Real Estate Investing in Red Bay, Alabama (35582)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35582 (Red Bay, AL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.1% of homes vacant — above national norms.
- Lower household income: $37,991 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 Red Bay, AL (35582)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 35582 Red Bay
ZIP 35582 in Red Bay, AL carries a sturdy set of headwinds. Home values near $165K and rents of $792/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 35582 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 35582 and stronger Red Bay ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A healthy renter share of 34% in 35582 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. notable returns are possible in 35582, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Red Bay:
Market Trends
Home Value History (with trend line)
📊 How Does 35582 Compare?
| Metric | 35582 | Red Bay | Alabama |
|---|---|---|---|
| Home Value | $164,752 | $164,752 | $231,003 |
| 5-Year CAGR | 3.7% | 3.7% | 5.6% |
| Avg Rent | $792 | $792 | - |
| 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 35582 (Red Bay, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $164,752 |
| Monthly Rent | $792 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 35582
Population: 4,507
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 35582
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.
Frequently Asked Questions
How do landlord-tenant laws work in Red Bay, AL?
AL ranks as a landlord-friendly state for landlord-tenant law. Red Bay generally follows the statewide framework, so landlords face reasonable operating rules.
Is house hacking profitable in Red Bay, AL?
House hacking in Red Bay, AL is reasonable to execute. Prices around $165K and rents of $792/mo solid owner-occupant economics.
Is housing expensive in Red Bay, AL?
Red Bay, AL home values average about $165K. That price point suits investors targeting rentals with $792/mo in monthly income.
What is the smart move for investors in Red Bay, AL?
In Red Bay, AL the solid play is typically careful cash-flow rentals with hands-on management. The combination of $165K prices and $792/mo rents suits that approach.
How deep is the rental pool in Red Bay, AL?
The tenant pool in Red Bay, AL is solid, supported by local employment and population fundamentals. Rents of $792/mo are well-absorbed by the market.
You know 35582 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 35582 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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