Real Estate Investing in Pike Road, Alabama (36064)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36064 (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.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
What’s happening in Pike Road, AL (36064)?
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Market Analysis: 36064 Pike Road
ZIP 36064 inside Montgomery County looks affordable on the surface — median value of $404K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,941/mo on a $404K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 36064 sits below the stated 0.0% once reality is priced in.
The gap between 36064 and stronger Pike Road ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Turning to rents, 13,849 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.
appears to 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.
Here's what matters if you're considering buying a home in Pike Road:
Property Strategy for 36064
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $307,113 | $1,850 | 4.3% | +5.6% | $102,371 |
| 4BR | $401,428 | $2,190 | 3.9% | +5.0% | $100,357 |
| 5BR | $514,354 | — | — | +5.6% | $102,871 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 36064 Compare?
| Metric | 36064 | Pike Road | Montgomery, AL | Alabama |
|---|---|---|---|---|
| Home Value | $404,122 | $436,821 | N/A | $231,003 |
| 5-Year CAGR | 4.0% | 3.7% | N/A | 5.6% |
| Avg Rent | $1,941 | $1,406 | N/A | - |
| Cap Rate | 3.8% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36064 (Pike Road, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $404,122 |
| Monthly Rent | $1,941 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | +12.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 36064
Population: 13,849
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 36064
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 2,851 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Pike Road, AL landlord-friendly?
Pike Road, AL operates under AL law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Is Pike Road, AL suited for a house hack?
Pike Road, AL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $404K price point reasonable to enter.
Where do home prices stand in Pike Road, AL?
In Pike Road, AL the median home value sits at $404K. Against the broader AL market, that reads as reasonable for most investors.
Is Pike Road, AL a smart market for rental property?
Our data puts Pike Road, AL at 3.0/5 for investability. Home prices of $404K and rents around $1,941/mo create a solid backdrop for investor activity.
Is it easy to find good tenants in Pike Road, AL?
Pike Road, AL draws a stable base of working renters. Demand at the $1,941/mo rent level is reasonable for standard single-family and small multi rentals.
You know 36064 now. You don’t know where it ranks.
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How 36064 ranks in Montgomery, AL
Every ZIP in this metro, ranked. Free.
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