Real Estate Investing in Alpaugh, California (93201)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93201 (Alpaugh, CA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.3% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 35.7% poverty rate — can affect rent collection.
- Higher unemployment: 11.5% 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 Alpaugh, CA (93201)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93201 Alpaugh
ZIP 93201 inside Tulare County looks affordable on the surface — median value of $216K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,179/mo on a $216K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 93201 sits below the stated 0.0% once reality is priced in.
The gap between 93201 and stronger Alpaugh ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Put differently, 1,146 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.
Experienced landlords with local relationships tend to find 93201 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 Alpaugh:
Market Trends
Home Value History (with trend line)
📊 How Does 93201 Compare?
| Metric | 93201 | Alpaugh | Visalia, CA | California |
|---|---|---|---|---|
| Home Value | $216,159 | $216,159 | N/A | $761,003 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 5.7% |
| Avg Rent | $1,179 | $1,179 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
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 93201 (Alpaugh, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 93201 (Alpaugh, CA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $216,159 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (4.3%). 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 93201
Population: 1,146
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 93201
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.
Frequently Asked Questions
Which investment style suits Alpaugh, CA?
Investors usually favor careful cash-flow rentals with hands-on management in Alpaugh, CA. With home values at $216K and rents near $1,179/mo, other strategies can work but produce predictable rather than outsized returns.
What do rentals go for in Alpaugh, CA?
Rental rates in Alpaugh, CA average $1,179/mo. Tenant demand and $216K home values make the yield look reasonable by investor standards.
What is the typical vacancy rate in Alpaugh, CA?
Occupancy in Alpaugh, CA runs stable with elevated vacancy. Well-priced units at $1,179/mo lease on reasonable timelines.
How do landlord-tenant laws work in Alpaugh, CA?
CA ranks as a tenant-protective state for landlord-tenant law. Alpaugh generally follows the statewide framework, so landlords face reasonable operating rules.
Is housing expensive in Alpaugh, CA?
Alpaugh, CA median home values land near $216K. That is reasonable territory for investors looking at $1,179/mo-per-month rentals.
You know 93201 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93201 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 93201 ranks in Visalia, CA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 93201 (Alpaugh)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 93201 (Alpaugh, CA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.