Real Estate Investing in Louisville, Alabama (36005)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36005 (Louisville, AL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 33.8% 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 Louisville, AL (36005)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 36005 Louisville
ZIP 36005 in Louisville, AL carries a durable set of headwinds. Home values near $162K and rents of $873/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $162K asset, 36005 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within AL, ZIP 36005 trails on several market indicators that neighboring Pike County submarkets outperform. The gap is real and significant enough to shape underwriting.
Employment concentration in 36005 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. durable returns are possible in 36005, 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 Louisville:
Market Trends
Home Value History (with trend line)
📊 How Does 36005 Compare?
| Metric | 36005 | Louisville | Troy, AL | Alabama |
|---|---|---|---|---|
| Home Value | $162,186 | $81,093 | N/A | $231,003 |
| 5-Year CAGR | 2.4% | 2.4% | N/A | 5.6% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36005 (Louisville, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $162,186 |
| Monthly Rent | $873 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 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 (4.2%). 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 36005
Population: 1,486
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 36005
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 835 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Louisville, AL a good investment right now?
Louisville, AL scores 3.0/5 for investability. Home values sit at $162K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How strict are landlord regulations in Louisville, AL?
Rental owners in Louisville, AL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How much do tenants pay in Louisville, AL?
Rent in Louisville, AL is around $873/mo. The resulting rent-to-value relationship with $162K pricing is reasonable for most investor models.
Should investors worry about vacancy in Louisville, AL?
Louisville, AL sees elevated vacancy, which is reasonable relative to the broader AL rental market.
Can I live-in-and-rent in Louisville, AL?
House hacking in Louisville, AL is a challenging. With home values around $162K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.
You know 36005 now. You don’t know where it ranks.
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