Real Estate Investing in Falkville, Alabama (35622)
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Should you buy in 35622 (Falkville, 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: 14.0% of homes vacant — above national norms.
- Elevated poverty: 21.8% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Falkville, AL (35622)?
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Market Analysis: 35622 Falkville
ZIP 35622 inside Morgan County looks affordable on the surface — median value of $204K — but the discount exists for reasons that a careful buyer should understand before committing.
The 35622 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Falkville have seen price recovery that 35622 has not matched. Morgan County data supports the view that the spread is structural rather than temporary.
A notable renter share of 24% in 35622 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Falkville:
Market Trends
Home Value History (with trend line)
📊 How Does 35622 Compare?
| Metric | 35622 | Falkville | Decatur, AL | Alabama |
|---|---|---|---|---|
| Home Value | $203,670 | $203,670 | N/A | $231,003 |
| 5-Year CAGR | 3.9% | 3.9% | N/A | 5.6% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35622 (Falkville, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,670 |
| Monthly Rent | $909 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 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 (3.5%). 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 35622
Population: 6,532
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 35622
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 does Falkville, AL rate as a rental market?
Falkville, AL rates 3.0/5 for investability. With median values at $204K and rents near $909/mo, the market offers reasonable fundamentals for rental investors.
How much is rent in Falkville, AL?
Rents in Falkville, AL run near $909/mo. Compared with median home prices of $204K that produces solid gross yields for typical rentals.
Is Falkville, AL good for landlords?
Falkville, AL falls under AL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Falkville, AL a good market for FHA house hackers?
Falkville, AL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $204K price point reasonable to enter.
Should investors worry about vacancy in Falkville, AL?
Falkville, AL sees elevated vacancy, which is reasonable relative to the broader AL rental market.
You know 35622 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 35622 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 35622 ranks in Decatur, AL
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