Real Estate Investing in Eldridge, Alabama (35554)
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Should you buy in 35554 (Eldridge, 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.
- High vacancy: 23.3% of homes vacant — above national norms.
- Lower household income: $37,388 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Eldridge, AL (35554)?
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Market Analysis: 35554 Eldridge
Not every below-median market is a bargain. Eldridge's 35554 ZIP sits at signals that favor experienced operators who can absorb the risk $145K pricing implies.
From an investor standpoint, the numbers look inviting — $145K purchase price, 0.0% nominal cap — the work to hit that pro forma in 35554 is substantial and deserves full respect.
ZIP 35554's metrics run below Fayette County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 35554 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 35554 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Eldridge:
Market Trends
Home Value History (with trend line)
📊 How Does 35554 Compare?
| Metric | 35554 | Eldridge | Jasper, AL | Alabama |
|---|---|---|---|---|
| Home Value | $144,807 | $144,807 | N/A | $231,003 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 5.6% |
| Avg Rent | $702 | $702 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35554 (Eldridge, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $144,807 |
| Monthly Rent | $702 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +23.8% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.8%). 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 35554
Population: 1,193
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
Frequently Asked Questions
How strong are rents in Eldridge, AL?
Eldridge, AL rentals go for roughly $702/mo a month. That puts gross yield in solid territory relative to $145K acquisition costs.
Is it easy to find good tenants in Eldridge, AL?
Working renters make up the core of the Eldridge, AL tenant base. The pool is reasonable for investors targeting long-term holds.
What kind of market is Eldridge, AL for investors?
The 3.0/5 investability rating in Eldridge, AL reflects its $145K prices and $702/mo rents. Investors generally consider it a solid option within AL.
What price range are homes in Eldridge, AL?
Expect median prices around $145K in Eldridge, AL. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
What type of investing works in Eldridge, AL?
Eldridge, AL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($145K prices, $702/mo rents) make it a reasonable choice.
You know 35554 now. You don’t know where it ranks.
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How 35554 ranks in Jasper, AL
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