Real Estate Investing in Groveoak, Alabama (35975)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35975 (Groveoak, AL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 27.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Groveoak, AL (35975)?
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Market Analysis: 35975 Groveoak
Not every below-median market is a bargain. Groveoak's 35975 ZIP reflects signals that favor experienced operators who can absorb the risk $236K pricing implies.
Looking more closely, the numbers look inviting — $236K purchase price, 0.0% nominal cap — the work to hit that pro forma in 35975 is substantial and deserves full respect.
Regionally, 35975 sits on the difficult end of the AL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The 35975 ZIP's population of 1,340 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The 35975 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Groveoak:
Market Trends
Home Value History (with trend line)
📊 How Does 35975 Compare?
| Metric | 35975 | Groveoak | Fort Payne, AL | Alabama |
|---|---|---|---|---|
| Home Value | $235,908 | $235,908 | N/A | $231,003 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 5.6% |
| Avg Rent | $711 | $711 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35975 (Groveoak, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $235,908 |
| Monthly Rent | $711 |
| Price-to-Rent | 27.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.4%). 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 35975
Population: 1,340
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much do tenants pay in Groveoak, AL?
Rent in Groveoak, AL is around $711/mo. The resulting rent-to-value relationship with $236K pricing is reasonable for most investor models.
Are there empty rentals in Groveoak, AL?
Groveoak, AL sees elevated vacancy, which is reasonable relative to the broader AL rental market.
Is Groveoak, AL a smart market for rental property?
With a 3.0/5 investability score, Groveoak, AL ranks as a solid market for rental property investors. Median prices of $236K and rents of $711/mo drive the underlying numbers.
How qualified is the tenant pool in Groveoak, AL?
Expect a solid tenant pool in Groveoak, AL. The rental market absorbs $711/mo rents without meaningful friction.
How landlord-friendly is Groveoak, AL?
The landlord environment in Groveoak, AL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 35975 now. You don’t know where it ranks.
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How 35975 ranks in Fort Payne, AL
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