Real Estate Investing in Pike Road, Alabama (36013)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36013 (Pike Road, 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: 12.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.7 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pike Road, AL (36013)?
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Market Analysis: 36013 Pike Road
Not every below-median market is a bargain. Pike Road's 36013 ZIP reflects signals that favor experienced operators who can absorb the risk $443K pricing implies.
On balance, the numbers look inviting — $443K purchase price, 0.0% nominal cap — the work to hit that pro forma in 36013 is substantial and deserves full respect.
ZIP 36013's metrics run below Montgomery County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Meanwhile, 180 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 36013 is an operator game, not a passive one. Meanwhile, entry prices of $443K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Pike Road:
Market Trends
Home Value History (with trend line)
📊 How Does 36013 Compare?
| Metric | 36013 | Pike Road | Montgomery, AL | Alabama |
|---|---|---|---|---|
| Home Value | $442,748 | $436,821 | N/A | $231,003 |
| 5-Year CAGR | 4.5% | 3.7% | N/A | 5.6% |
| Avg Rent | $1,242 | $1,406 | N/A | - |
| Cap Rate | 2.2% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36013 (Pike Road, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $442,748 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 29.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 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 (2.2%). 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 36013
Population: 180
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
Investor Insight: With 2,495 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Pike Road, AL?
Rents in Pike Road, AL run near $1,242/mo. Compared with median home prices of $443K that produces solid gross yields for typical rentals.
Is Pike Road, AL good for landlords?
Pike Road, AL falls under AL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How strong is Pike Road, AL for real estate investors?
Pike Road, AL scores 3.0/5 for investability. Home values sit at $443K and rents near $1,242/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are vacancy rates like in Pike Road, AL?
Pike Road, AL sees elevated vacancy, which is reasonable relative to the broader AL rental market.
Are tenants stable in Pike Road, AL?
Working renters make up the core of the Pike Road, AL tenant base. The pool is reasonable for investors targeting long-term holds.
You know 36013 now. You don’t know where it ranks.
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How 36013 ranks in Montgomery, AL
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