Real Estate Investing in Centre, Alabama (35983)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35983 (Centre, 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: 35.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.9 — 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 Centre, AL (35983)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 35983 Centre
Not every below-median market is a bargain. Centre's 35983 ZIP reports signals that favor experienced operators who can absorb the risk $253K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 35983 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 35983 and stronger Centre ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 35983 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 35983 is an operator game, not a passive one. Meanwhile, entry prices of $253K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Centre:
Market Trends
Home Value History (with trend line)
📊 How Does 35983 Compare?
| Metric | 35983 | Centre | Alabama |
|---|---|---|---|
| Home Value | $252,791 | $239,079 | $231,003 |
| 5-Year CAGR | 4.9% | 4.6% | 5.6% |
| Avg Rent | $729 | $743 | - |
| Cap Rate | 2.3% | 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 35983 (Centre, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $252,791 |
| Monthly Rent | $729 |
| Price-to-Rent | 28.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.3%). 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 35983
Population: 3,782
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 35983
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
How much does a house cost in Centre, AL?
In Centre, AL the median home value sits at $253K. Against the broader AL market, that reads as reasonable for most investors.
Is Centre, AL landlord-friendly?
AL ranks as a landlord-friendly state for landlord-tenant law. Centre generally follows the statewide framework, so landlords face reasonable operating rules.
How high is vacancy risk in Centre, AL?
Vacancy risk in Centre, AL is elevated. That supports steady cash flow for typical rental holds.
Is Centre, AL a good market for FHA house hackers?
Centre, AL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $253K price point reasonable to enter.
How deep is the rental pool in Centre, AL?
Expect a solid tenant pool in Centre, AL. The rental market absorbs $729/mo rents without meaningful friction.
You know 35983 now. You don’t know where it ranks.
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