Real Estate Investing in Roanoke, Alabama (36274)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36274 (Roanoke, AL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 20.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Roanoke, AL (36274)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 36274 Roanoke
ZIP 36274 inside Randolph County looks affordable on the surface — median value of $148K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 36274 can be a a viable market for hunting ground — but the discount at $148K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 36274 among AL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 36274 includes headwinds that any investor should price in. Income distribution skews lower than Roanoke averages, and tenant stability requires active management.
seems 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 Roanoke:
Market Trends
Home Value History (with trend line)
📊 How Does 36274 Compare?
| Metric | 36274 | Roanoke | LaGrange, GA-AL | Alabama |
|---|---|---|---|---|
| Home Value | $147,845 | $147,845 | N/A | $231,003 |
| 5-Year CAGR | 2.1% | 2.1% | N/A | 5.6% |
| Avg Rent | $810 | $810 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
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 36274 (Roanoke, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,845 |
| Monthly Rent | $810 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (4.3%). 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 36274
Population: 9,827
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 36274
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 668 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How tight is the rental market in Roanoke, AL?
Roanoke, AL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Where do rents currently stand in Roanoke, AL?
Rents in Roanoke, AL run near $810/mo. Compared with median home prices of $148K that produces solid gross yields for typical rentals.
Where do home prices stand in Roanoke, AL?
In Roanoke, AL the median home value sits at $148K. Against the broader AL market, that reads as reasonable for most investors.
How strict are landlord regulations in Roanoke, AL?
AL ranks as a landlord-friendly state for landlord-tenant law. Roanoke generally follows the statewide framework, so landlords face reasonable operating rules.
How does Roanoke, AL stack up for property investment?
Roanoke, AL rates 3.0/5 for investability. With median values at $148K and rents near $810/mo, the market offers reasonable fundamentals for rental investors.
You know 36274 now. You don’t know where it ranks.
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How 36274 ranks in LaGrange, GA-AL
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