Real Estate Investing in Laceys Spring, Alabama (35754)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35754 (Laceys Spring, 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: 11.3% 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 Laceys Spring, AL (35754)?
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Market Analysis: 35754 Laceys Spring
ZIP 35754 in Laceys Spring, AL carries a resilient set of headwinds. Home values near $230K and rents of $801/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 35754 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within AL, ZIP 35754 trails on several market indicators that neighboring Morgan County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Who lives in 35754 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 35754 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Laceys Spring:
Market Trends
Home Value History (with trend line)
📊 How Does 35754 Compare?
| Metric | 35754 | Laceys Spring | Decatur, AL | Alabama |
|---|---|---|---|---|
| Home Value | $230,098 | $230,098 | N/A | $231,003 |
| 5-Year CAGR | 3.0% | 3.0% | N/A | 5.6% |
| Avg Rent | $801 | $801 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35754 (Laceys Spring, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,098 |
| Monthly Rent | $801 |
| Price-to-Rent | 23.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 35754
Population: 5,602
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 35754
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
Investor Insight: With 524 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Laceys Spring, AL?
Homes in Laceys Spring, AL typically sell near $230K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Are eviction rules reasonable in Laceys Spring, AL?
Laceys Spring, AL falls under AL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How strong is the working-renter base in Laceys Spring, AL?
The renter base in Laceys Spring, AL is reasonable for the $801/mo price point. Screening well and pricing to market typically yields steady tenants.
Is Laceys Spring in AL worth investing in?
Investors tracking Laceys Spring, AL will find a 3.0/5 rating supported by $230K median home values and $801/mo rents. That profile suits long-term holders targeting even-keeled returns.
What is the best play in Laceys Spring, AL?
For Laceys Spring, AL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 35754 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 35754 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 35754 ranks in Decatur, AL
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