Real Estate Investing in Notasulga, Alabama (36866)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36866 (Notasulga, 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: 16.1% of homes vacant — above national norms.
- Elevated poverty: 21.6% poverty rate — can affect rent collection.
- Higher unemployment: 13.9% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Notasulga, AL (36866)?
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Market Analysis: 36866 Notasulga
This part of Macon County is not an easy win. The 36866 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $954/mo on a $198K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 36866 sits below the stated 0.0% once reality is priced in.
Put differently, 36866 offers a low basis, the region around Notasulga has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On the rental side, 3,540 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.
New investors are better served looking at Notasulga's stable or hybrid ZIPs before stepping into 36866. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Notasulga:
Market Trends
Home Value History (with trend line)
📊 How Does 36866 Compare?
| Metric | 36866 | Notasulga | Alexander City, AL | Alabama |
|---|---|---|---|---|
| Home Value | $198,203 | $198,203 | N/A | $231,003 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 5.6% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 36866 (Notasulga, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,203 |
| Monthly Rent | $954 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (3.8%). 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 36866
Population: 3,540
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 36866
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 16,474 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is it like being a landlord in Notasulga, AL?
AL law landlord-friendly for landlords, and Notasulga inherits those rules. Investors should still review local ordinances for rental licensing.
Is house hacking profitable in Notasulga, AL?
House hacking works a challenging in Notasulga, AL. Rents of $954/mo against $198K acquisition make the strategy solid for owner-occupants.
How much should I expect to pay for a home in Notasulga, AL?
Typical homes in Notasulga, AL go for around $198K. The 5-year CAGR of 0.0% consistent price movement.
What do landlords charge for rent in Notasulga, AL?
Rent in Notasulga, AL is around $954/mo. The resulting rent-to-value relationship with $198K pricing is reasonable for most investor models.
Is the tenant base reliable in Notasulga, AL?
The renter base in Notasulga, AL is reasonable for the $954/mo price point. Screening well and pricing to market typically yields reliable tenants.
You know 36866 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 36866 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 36866 ranks in Alexander City, AL
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