Real Estate Investing in Monroeville, Alabama (36460)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36460 (Monroeville, AL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.1% of homes vacant — above national norms.
- Higher unemployment: 7.4% unemployment — tenant risk signal.
- Lower household income: $37,409 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 Monroeville, AL (36460)?
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Market Analysis: 36460 Monroeville
ZIP 36460 in Monroeville, AL carries a notable set of headwinds. Home values near $146K and rents of $702/mo sit inside a market where underwriting has to be tight.
The investment case in 36460 is notable only for operators who understand what they are buying. A $146K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Looking more closely, 36460 offers a low basis, the region around Monroeville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 36460 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 36460 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 Monroeville:
Market Trends
Home Value History (with trend line)
📊 How Does 36460 Compare?
| Metric | 36460 | Monroeville | Alabama |
|---|---|---|---|
| Home Value | $146,155 | $146,155 | $231,003 |
| 5-Year CAGR | 3.5% | 3.5% | 5.6% |
| Avg Rent | $702 | $702 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36460 (Monroeville, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,155 |
| Monthly Rent | $702 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (3.8%). 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 36460
Population: 9,583
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 36460
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
Is Monroeville, AL a smart market for rental property?
Yes - Monroeville, AL a 3.0/5 investability score. With $146K home prices against $702/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strong are rents in Monroeville, AL?
Expect rents around $702/mo per month in Monroeville, AL. With home values at $146K, the yield math works out to reasonable levels for rental investors.
How do experienced investors play Monroeville, AL?
Monroeville, AL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($146K prices, $702/mo rents) make it a reasonable choice.
Is rental property easy to operate in Monroeville, AL?
AL law landlord-friendly for landlords, and Monroeville inherits those rules. Investors should still review local ordinances for rental licensing.
How much does a house cost in Monroeville, AL?
The median home value in Monroeville, AL is roughly $146K. That puts it reasonable relative to the AL statewide average.
You know 36460 now. You don’t know where it ranks.
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