Real Estate Investing in Evergreen, Alabama (36401)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36401 (Evergreen, 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: 27.7% of homes vacant — above national norms.
- Lower household income: $38,324 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Evergreen, AL (36401)?
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Market Analysis: 36401 Evergreen
From an investor standpoint, ZIP 36401 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $128K median. It rewards specialists, not generalists.
Stepping back, the numbers look inviting — $128K purchase price, 0.0% nominal cap — the work to hit that pro forma in 36401 is substantial and deserves full respect.
Within AL, ZIP 36401 trails on several market indicators that neighboring Conecuh County submarkets outperform. The gap is real and significant enough to shape underwriting.
Resident income in 36401 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 36401 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Evergreen:
Market Trends
Home Value History (with trend line)
📊 How Does 36401 Compare?
| Metric | 36401 | Evergreen | Alabama |
|---|---|---|---|
| Home Value | $128,057 | $128,057 | $231,003 |
| 5-Year CAGR | 3.4% | 3.4% | 5.6% |
| Avg Rent | $702 | $702 | - |
| Cap Rate | 4.3% | 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 36401 (Evergreen, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $128,057 |
| Monthly Rent | $702 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 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 36401
Population: 7,493
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 36401
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
Frequently Asked Questions
Is Evergreen, AL a good market for buy-and-hold investors?
The 3.0/5 investability rating in Evergreen, AL reflects its $128K prices and $702/mo rents. Investors generally consider it a solid option within AL.
What kind of vacancy should I budget for in Evergreen, AL?
Evergreen, AL carries elevated vacancy risk. Expect consistent absorption at market rents of $702/mo.
What real estate strategy is ideal for Evergreen, AL?
A careful cash-flow rentals with hands-on management strategy Evergreen, AL best. The market produces reliable results for that approach at the $128K price point.
What is the median home value in Evergreen, AL?
Median home price in Evergreen, AL is near $128K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
How strong are rents in Evergreen, AL?
Rents in Evergreen, AL run near $702/mo. Compared with median home prices of $128K that produces solid gross yields for typical rentals.
You know 36401 now. You don’t know where it ranks.
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