Real Estate Investing in Flomaton, Alabama (36441)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36441 (Flomaton, 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: 32.3% 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 Flomaton, AL (36441)?
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Market Analysis: 36441 Flomaton
Not every below-median market is a bargain. Flomaton's 36441 ZIP registers signals that favor experienced operators who can absorb the risk $141K pricing implies.
Rent of $765/mo on a $141K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 36441 sits below the stated 0.0% once reality is priced in.
In the broader AL picture, 36441 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 36441 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 36441 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Flomaton:
Market Trends
Home Value History (with trend line)
📊 How Does 36441 Compare?
| Metric | 36441 | Flomaton | Atmore, AL | Alabama |
|---|---|---|---|---|
| Home Value | $140,733 | $140,733 | N/A | $231,003 |
| 5-Year CAGR | 3.2% | 3.2% | N/A | 5.6% |
| Avg Rent | $765 | $765 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36441 (Flomaton, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $140,733 |
| Monthly Rent | $765 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (4.2%). 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 36441
Population: 3,438
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 36441
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.
Frequently Asked Questions
Are there empty rentals in Flomaton, AL?
Expect elevated vacancy in Flomaton, AL. Rents at $765/mo are absorbed by the tenant base without meaningful lag.
Is the tenant base reliable in Flomaton, AL?
Flomaton, AL draws a reliable base of working renters. Demand at the $765/mo rent level is reasonable for standard single-family and small multi rentals.
How do landlord-tenant laws work in Flomaton, AL?
Flomaton, AL operates under AL law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Is Flomaton, AL a good market for FHA house hackers?
The a challenging house-hack environment in Flomaton, AL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How much does a house cost in Flomaton, AL?
Flomaton, AL home values average about $141K. That price point suits investors targeting rentals with $765/mo in monthly income.
You know 36441 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 36441 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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