Real Estate Investing in Millport, Alabama (35574)
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Should you buy in 35574 (Millport, 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: 21.8% of homes vacant — above national norms.
- Declining values: -0.4% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Millport, AL (35574)?
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Market Analysis: 35574 Millport
The 35574 ZIP covers a section of Millport that demands careful diligence. Prices near $141K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 35574 can be a a viable market for hunting ground — but the discount at $141K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Millport have seen price recovery that 35574 has not matched. Lamar County data supports the view that the spread is structural rather than temporary.
The 35574 ZIP's population of 1,046 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategically, 35574 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 Millport:
Market Trends
Home Value History (with trend line)
📊 How Does 35574 Compare?
| Metric | 35574 | Millport | Tuscaloosa, AL | Alabama |
|---|---|---|---|---|
| Home Value | $141,089 | $142,154 | N/A | $231,003 |
| 5-Year CAGR | N/A | N/A | N/A | 5.6% |
| Avg Rent | $927 | $846 | N/A | - |
| Cap Rate | 5.1% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35574 (Millport, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,089 |
| Monthly Rent | $927 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | -2.3% ▼ |
| 5-Year CAGR | -0.4% ▼ |
| 10-Year CAGR | N/A |
🏠 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 (5.1%). 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 35574
Population: 1,046
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 much do tenants pay in Millport, AL?
Rental rates in Millport, AL average $927/mo. Tenant demand and $141K home values make the yield look reasonable by investor standards.
What is the smart move for investors in Millport, AL?
The best-fit strategy in Millport, AL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Should investors consider Millport, AL?
Investors tracking Millport, AL will find a 3.0/5 rating supported by $141K median home values and $927/mo rents. That profile suits long-term holders targeting reliable returns.
What is the rental occupancy rate in Millport, AL?
Millport, AL carries elevated vacancy risk. Expect consistent absorption at market rents of $927/mo.
How deep is the rental pool in Millport, AL?
Millport, AL offers a consistent renter base at the $927/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 35574 now. You don’t know where it ranks.
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How 35574 ranks in Tuscaloosa, AL
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