Real Estate Investing in Northport, Alabama (35476)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35476 (Northport, 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: 10.2% vacancy may signal weakening demand.
What’s happening in Northport, AL (35476)?
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Market Analysis: 35476 Northport
The 35476 ZIP covers a section of Northport that demands careful diligence. Prices near $200K look accessible, but the work to make a deal cash flow is real.
Rent of $1,340/mo on a $200K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 35476 sits below the stated 0.0% once reality is priced in.
From an investor standpoint, 35476 offers a low basis, the region around Northport has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 35476 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 35476 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 35476
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $189,273 | $1,130 | 4.3% | +6.1% | $94,636 |
| 3BR | $234,586 | $1,440 | 4.4% | +7.2% | $78,195 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 35476 Compare?
| Metric | 35476 | Northport | Tuscaloosa, AL | Alabama |
|---|---|---|---|---|
| Home Value | $200,333 | $259,584 | N/A | $231,003 |
| 5-Year CAGR | 2.2% | 3.5% | N/A | 5.6% |
| Avg Rent | $1,340 | $1,311 | N/A | - |
| Cap Rate | 5.2% | 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 35476 (Northport, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $200,333 |
| Monthly Rent | $1,340 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 35476
Population: 8,568
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 35476
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 2,331 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is tenant demand in Northport, AL?
Working renters make up the core of the Northport, AL tenant base. The pool is reasonable for investors targeting long-term holds.
How landlord-friendly is Northport, AL?
Landlord-friendliness in Northport, AL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What are home prices like in Northport, AL?
The median home value in Northport, AL is roughly $200K. That puts it reasonable relative to the AL statewide average.
Is Northport, AL a good market for FHA house hackers?
Northport, AL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,340/mo rent level.
What kind of market is Northport, AL for investors?
Our data puts Northport, AL at 3.0/5 for investability. Home prices of $200K and rents around $1,340/mo create a solid backdrop for investor activity.
You know 35476 now. You don’t know where it ranks.
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How 35476 ranks in Tuscaloosa, AL
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