
New investors are better served looking at Perrysville's stable or hybrid ZIPs before stepping into 47974. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Perrysville:
Market Trends
Home Value History (with trend line)
📊 How Does 47974 Compare?
| Metric | 47974 | Perrysville | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $168,550 | $168,550 | N/A | $248,442 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 7.7% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47974 (Perrysville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $168,550 |
| Monthly Rent | $882 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (4.1%). 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 47974
Population: 1,399
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
Investor Insight: With 844 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Perrysville, IN stack up for property investment?
Perrysville, IN records an investability rating of 3.0/5, with median home values near $169K and average rents around $882/mo. That combination puts it in the substantial tier for investor interest.
What is the rental occupancy rate in Perrysville, IN?
Occupancy in Perrysville, IN runs predictable with elevated vacancy. Well-priced units at $882/mo lease on reasonable timelines.
What do rentals go for in Perrysville, IN?
Average rent in Perrysville, IN is approximately $882/mo per month. Against $169K home values that yields a reasonable rent-to-price ratio.
Which real estate strategy fits Perrysville, IN?
The best-fit strategy in Perrysville, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the renter demographic in Perrysville, IN?
Perrysville, IN offers a consistent renter base at the $882/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 47974 now. You don’t know where it ranks.
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How 47974 ranks in Terre Haute, IN
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