Real Estate Investing in Red Level, Alabama (36474)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36474 (Red Level, 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: 25.3% of homes vacant — above national norms.
- Elevated poverty: 29.2% poverty rate — can affect rent collection.
- Lower household income: $39,348 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 Red Level, AL (36474)?
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Market Analysis: 36474 Red Level
This part of Covington County is not an easy win. The 36474 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $164K asset, 36474 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 36474 and stronger Red Level ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 36474 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 36474 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Red Level:
Market Trends
Home Value History (with trend line)
📊 How Does 36474 Compare?
| Metric | 36474 | Red Level | Alabama |
|---|---|---|---|
| Home Value | $164,406 | $164,406 | $231,003 |
| 5-Year CAGR | 3.0% | 3.0% | 5.6% |
| Avg Rent | $702 | $702 | - |
| 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 36474 (Red Level, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $164,406 |
| Monthly Rent | $702 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | N/A |
🏠 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 36474
Population: 2,523
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 36474
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 Red Level in AL worth investing in?
Our data puts Red Level, AL at 3.0/5 for investability. Home prices of $164K and rents around $702/mo create a solid backdrop for investor activity.
What do rentals go for in Red Level, AL?
Rental rates in Red Level, AL average $702/mo. Tenant demand and $164K home values make the yield look reasonable by investor standards.
What strategy should investors use in Red Level, AL?
A careful cash-flow rentals with hands-on management strategy Red Level, AL best. The market produces stable results for that approach at the $164K price point.
Is Red Level, AL suited for a house hack?
The a challenging house-hack environment in Red Level, AL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is the tenant base reliable in Red Level, AL?
Tenant demand in Red Level, AL is solid. The local workforce $702/mo rents across most rental classes.
You know 36474 now. You don’t know where it ranks.
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