MarketsRun a deal in this market
State · AL
Alabama
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$228k
+3.1%Zillow ZHVI
Median rent
$1,450/mo
+4.8%Zillow ZORI
Gross yield
7.63%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$59,609
Census ACS
Owner-occupied
69.2%
Census ACS
Renter-occupied
30.8%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 7.63% is solid - above the 7% threshold most LTR investors target.
Rent grew 4.8% YoY while values moved 3.1%. That gap drives whether yield compresses or expands over time.
Renter share is 31% - a deep renter pool means lower vacancy risk in Alabama.
Median income of $59,609 sets the affordability ceiling on rent growth.