Real Estate Investing in Northport, Alabama (35475)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35475 (Northport, AL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Northport, AL (35475)?
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Market Analysis: 35475 Northport
ZIP 35475 in Northport, AL carries a solid set of headwinds. Home values near $305K and rents of $972/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $305K asset, 35475 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 35475 sits on the difficult end of the AL spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 35475 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.
Strategically, 35475 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 Northport:
Property Strategy for 35475
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $294,877 | $1,380 | 3.4% | +6.1% | $98,292 |
| 4BR | $440,877 | $1,430 | 2.3% | +5.5% | $110,219 |
| 5BR | $553,605 | — | — | +5.7% | $110,721 |
Market Trends
Home Value History (with trend line)
📊 How Does 35475 Compare?
| Metric | 35475 | Northport | Tuscaloosa, AL | Alabama |
|---|---|---|---|---|
| Home Value | $304,934 | $259,584 | N/A | $231,003 |
| 5-Year CAGR | 3.9% | 3.5% | N/A | 5.6% |
| Avg Rent | $972 | $1,311 | N/A | - |
| Cap Rate | 2.5% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35475 (Northport, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $304,934 |
| Monthly Rent | $972 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (2.5%). 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 35475
Population: 19,991
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 35475
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
What is the smart move for investors in Northport, AL?
In Northport, AL the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $305K prices and $972/mo rents suits that approach.
Is vacancy a concern in Northport, AL?
Expect elevated vacancy in Northport, AL. Rents at $972/mo are absorbed by the tenant base without meaningful lag.
Where do rents currently stand in Northport, AL?
Investors in Northport, AL typically see rents near $972/mo per month against $305K home values - a solid setup for rental cash flow.
Is Northport, AL suited for a house hack?
The a challenging house-hack environment in Northport, AL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Northport, AL landlord-friendly?
AL law landlord-friendly for landlords, and Northport inherits those rules. Investors should still review local ordinances for rental licensing.
You know 35475 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 35475 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 35475 ranks in Tuscaloosa, AL
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