Real Estate Investing in Wilmer, Alabama (36587)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36587 (Wilmer, 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: 17.4% 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 Wilmer, AL (36587)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 36587 Wilmer
Looking more closely, ZIP 36587 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $203K median. It rewards specialists, not generalists.
Rent of $891/mo on a $203K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 36587 sits below the stated 0.0% once reality is priced in.
In practical terms, 36587 offers a low basis, the region around Wilmer has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 36587 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 36587 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Wilmer:
Property Strategy for 36587
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $118,764 | $990 | 6.0% | +3.2% | $59,382 |
| 3BR | $207,338 | $1,290 | 4.5% | +6.6% | $69,113 |
| 4BR | $292,843 | $1,320 | 3.2% | +6.2% | $73,211 |
Market Trends
Home Value History (with trend line)
📊 How Does 36587 Compare?
| Metric | 36587 | Wilmer | Mobile, AL | Alabama |
|---|---|---|---|---|
| Home Value | $203,480 | $203,480 | N/A | $231,003 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 5.6% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 36587 (Wilmer, AL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 36587 (Wilmer, AL)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $203,480 |
| Monthly Rent | $891 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 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 (3.4%). 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 36587
Population: 12,039
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 36587
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 743 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Wilmer, AL for investors?
With a 3.0/5 investability score, Wilmer, AL ranks as a solid market for rental property investors. Median prices of $203K and rents of $891/mo drive the underlying numbers.
How expensive is real estate in Wilmer, AL?
Typical homes in Wilmer, AL go for around $203K. The 5-year CAGR of 0.0% even-keeled price movement.
How strong are rents in Wilmer, AL?
Rents in Wilmer, AL run near $891/mo. Compared with median home prices of $203K that produces solid gross yields for typical rentals.
What is the typical vacancy rate in Wilmer, AL?
Vacancy risk in Wilmer, AL is elevated. That supports steady cash flow for typical rental holds.
How viable is house hacking in Wilmer, AL?
House hacking works a challenging in Wilmer, AL. Rents of $891/mo against $203K acquisition make the strategy solid for owner-occupants.
You know 36587 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 36587 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 36587 ranks in Mobile, AL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 36587 (Wilmer)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 36587 (Wilmer, AL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.