Real Estate Investing in Florence, Alabama (35630)
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Should you buy in 35630 (Florence, AL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.7% of homes vacant — above national norms.
What’s happening in Florence, AL (35630)?
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Market Analysis: 35630 Florence
This part of Lauderdale County is not an easy win. The 35630 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 35630 can be a worth a close look for hunting ground — but the discount at $179K reflects genuine risk that outside investors often underestimate.
Turning to rents, 35630 offers a low basis, the region around Florence has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 35630 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 35630 is an operator game, not a passive one. Meanwhile, entry prices of $179K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Florence:
Property Strategy for 35630
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $123,836 | $1,050 | 6.1% | +9.7% | $61,918 |
| 3BR | $190,962 | $1,300 | 4.9% | +9.0% | $63,654 |
| 4BR | $293,045 | $1,480 | 3.6% | +8.5% | $73,261 |
| 5BR | $403,427 | — | — | +8.1% | $80,685 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 35630 Compare?
| Metric | 35630 | Florence | Florence-Muscle Shoals, AL | Alabama |
|---|---|---|---|---|
| Home Value | $179,132 | $141,377 | N/A | $231,003 |
| 5-Year CAGR | 4.7% | 5.8% | N/A | 5.6% |
| Avg Rent | $1,198 | $1,045 | N/A | - |
| Cap Rate | 5.2% | 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 35630 (Florence, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $179,132 |
| Monthly Rent | $1,198 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). 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 35630
Population: 33,697
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 35630
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Kilby Laboratory School
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 1,222 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What does house hacking look like in Florence, AL?
Florence, AL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,198/mo rent level.
How strong is the working-renter base in Florence, AL?
Working renters make up the core of the Florence, AL tenant base. The pool is reasonable for investors targeting long-term holds.
What is it like being a landlord in Florence, AL?
Rental owners in Florence, AL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What monthly rent should investors expect in Florence, AL?
Expect rents around $1,198/mo per month in Florence, AL. With home values at $179K, the yield math works out to reasonable levels for rental investors.
Is vacancy a concern in Florence, AL?
Florence, AL sees elevated vacancy, which is reasonable relative to the broader AL rental market.
You know 35630 now. You don’t know where it ranks.
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How 35630 ranks in Florence-Muscle Shoals, AL
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