Real Estate Investing in Troy, Alabama (36079)
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Should you buy in 36079 (Troy, 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: 21.2% of homes vacant — above national norms.
What’s happening in Troy, AL (36079)?
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Market Analysis: 36079 Troy
The 36079 ZIP covers a section of Troy that demands careful diligence. Prices near $209K look accessible, but the work to make a deal cash flow is real.
Turning to rents, the numbers look inviting — $209K purchase price, 0.0% nominal cap — the work to hit that pro forma in 36079 is substantial and deserves full respect.
Regionally, 36079 sits on the difficult end of the AL spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 36079 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 36079 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Troy:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 36079 Compare?
| Metric | 36079 | Troy | Alabama |
|---|---|---|---|
| Home Value | $208,892 | $125,278 | $231,003 |
| 5-Year CAGR | 4.3% | 3.5% | 5.6% |
| Avg Rent | $975 | $1,017 | - |
| Cap Rate | 3.6% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36079 (Troy, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $208,892 |
| Monthly Rent | $975 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 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 (3.6%). 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 36079
Population: 9,282
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 835 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Troy, AL?
Average rent in Troy, AL is approximately $975/mo per month. Against $209K home values that yields a reasonable rent-to-price ratio.
Is Troy, AL a friendly market for rental owners?
Troy, AL falls under AL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is vacancy a concern in Troy, AL?
Expect elevated vacancy in Troy, AL. Rents at $975/mo are absorbed by the tenant base without meaningful lag.
Are renters plentiful in Troy, AL?
Troy, AL draws a even-keeled base of working renters. Demand at the $975/mo rent level is reasonable for standard single-family and small multi rentals.
Is Troy, AL a good place for real estate investing?
Troy, AL reflects an investability rating of 3.0/5, with median home values near $209K and average rents around $975/mo. That combination puts it in the robust tier for investor interest.
You know 36079 now. You don’t know where it ranks.
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