Real Estate Investing in Alabaster, Alabama (35007)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35007 (Alabaster, AL)? 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.
No major risk flags on the data we track.
What’s happening in Alabaster, AL (35007)?
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Market Analysis: 35007 Alabaster
ZIP 35007 inside Shelby County looks affordable on the surface — median value of $297K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 35007 is healthy only for operators who understand what they are buying. A $297K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 35007 among AL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 35007 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 35007 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Alabaster:
Property Strategy for 35007
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $170,965 | $1,420 | 6.0% | +5.9% | $85,483 |
| 3BR | $266,581 | $1,780 | 4.8% | +6.5% | $88,860 |
| 4BR | $333,454 | $2,020 | 4.4% | +6.1% | $83,363 |
| 5BR | $407,180 | — | — | +5.2% | $81,436 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 35007 Compare?
| Metric | 35007 | Alabaster | Birmingham-Hoover, AL | Alabama |
|---|---|---|---|---|
| Home Value | $296,960 | $322,516 | N/A | $231,003 |
| 5-Year CAGR | 4.2% | 4.4% | N/A | 5.6% |
| Avg Rent | $1,862 | $1,520 | N/A | - |
| Cap Rate | 4.9% | 3.8% | - | - |
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 35007 (Alabaster, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $296,960 |
| Monthly Rent | $1,862 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 35007
Population: 27,935
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 35007
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
Is real estate in Alabaster, AL a good investment right now?
With a 3.0/5 investability score, Alabaster, AL ranks as a solid market for rental property investors. Median prices of $297K and rents of $1,862/mo drive the underlying numbers.
Where do home prices stand in Alabaster, AL?
The median home value in Alabaster, AL is roughly $297K. That puts it reasonable relative to the AL statewide average.
What is the typical rental rate in Alabaster, AL?
Average rent in Alabaster, AL is approximately $1,862/mo per month. Against $297K home values that yields a reasonable rent-to-price ratio.
Should investors worry about vacancy in Alabaster, AL?
Alabaster, AL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Can I house hack in Alabaster, AL?
House hacking works a challenging in Alabaster, AL. Rents of $1,862/mo against $297K acquisition make the strategy solid for owner-occupants.
You know 35007 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 35007 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 35007 ranks in Birmingham-Hoover, AL
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