Real Estate Investing in Kellyton, Alabama (35089)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35089 (Kellyton, AL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.8% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.5% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Kellyton, AL (35089)?
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Market Analysis: 35089 Kellyton
Not every below-median market is a bargain. Kellyton's 35089 ZIP registers signals that favor experienced operators who can absorb the risk $136K pricing implies.
From a cash-flow lens, the numbers look inviting — $136K purchase price, 0.0% nominal cap — the work to hit that pro forma in 35089 is substantial and deserves full respect.
Within AL, ZIP 35089 trails on several market indicators that neighboring Coosa County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Demographically, 35089 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.
The 35089 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 Kellyton:
Market Trends
Home Value History (with trend line)
📊 How Does 35089 Compare?
| Metric | 35089 | Kellyton | Alexander City, AL | Alabama |
|---|---|---|---|---|
| Home Value | $136,008 | $136,008 | N/A | $231,003 |
| 5-Year CAGR | 0.5% | 0.5% | N/A | 5.6% |
| Avg Rent | $756 | $756 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35089 (Kellyton, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $136,008 |
| Monthly Rent | $756 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | -2.7% ▼ |
| 5-Year CAGR | +0.5% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.3%). 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 35089
Population: 1,901
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 905 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are tenants stable in Kellyton, AL?
Kellyton, AL draws a steady base of working renters. Demand at the $756/mo rent level is reasonable for standard single-family and small multi rentals.
How tight is the rental market in Kellyton, AL?
Vacancy risk in Kellyton, AL is elevated. That supports reliable cash flow for typical rental holds.
Is Kellyton, AL a good market for FHA house hackers?
Kellyton, AL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $136K price point reasonable to enter.
Is Kellyton, AL landlord-friendly?
AL ranks as a landlord-friendly state for landlord-tenant law. Kellyton generally follows the statewide framework, so landlords face reasonable operating rules.
Is Kellyton, AL a good market for buy-and-hold investors?
Investors tracking Kellyton, AL will find a 3.0/5 rating supported by $136K median home values and $756/mo rents. That profile suits long-term holders targeting predictable returns.
You know 35089 now. You don’t know where it ranks.
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How 35089 ranks in Alexander City, AL
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