Real Estate Investing in Killen, Alabama (35645)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35645 (Killen, AL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Killen, AL (35645)?
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Market Analysis: 35645 Killen
ZIP 35645 in Killen, AL carries a impressive set of headwinds. Home values near $278K and rents of $972/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 35645 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 35645 sits on the difficult end of the AL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
A solid renter share of 16% in 35645 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 35645 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 Killen:
Property Strategy for 35645
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $168,830 | $1,080 | 4.6% | +9.0% | $84,415 |
| 3BR | $267,136 | $1,340 | 3.6% | +8.9% | $89,045 |
| 4BR | $370,099 | $1,520 | 3.0% | +8.2% | $92,525 |
| 5BR | $504,425 | — | — | +8.0% | $100,885 |
Market Trends
Home Value History (with trend line)
📊 How Does 35645 Compare?
| Metric | 35645 | Killen | Florence-Muscle Shoals, AL | Alabama |
|---|---|---|---|---|
| Home Value | $277,758 | $277,758 | N/A | $231,003 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 5.6% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35645 (Killen, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $277,758 |
| Monthly Rent | $972 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 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 (2.7%). 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 35645
Population: 13,756
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 35645
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the rental occupancy rate in Killen, AL?
Vacancy in Killen, AL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $972/mo.
How deep is the rental pool in Killen, AL?
Tenant demand in Killen, AL is solid. The local workforce $972/mo rents across most rental classes.
Is Killen in AL worth investing in?
Killen, AL registers an investability rating of 3.0/5, with median home values near $278K and average rents around $972/mo. That combination puts it in the significant tier for investor interest.
Is Killen, AL good for landlords?
AL ranks as a landlord-friendly state for landlord-tenant law. Killen generally follows the statewide framework, so landlords face reasonable operating rules.
How strong are rents in Killen, AL?
Average rent in Killen, AL is approximately $972/mo per month. Against $278K home values that yields a reasonable rent-to-price ratio.
You know 35645 now. You don’t know where it ranks.
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How 35645 ranks in Florence-Muscle Shoals, AL
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