Real Estate Investing in Parrish, Alabama (35580)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35580 (Parrish, 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: 25.6% of homes vacant — above national norms.
ⓘ Read the numbers with care
- Volatile values — home values moved more than 35% in one year; the trend line deserves skepticism.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Parrish, AL (35580)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 35580 Parrish
The 35580 ZIP in Parrish, AL is a local-operator market. Outside capital chasing a $128K entry has to pair deep knowledge with the discount.
Put differently, the numbers look inviting — $128K purchase price, 0.0% nominal cap — the work to hit that pro forma in 35580 is substantial and deserves full respect.
The gap between 35580 and stronger Parrish ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 35580 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 35580 is an operator game, not a passive one. From a cash-flow lens, entry prices of $128K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Parrish:
Market Trends
Home Value History (with trend line)
📊 How Does 35580 Compare?
| Metric | 35580 | Parrish | Jasper, AL | Alabama |
|---|---|---|---|---|
| Home Value | $128,287 | $128,287 | N/A | $231,003 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 5.6% |
| Avg Rent | $810 | $810 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35580 (Parrish, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $128,287 |
| Monthly Rent | $810 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +38.5% ▲ |
| 3-Year CAGR | +10.1% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (4.9%). 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 35580
Population: 3,526
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 35580
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 are home prices like in Parrish, AL?
Median home price in Parrish, AL is near $128K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Are tenants stable in Parrish, AL?
Working renters make up the core of the Parrish, AL tenant base. The pool is reasonable for investors targeting long-term holds.
What kind of vacancy should I budget for in Parrish, AL?
Parrish, AL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does Parrish, AL favor landlords or tenants?
Rental owners in Parrish, AL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How does Parrish, AL rate as a rental market?
Parrish, AL scores 3.0/5 for investability. Home values sit at $128K and rents near $810/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 35580 now. You don’t know where it ranks.
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How 35580 ranks in Jasper, AL
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