Real Estate Investing in Waynetown, Indiana (47990)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47990 (Waynetown, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.4% 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 Waynetown, IN (47990)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47990 Waynetown
The 47990 ZIP covers a section of Waynetown that demands careful diligence. Prices near $210K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 47990 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 47990's metrics run below Montgomery County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 47990 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. substantial returns are possible in 47990, 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 Waynetown:
Property Strategy for 47990
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $152,102 | $1,050 | 5.0% | +8.8% | $76,051 |
| 3BR | $206,999 | $1,390 | 4.8% | +7.9% | $69,000 |
| 4BR | $227,763 | $1,520 | 4.8% | — | $56,941 |
Market Trends
Home Value History (with trend line)
📊 How Does 47990 Compare?
| Metric | 47990 | Waynetown | Crawfordsville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $210,458 | $210,458 | N/A | $248,442 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.7% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 47990 (Waynetown, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47990 (Waynetown, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $210,458 |
| Monthly Rent | $945 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.5%). 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 47990
Population: 1,374
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
How much should I expect to pay for a home in Waynetown, IN?
Expect median prices around $210K in Waynetown, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Are rents high in Waynetown, IN?
Rents in Waynetown, IN run near $945/mo. Compared with median home prices of $210K that produces solid gross yields for typical rentals.
Is rental property easy to operate in Waynetown, IN?
The landlord environment in Waynetown, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does house hacking work in Waynetown, IN?
House hacking in Waynetown, IN is reasonable to execute. Prices around $210K and rents of $945/mo solid owner-occupant economics.
How qualified is the tenant pool in Waynetown, IN?
The tenant pool in Waynetown, IN is solid, supported by local employment and population fundamentals. Rents of $945/mo are well-absorbed by the market.
You know 47990 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47990 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 47990 ranks in Crawfordsville, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47990 (Waynetown)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47990 (Waynetown, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.