Real Estate Investing in Fitzpatrick, Alabama (36029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36029 (Fitzpatrick, AL)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 24.7% of homes vacant — above national norms.
• 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 Fitzpatrick, AL (36029)?
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Market Analysis: 36029 Fitzpatrick
Investors eyeing 36029 need to respect the fundamentals at play. Home values of $237K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $237K asset, 36029 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 36029's metrics run below Bullock County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 36029 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 36029 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Fitzpatrick:
Market Trends
Home Value History (with trend line)
📊 How Does 36029 Compare?
| Metric | 36029 | Fitzpatrick | Alabama |
|---|---|---|---|
| Home Value | $237,247 | $237,247 | $231,003 |
| 5-Year CAGR | N/A | N/A | 5.6% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36029 (Fitzpatrick, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $237,247 |
| Monthly Rent | $810 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (2.7%). 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 36029
Population: 931
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
Frequently Asked Questions
What do rentals go for in Fitzpatrick, AL?
Average rent in Fitzpatrick, AL is approximately $810/mo per month. Against $237K home values that yields a reasonable rent-to-price ratio.
Can owner-occupants cash flow in Fitzpatrick, AL?
Fitzpatrick, AL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $810/mo rent level.
What kind of vacancy should I budget for in Fitzpatrick, AL?
Occupancy in Fitzpatrick, AL runs even-keeled with elevated vacancy. Well-priced units at $810/mo lease on reasonable timelines.
How do home values compare in Fitzpatrick, AL?
Homes in Fitzpatrick, AL typically sell near $237K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is Fitzpatrick, AL a smart market for rental property?
The 2.0/5 investability rating in Fitzpatrick, AL reflects its $237K prices and $810/mo rents. Investors generally consider it a solid option within AL.
You know 36029 now. You don’t know where it ranks.
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