Real Estate Investing in Prichard, Alabama (36610)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36610 (Prichard, AL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 28.8% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
- Elevated poverty: 33.4% poverty rate — can affect rent collection.
- Lower household income: $27,464 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 Prichard, AL (36610)?
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Market Analysis: 36610 Prichard
Homes in the 36610 ZIP trade near $41K, a discount that has historically rewarded investors willing to renovate. Rent comps near $810/mo support the pro forma.
BRRRR works in 36610 because the math supports it. Buy at $41K, rehab, and the refinance step typically recovers capital in a way that flat-yield markets cannot match.
Relative to AL, 36610 reads as a working-capital ZIP — prices below average, renter share elevated at 55%, and room for operator-led upside.
Household income in 36610 supports the rent-lift thesis. 9,692 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
The strategy in 36610 is forced equity, not market equity. Looking more closely, entry prices are accommodating at $41K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Prichard:
Property Strategy for 36610
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $30,743 | $900 | 21.1% | +1.3% | $15,372 |
| 3BR | $41,412 | $1,180 | 20.5% | -0.5% | $13,804 |
| 4BR | $50,747 | $1,210 | 17.2% | +2.2% | $12,687 |
Market Trends
Home Value History (with trend line)
📊 How Does 36610 Compare?
| Metric | 36610 | Prichard | Mobile, AL | Alabama |
|---|---|---|---|---|
| Home Value | $40,504 | $84,578 | N/A | $231,003 |
| 5-Year CAGR | 1.0% | 1.7% | N/A | 5.6% |
| Avg Rent | $810 | $909 | N/A | - |
| Cap Rate | 15.6% | 10.5% | - | - |
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 36610 (Prichard, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $40,504 |
| Monthly Rent | $810 |
| Price-to-Rent | 4.2:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 24.0% |
| Cap Rate | 15.6% |
| 5-Year IRR | 16.6% |
📈 Home Appreciation
| 1-Year | +15.2% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +1.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (15.6%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 36610
Population: 9,692
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 36610
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
The Pathway
John L Leflore Magnet School
Booker T Washington Middle School
Holloway Elementary
Chickasaw Middle School
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
What is the typical home price in Prichard, AL?
The median home value in Prichard, AL is roughly $41K. That puts it reasonable relative to the AL statewide average.
Is Prichard, AL good for house hacking?
Prichard, AL is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $41K price point reasonable to enter.
Is it possible to hit the 1% rule in Prichard, AL?
The 1% rule is solid territory for Prichard, AL. Rent-to-price at the median is 2.00%, putting many properties within striking distance.
Does Prichard, AL make sense for an investment property?
Yes - Prichard, AL a 4.0/5 investability score. With $41K home prices against $810/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the average monthly rent in Prichard, AL?
Investors in Prichard, AL typically see rents near $810/mo per month against $41K home values - a solid setup for rental cash flow.
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How 36610 ranks in Mobile, AL
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