Real Estate Investing in Theodore, Alabama (36582)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36582 (Theodore, AL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
What’s happening in Theodore, AL (36582)?
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Market Analysis: 36582 Theodore
ZIP 36582 inside Mobile County looks affordable on the surface — median value of $207K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 36582 is durable only for operators who understand what they are buying. A $207K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 36582 among AL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From a cash-flow lens, 23,805 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Theodore:
Property Strategy for 36582
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,628 | $960 | 5.7% | +4.1% | $60,314 |
| 3BR | $193,154 | $1,250 | 4.7% | +6.7% | $64,385 |
| 4BR | $281,704 | $1,280 | 3.3% | +6.0% | $70,426 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 36582 Compare?
| Metric | 36582 | Theodore | Mobile, AL | Alabama |
|---|---|---|---|---|
| Home Value | $206,949 | $206,949 | N/A | $231,003 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 5.6% |
| Avg Rent | $1,525 | $1,525 | N/A | - |
| Cap Rate | 5.8% | 5.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36582 (Theodore, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $206,949 |
| Monthly Rent | $1,525 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.8% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (5.8%). 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 36582
Population: 23,805
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 36582
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
Investor Insight: With 1,763 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Theodore, AL a smart market for rental property?
Our data puts Theodore, AL at 3.0/5 for investability. Home prices of $207K and rents around $1,525/mo create a solid backdrop for investor activity.
Where do rents currently stand in Theodore, AL?
Rents in Theodore, AL run near $1,525/mo. Compared with median home prices of $207K that produces solid gross yields for typical rentals.
What is the typical home price in Theodore, AL?
Theodore, AL home values average about $207K. That price point suits investors targeting rentals with $1,525/mo in monthly income.
Are tenants stable in Theodore, AL?
The renter base in Theodore, AL is reasonable for the $1,525/mo price point. Screening well and pricing to market typically yields consistent tenants.
What kind of vacancy should I budget for in Theodore, AL?
Vacancy risk in Theodore, AL is elevated. That supports stable cash flow for typical rental holds.
You know 36582 now. You don’t know where it ranks.
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How 36582 ranks in Mobile, AL
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