Real Estate Investing in Carrollton, Alabama (35447)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35447 (Carrollton, AL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 25.1% of homes vacant — above national norms.
- Declining values: -1.0% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 5.1% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Carrollton, AL (35447)?
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Market Analysis: 35447 Carrollton
Investors eyeing 35447 need to respect the fundamentals at play. Home values of $138K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $138K purchase price, 0.0% nominal cap — the work to hit that pro forma in 35447 is substantial and deserves full respect.
Nearby ZIPs in Carrollton have seen price recovery that 35447 has not matched. Pickens data supports the view that the spread is structural rather than temporary.
Demographically, 35447 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.
New investors are better served looking at Carrollton's stable or hybrid ZIPs before stepping into 35447. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Carrollton:
Market Trends
Home Value History (with trend line)
📊 How Does 35447 Compare?
| Metric | 35447 | Carrollton | Alabama |
|---|---|---|---|
| Home Value | $138,033 | $138,033 | $231,003 |
| 5-Year CAGR | N/A | N/A | 5.6% |
| Avg Rent | $774 | $774 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35447 (Carrollton, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $138,033 |
| Monthly Rent | $774 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 3.4% |
📈 Home Appreciation
| 1-Year | -5.1% ▼ |
| 3-Year CAGR | -2.5% ▼ |
| 5-Year CAGR | -1.0% ▼ |
| 10-Year CAGR | +2.3% ▲ |
🏠 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 (4.4%). 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 35447
Population: 3,194
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 35447
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.
Frequently Asked Questions
Is Carrollton, AL a good market for buy-and-hold investors?
With a 3.0/5 investability score, Carrollton, AL ranks as a solid market for rental property investors. Median prices of $138K and rents of $774/mo drive the underlying numbers.
What is the average monthly rent in Carrollton, AL?
Average rent in Carrollton, AL is approximately $774/mo per month. Against $138K home values that yields a reasonable rent-to-price ratio.
What strategy should investors use in Carrollton, AL?
For Carrollton, AL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Carrollton, AL a good market for FHA house hackers?
For house hackers, Carrollton, AL is a challenging. The $774/mo rent on a unit helps defray the mortgage on a $138K property.
How quickly do rentals get leased in Carrollton, AL?
Carrollton, AL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 35447 now. You don’t know where it ranks.
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