Real Estate Investing in Cowarts, Alabama (36321)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36321 (Cowarts, AL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cowarts, AL (36321)?
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Market Analysis: 36321 Cowarts
ZIP 36321 in Cowarts, AL carries a healthy set of headwinds. Home values near $189K and rents of $810/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $189K asset, 36321 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 36321's metrics run below Houston County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 36321 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 36321 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 Cowarts:
Market Trends
Home Value History (with trend line)
📊 How Does 36321 Compare?
| Metric | 36321 | Cowarts | Dothan, AL | Alabama |
|---|---|---|---|---|
| Home Value | $189,063 | $189,063 | N/A | $231,003 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 5.6% |
| Avg Rent | $810 | $810 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36321 (Cowarts, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $189,063 |
| Monthly Rent | $810 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (3.3%). 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 36321
Population: 2,159
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 1,026 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do landlords charge for rent in Cowarts, AL?
Expect rents around $810/mo per month in Cowarts, AL. With home values at $189K, the yield math works out to reasonable levels for rental investors.
How qualified is the tenant pool in Cowarts, AL?
The tenant pool in Cowarts, AL is solid, supported by local employment and population fundamentals. Rents of $810/mo are well-absorbed by the market.
Is Cowarts, AL a good place for real estate investing?
Cowarts, AL sits at an investability rating of 3.0/5, with median home values near $189K and average rents around $810/mo. That combination puts it in the solid tier for investor interest.
Which investment style suits Cowarts, AL?
A careful cash-flow rentals with hands-on management strategy Cowarts, AL best. The market produces stable results for that approach at the $189K price point.
Do rentals sit vacant long in Cowarts, AL?
Rental vacancy in Cowarts, AL is elevated. Investors should budget normal turnover but not chronic empty units.
You know 36321 now. You don’t know where it ranks.
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How 36321 ranks in Dothan, AL
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