Real Estate Investing in Andalusia, Alabama (36421)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36421 (Andalusia, 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: 26.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Andalusia, AL (36421)?
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Market Analysis: 36421 Andalusia
Investors eyeing 36421 need to respect the fundamentals at play. Home values of $217K come alongside slower price movement and elevated management overhead.
Rent of $720/mo on a $217K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 36421 sits below the stated 0.0% once reality is priced in.
ZIP 36421's metrics run below Covington's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 36421 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 36421 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 Andalusia:
Market Trends
Home Value History (with trend line)
📊 How Does 36421 Compare?
| Metric | 36421 | Andalusia | Alabama |
|---|---|---|---|
| Home Value | $217,155 | $184,890 | $231,003 |
| 5-Year CAGR | 4.0% | 3.8% | 5.6% |
| Avg Rent | $720 | $711 | - |
| Cap Rate | 2.6% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36421 (Andalusia, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $217,155 |
| Monthly Rent | $720 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (2.6%). 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 36421
Population: 9,861
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 36421
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
What price range are homes in Andalusia, AL?
Median home price in Andalusia, AL is near $217K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
How landlord-friendly is Andalusia, AL?
Landlord-friendliness in Andalusia, AL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Andalusia, AL good for house hacking?
House hacking in Andalusia, AL is a challenging. With home values around $217K and rents at $720/mo, owner-occupants can offset a meaningful share of PITI.
What do landlords charge for rent in Andalusia, AL?
Expect rents around $720/mo per month in Andalusia, AL. With home values at $217K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Andalusia, AL?
The tenant pool in Andalusia, AL is solid, supported by local employment and population fundamentals. Rents of $720/mo are well-absorbed by the market.
You know 36421 now. You don’t know where it ranks.
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