Real Estate Investing in Dozier, Alabama (36028)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Covington County • Population: 1,531 • Data updated: September 2026

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Should you buy in 36028 (Dozier, AL)? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (53/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 30.7% of homes vacant — above national norms.
  • Lower household income: $38,482 median — tenant affordability is tighter.

• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Dozier, AL (36028)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $170,792
Avg Monthly Rent $702
1% Rule ✗ Does Not Meet
Median Income $38,482
% Renters 38.9%

Market Analysis: 36028 Dozier

The 36028 ZIP in Dozier, AL is a local-operator market. Outside capital chasing a $171K entry has to pair deep knowledge with the discount.

The investment case in 36028 is solid only for operators who understand what they are buying. A $171K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.

Nearby ZIPs in Dozier have seen price recovery that 36028 has not matched. Covington County data supports the view that the spread is structural rather than temporary.

Meanwhile, 1,531 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.

trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Dozier:

C Below Average
Buy Confidence Score: 59/100
Affordability
15/25
Appreciation
14/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.4× the median income
Value Trend
Rising (+5.8%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $702/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: This market may be challenging for buyers. Consider your timing and budget carefully.

Market Trends

Home Value History (with trend line)

$178K$164K$150K$137K$123K$109KFeb 2017Nov 2021Jul 2026

📊 How Does 36028 Compare?

Metric 36028 Dozier Alabama
Home Value $170,792 $170,792 $231,003
5-Year CAGR 2.7% 2.7% 5.6%
Avg Rent $702 $702 -
Cap Rate 3.2% 3.2% -
💡 Why Invest in 36028? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

A healthy rental market with 39% renter-occupied households ensures tenant availability.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 36028 (Dozier, AL). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
3.2%
Low
5yr Growth
+2.7%
Slow

📊 Market Snapshot

Home Value $170,792
Monthly Rent $702
Price-to-Rent 20.3:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.9%
Cap Rate 3.2%
5-Year IRR 5.9%

📈 Home Appreciation

1-Year +5.8% ▲
3-Year CAGR +2.0% ▲
5-Year CAGR +2.7% ▲
10-Year CAGR N/A

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.2%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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.

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⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
30.7%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+2.7%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 36028

Population: 1,531

💰 Median Household Income
$38,482
This area
$38,482
State
$56,875
USA
$74,580
🏠 Renter Occupied
38.9%
This area
38.9%
State
24.9%
USA
34.0%
💼 Unemployment Rate
1.4%
This area
1.4%
State
-24.3%
USA
3.7%
🎓 College Educated
20.3%
This area
20.3%
State
-11.9%
USA
33.7%
👤 Median Age
51.8 years
This area
51.8 years
State
-0.9 years
USA
38.9 years
🏚️ Vacancy Rate
30.7%
This area
30.7%
State
20.4%
USA
10.5%
👥 Population by Ethnicity
White 72.0%
Black/African American 26.2%
Other/Mixed 1.9%
Hispanic/Latino 0.5%
👶 Under 18
16.8%
This area
16.8%
USA
22.0%
👴 65 and Over
26.2%
This area
26.2%
USA
17.3%
📊 Poverty Rate
7.4%
This area
7.4%
USA
11.5%

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

1 Nearby
C+
Lurleen B Wallace Community College
2,130 students · 12.3 mi

Frequently Asked Questions

What is the rental occupancy rate in Dozier, AL?

Expect elevated vacancy in Dozier, AL. Rents at $702/mo are absorbed by the tenant base without meaningful lag.

Is Dozier, AL better for rentals, flips, or BRRRR?

The best-fit strategy in Dozier, AL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

Are renters plentiful in Dozier, AL?

The tenant pool in Dozier, AL is solid, supported by local employment and population fundamentals. Rents of $702/mo are well-absorbed by the market.

Is rental property easy to operate in Dozier, AL?

AL ranks as a landlord-friendly state for landlord-tenant law. Dozier generally follows the statewide framework, so landlords face reasonable operating rules.

What is the median home value in Dozier, AL?

Dozier, AL home values average about $171K. That price point suits investors targeting rentals with $702/mo in monthly income.

You know 36028 now. You don’t know where it ranks.

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