Real Estate Investing in Prichard, Alabama (36613)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36613 (Prichard, 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: 20.0% 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 Prichard, AL (36613)?
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Market Analysis: 36613 Prichard
ZIP 36613 in Prichard, AL carries a robust set of headwinds. Home values near $150K and rents of $1,107/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 36613 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 36613's metrics run below Mobile County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 36613 ZIP's population of 12,082 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategically, 36613 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Prichard:
Property Strategy for 36613
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $72,930 | $1,230 | 12.1% | +2.4% | $36,465 |
| 3BR | $159,176 | $1,610 | 7.3% | +5.2% | $53,059 |
| 4BR | $188,986 | $1,640 | 6.2% | +5.0% | $47,247 |
Market Trends
Home Value History (with trend line)
📊 How Does 36613 Compare?
| Metric | 36613 | Prichard | Mobile, AL | Alabama |
|---|---|---|---|---|
| Home Value | $150,061 | $84,578 | N/A | $231,003 |
| 5-Year CAGR | 2.3% | 1.7% | N/A | 5.6% |
| Avg Rent | $1,107 | $909 | N/A | - |
| Cap Rate | 5.8% | 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 36613 (Prichard, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $150,061 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +2.3% ▲ |
| 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 (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 36613
Population: 12,082
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 36613
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
How deep is the rental pool in Prichard, AL?
The tenant pool in Prichard, AL is solid, supported by local employment and population fundamentals. Rents of $1,107/mo are well-absorbed by the market.
How landlord-friendly is Prichard, AL?
Landlord-friendliness in Prichard, AL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are homes affordable in Prichard, AL?
Prichard, AL home values average about $150K. That price point suits investors targeting rentals with $1,107/mo in monthly income.
What real estate strategy is ideal for Prichard, AL?
Prichard, AL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($150K prices, $1,107/mo rents) make it a reasonable choice.
How does Prichard, AL rate as a rental market?
Prichard, AL scores 3.0/5 for investability. Home values sit at $150K and rents near $1,107/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 36613 now. You don’t know where it ranks.
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How 36613 ranks in Mobile, AL
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