Real Estate Investing in Alabaster, Alabama (35114)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35114 (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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alabaster, AL (35114)?
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Market Analysis: 35114 Alabaster
The 35114 ZIP covers a section of Alabaster that demands careful diligence. Prices near $348K look accessible, but the work to make a deal cash flow is real.
Rent of $1,179/mo on a $348K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 35114 sits below the stated 0.0% once reality is priced in.
Within AL, ZIP 35114 trails on several market indicators that neighboring Shelby County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Employment concentration in 35114 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 35114 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 Alabaster:
Property Strategy for 35114
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $287,230 | $1,640 | 4.1% | +6.9% | $95,743 |
| 4BR | $364,224 | $1,860 | 3.7% | +6.3% | $91,056 |
| 5BR | $452,827 | — | — | +6.6% | $90,565 |
Market Trends
Home Value History (with trend line)
📊 How Does 35114 Compare?
| Metric | 35114 | Alabaster | Birmingham-Hoover, AL | Alabama |
|---|---|---|---|---|
| Home Value | $348,071 | $322,516 | N/A | $231,003 |
| 5-Year CAGR | 4.6% | 4.4% | N/A | 5.6% |
| Avg Rent | $1,179 | $1,520 | N/A | - |
| Cap Rate | 2.6% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35114 (Alabaster, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $348,071 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 24.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (2.6%). 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 35114
Population: 7,777
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 35114
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
What is the median home value in Alabaster, AL?
Typical homes in Alabaster, AL go for around $348K. The 5-year CAGR of 0.0% predictable price movement.
What is it like being a landlord in Alabaster, AL?
AL law landlord-friendly for landlords, and Alabaster inherits those rules. Investors should still review local ordinances for rental licensing.
Is the tenant base reliable in Alabaster, AL?
The renter base in Alabaster, AL is reasonable for the $1,179/mo price point. Screening well and pricing to market typically yields predictable tenants.
What kind of vacancy should I budget for in Alabaster, AL?
Alabaster, AL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Alabaster, AL suited for a house hack?
For house hackers, Alabaster, AL is a challenging. The $1,179/mo rent on a unit helps defray the mortgage on a $348K property.
You know 35114 now. You don’t know where it ranks.
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How 35114 ranks in Birmingham-Hoover, AL
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