Real Estate Investing in Wingate, Indiana (47994)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47994 (Wingate, 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: 11.4% vacancy may signal weakening demand.
• 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 Wingate, IN (47994)?
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Market Analysis: 47994 Wingate
Investors eyeing 47994 need to respect the fundamentals at play. Home values of $223K come alongside slower price movement and elevated management overhead.
The investment case in 47994 is sturdy only for operators who understand what they are buying. A $223K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader IN picture, 47994 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 47994 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 47994 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 Wingate:
Market Trends
Home Value History (with trend line)
📊 How Does 47994 Compare?
| Metric | 47994 | Wingate | Crawfordsville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $222,573 | $222,573 | N/A | $248,442 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.7% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47994 (Wingate, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $222,573 |
| Monthly Rent | $891 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 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 (3.1%). 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 47994
Population: 510
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 strong is tenant demand in Wingate, IN?
Working renters make up the core of the Wingate, IN tenant base. The pool is reasonable for investors targeting long-term holds.
Which investment style suits Wingate, IN?
A careful cash-flow rentals with hands-on management strategy Wingate, IN best. The market produces measured results for that approach at the $223K price point.
How much does a house cost in Wingate, IN?
In Wingate, IN the median home value sits at $223K. Against the broader IN market, that reads as reasonable for most investors.
Can owner-occupants cash flow in Wingate, IN?
Wingate, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $223K price point reasonable to enter.
How tight is the rental market in Wingate, IN?
Vacancy risk in Wingate, IN is elevated. That supports predictable cash flow for typical rental holds.
You know 47994 now. You don’t know where it ranks.
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How 47994 ranks in Crawfordsville, IN
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