Real Estate Investing in Vernon, Alabama (35592)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35592 (Vernon, 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: 30.3% of homes vacant — above national norms.
- Declining values: -0.8% 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 Vernon, AL (35592)?
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Market Analysis: 35592 Vernon
The 35592 ZIP in Vernon, AL is a local-operator market. Outside capital chasing a $132K entry has to pair deep knowledge with the discount.
For an experienced owner, 35592 can be a an appealing option for hunting ground — but the discount at $132K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 35592 among AL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A sturdy renter share of 37% in 35592 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 35592 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 Vernon:
Market Trends
Home Value History (with trend line)
📊 How Does 35592 Compare?
| Metric | 35592 | Vernon | Alabama |
|---|---|---|---|
| Home Value | $131,943 | $131,943 | $231,003 |
| 5-Year CAGR | N/A | N/A | 5.6% |
| Avg Rent | $702 | $702 | - |
| Cap Rate | 4.2% | 4.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35592 (Vernon, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $131,943 |
| Monthly Rent | $702 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 3.4% |
📈 Home Appreciation
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | -3.8% ▼ |
| 5-Year CAGR | -0.8% ▼ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 35592
Population: 4,573
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 35592
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
Should investors worry about vacancy in Vernon, AL?
Vernon, AL carries elevated vacancy risk. Expect reliable absorption at market rents of $702/mo.
What is the typical renter like in Vernon, AL?
The renter base in Vernon, AL is reasonable for the $702/mo price point. Screening well and pricing to market typically yields stable tenants.
Are homes affordable in Vernon, AL?
Expect median prices around $132K in Vernon, AL. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Is house hacking profitable in Vernon, AL?
For house hackers, Vernon, AL is a challenging. The $702/mo rent on a unit helps defray the mortgage on a $132K property.
Which real estate strategy fits Vernon, AL?
Vernon, AL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($132K prices, $702/mo rents) make it a reasonable choice.
You know 35592 now. You don’t know where it ranks.
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