Real Estate Investing in Jasper, Alabama (35501)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35501 (Jasper, AL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.6% of homes vacant — above national norms.
What’s happening in Jasper, AL (35501)?
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Market Analysis: 35501 Jasper
The 35501 ZIP in Jasper, AL is a local-operator market. Outside capital chasing a $153K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 35501 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 35501 sits on the difficult end of the AL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 35501 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 35501 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Jasper:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 35501 Compare?
| Metric | 35501 | Jasper | Jasper, AL | Alabama |
|---|---|---|---|---|
| Home Value | $153,278 | $202,645 | N/A | $231,003 |
| 5-Year CAGR | 7.0% | 7.2% | N/A | 5.6% |
| Avg Rent | $823 | $1,048 | N/A | - |
| Cap Rate | 4.2% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35501 (Jasper, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $153,278 |
| Monthly Rent | $823 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +28.0% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (4.2%). 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 35501
Population: 10,032
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 35501
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 753 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Jasper, AL?
Jasper, AL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the tenant pool like in Jasper, AL?
Expect a solid tenant pool in Jasper, AL. The rental market absorbs $823/mo rents without meaningful friction.
Are homes affordable in Jasper, AL?
Jasper, AL home values average about $153K. That price point suits investors targeting rentals with $823/mo in monthly income.
What investment strategy works best in Jasper, AL?
In Jasper, AL the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $153K prices and $823/mo rents suits that approach.
Where do rents currently stand in Jasper, AL?
The typical rental in Jasper, AL commands about $823/mo monthly. That rent profile predictable cash flow against the $153K purchase basis.
You know 35501 now. You don’t know where it ranks.
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