Real Estate Investing in Eva, Alabama (35621)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35621 (Eva, AL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Eva, AL (35621)?
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Market Analysis: 35621 Eva
Investors eyeing 35621 need to respect the fundamentals at play. Home values of $214K come alongside slower price movement and elevated management overhead.
Rent of $1,107/mo on a $214K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 35621 sits below the stated 0.0% once reality is priced in.
Within AL, ZIP 35621 trails on several market indicators that neighboring Morgan County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Stepping back, 3,292 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 35621 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Eva:
Market Trends
Home Value History (with trend line)
📊 How Does 35621 Compare?
| Metric | 35621 | Eva | Decatur, AL | Alabama |
|---|---|---|---|---|
| Home Value | $213,655 | $213,655 | N/A | $231,003 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 5.6% |
| Avg Rent | $1,107 | $1,107 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35621 (Eva, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,655 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (4.0%). 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 35621
Population: 3,292
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 35621
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
What is the average home sale price in Eva, AL?
Typical homes in Eva, AL go for around $214K. The 5-year CAGR of 0.0% even-keeled price movement.
What is it like being a landlord in Eva, AL?
AL ranks as a landlord-friendly state for landlord-tenant law. Eva generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is Eva, AL for real estate investors?
Eva, AL rates 3.0/5 for investability. With median values at $214K and rents near $1,107/mo, the market offers reasonable fundamentals for rental investors.
Is Eva, AL a good market for FHA house hackers?
Eva, AL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,107/mo rent level.
What is the typical renter like in Eva, AL?
Tenant quality in Eva, AL ranks as solid. Landlords generally report consistent occupancy at market rents of $1,107/mo.
You know 35621 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 35621 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.
How 35621 ranks in Decatur, AL
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