Real Estate Investing in Fort Payne, Alabama (35967)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35967 (Fort Payne, 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.
- High vacancy: 13.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fort Payne, AL (35967)?
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Market Analysis: 35967 Fort Payne
The 35967 ZIP covers a section of Fort Payne that demands careful diligence. Prices near $202K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $202K asset, 35967 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within AL, ZIP 35967 trails on several market indicators that neighboring De Kalb County submarkets outperform. The gap is real and robust enough to shape underwriting.
Who lives in 35967 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. substantial returns are possible in 35967, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Fort Payne:
Property Strategy for 35967
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,898 | $800 | 3.9% | +11.2% | $74,449 |
| 3BR | $225,075 | $1,020 | 3.3% | +10.2% | $75,025 |
| 4BR | $300,244 | $1,340 | 3.2% | +9.5% | $75,061 |
Market Trends
Home Value History (with trend line)
📊 How Does 35967 Compare?
| Metric | 35967 | Fort Payne | Fort Payne, AL | Alabama |
|---|---|---|---|---|
| Home Value | $202,388 | $219,436 | N/A | $231,003 |
| 5-Year CAGR | 5.8% | 5.5% | N/A | 5.6% |
| Avg Rent | $720 | $711 | N/A | - |
| Cap Rate | 2.8% | 2.5% | - | - |
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 35967 (Fort Payne, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,388 |
| Monthly Rent | $720 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.8%). 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 35967
Population: 17,342
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 35967
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
Which real estate strategy fits Fort Payne, AL?
The best-fit strategy in Fort Payne, AL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does Fort Payne, AL favor landlords or tenants?
Fort Payne, AL operates under AL law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Is Fort Payne, AL a good market for buy-and-hold investors?
Investors tracking Fort Payne, AL will find a 3.0/5 rating supported by $202K median home values and $720/mo rents. That profile suits long-term holders targeting reliable returns.
How strong is the working-renter base in Fort Payne, AL?
Tenant demand in Fort Payne, AL is solid. The local workforce $720/mo rents across most rental classes.
What is the typical vacancy rate in Fort Payne, AL?
Fort Payne, AL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 35967 now. You don’t know where it ranks.
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How 35967 ranks in Fort Payne, AL
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