Real Estate Investing in Coden, Alabama (36523)
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Should you buy in 36523 (Coden, 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: 15.2% 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 Coden, AL (36523)?
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Market Analysis: 36523 Coden
Not every below-median market is a bargain. Coden's 36523 ZIP posts signals that favor experienced operators who can absorb the risk $154K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 36523 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Coden have seen price recovery that 36523 has not matched. Mobile County data supports the view that the spread is structural rather than temporary.
The demographic picture in 36523 includes headwinds that any investor should price in. Income distribution skews lower than Coden averages, and tenant stability requires active management.
Strategy in 36523 is an operator game, not a passive one. On the rental side, entry prices of $154K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Coden:
Property Strategy for 36523
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $135,814 | $1,120 | 5.9% | +4.5% | $67,907 |
| 3BR | $215,752 | $1,460 | 4.9% | +6.8% | $71,917 |
Market Trends
Home Value History (with trend line)
📊 How Does 36523 Compare?
| Metric | 36523 | Coden | Mobile, AL | Alabama |
|---|---|---|---|---|
| Home Value | $154,112 | $154,112 | N/A | $231,003 |
| 5-Year CAGR | 2.1% | 2.1% | N/A | 5.6% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36523 (Coden, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $154,112 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 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 (5.1%). 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 36523
Population: 2,650
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
Frequently Asked Questions
How much does a house cost in Coden, AL?
Homes in Coden, AL typically sell near $154K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Are renters plentiful in Coden, AL?
Coden, AL draws a consistent base of working renters. Demand at the $1,008/mo rent level is reasonable for standard single-family and small multi rentals.
Can owner-occupants cash flow in Coden, AL?
Coden, AL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,008/mo rent level.
How landlord-friendly is Coden, AL?
Landlord-friendliness in Coden, AL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much do tenants pay in Coden, AL?
Expect rents around $1,008/mo per month in Coden, AL. With home values at $154K, the yield math works out to reasonable levels for rental investors.
You know 36523 now. You don’t know where it ranks.
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How 36523 ranks in Mobile, AL
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