Real Estate Investing in Veedersburg, Indiana (47987)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47987 (Veedersburg, 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.
- Elevated vacancy: 8.4% 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 Veedersburg, IN (47987)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47987 Veedersburg
ZIP 47987 in Veedersburg, IN carries a significant set of headwinds. Home values near $198K and rents of $864/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $198K asset, 47987 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Veedersburg have seen price recovery that 47987 has not matched. Fountain County data supports the view that the spread is structural rather than temporary.
The 47987 ZIP's population of 3,705 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategically, 47987 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Veedersburg:
Property Strategy for 47987
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $190,226 | $1,180 | 4.5% | +9.5% | $63,409 |
| 4BR | $254,083 | $1,600 | 4.5% | +9.3% | $63,521 |
Market Trends
Home Value History (with trend line)
📊 How Does 47987 Compare?
| Metric | 47987 | Veedersburg | Indiana |
|---|---|---|---|
| Home Value | $197,834 | $197,834 | $248,442 |
| 5-Year CAGR | 7.3% | 7.3% | 7.7% |
| Avg Rent | $864 | $864 | - |
| 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 47987 (Veedersburg, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $197,834 |
| Monthly Rent | $864 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 47987
Population: 3,705
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 47987
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.
Frequently Asked Questions
How strong is Veedersburg, IN for real estate investors?
Veedersburg, IN rates 3.0/5 for investability. With median values at $198K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
How quickly do rentals get leased in Veedersburg, IN?
Vacancy risk in Veedersburg, IN is elevated. That supports stable cash flow for typical rental holds.
Is Veedersburg, IN suited for a house hack?
For house hackers, Veedersburg, IN is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $198K property.
How should investors approach Veedersburg, IN?
In Veedersburg, IN the solid play is typically careful cash-flow rentals with hands-on management. The combination of $198K prices and $864/mo rents suits that approach.
How much rent can I charge in Veedersburg, IN?
Rents in Veedersburg, IN run near $864/mo. Compared with median home prices of $198K that produces solid gross yields for typical rentals.
You know 47987 now. You don’t know where it ranks.
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