Real Estate Investing in Pleasant Grove, Alabama (35127)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35127 (Pleasant Grove, AL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Pleasant Grove, AL (35127)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 35127 Pleasant Grove
Not every below-median market is a bargain. Pleasant Grove's 35127 ZIP sits at signals that favor experienced operators who can absorb the risk $228K pricing implies.
Rent of $1,528/mo on a $228K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 35127 sits below the stated 0.0% once reality is priced in.
Looking more closely, 35127 offers a low basis, the region around Pleasant Grove has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 35127 ZIP's population of 9,502 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategy in 35127 is an operator game, not a passive one. On balance, entry prices of $228K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Pleasant Grove:
Property Strategy for 35127
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $121,831 | $1,400 | 8.3% | +5.4% | $60,916 |
| 3BR | $211,708 | $1,750 | 6.0% | +5.2% | $70,569 |
| 4BR | $270,732 | $1,990 | 5.3% | +4.8% | $67,683 |
| 5BR | $319,848 | — | — | +4.2% | $63,970 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 35127 Compare?
| Metric | 35127 | Pleasant Grove | Birmingham-Hoover, AL | Alabama |
|---|---|---|---|---|
| Home Value | $227,806 | $227,806 | N/A | $231,003 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 5.6% |
| Avg Rent | $1,528 | $1,528 | N/A | - |
| Cap Rate | 5.2% | 5.2% | - | - |
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 35127 (Pleasant Grove, AL). Anonymous, moderated, never written by AI.
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Property managers serving Jefferson County
Manage rentals here? List your business →Signal Property Management serves Adamsville, Birmingham, Calera, East Lake, and Ensley, offering services for tenants and owners including rent payment and repair requests. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $227,806 |
| Monthly Rent | $1,528 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.2% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (5.2%). 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 35127
Population: 9,502
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 35127
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
Investor Insight: With 633 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is the tenant base reliable in Pleasant Grove, AL?
Tenant demand in Pleasant Grove, AL is solid. The local workforce $1,528/mo rents across most rental classes.
How does Pleasant Grove, AL rate as a rental market?
Pleasant Grove, AL rates 3.0/5 for investability. With median values at $228K and rents near $1,528/mo, the market offers reasonable fundamentals for rental investors.
Are there empty rentals in Pleasant Grove, AL?
Pleasant Grove, AL sees elevated vacancy, which is reasonable relative to the broader AL rental market.
Are eviction rules reasonable in Pleasant Grove, AL?
Pleasant Grove, AL falls under AL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How do home values compare in Pleasant Grove, AL?
Homes in Pleasant Grove, AL typically sell near $228K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
You know 35127 now. You don’t know where it ranks.
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How 35127 ranks in Birmingham-Hoover, AL
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