Alabama
Covington County
ZIP 36038
37,647 residents12 permits TTM$50,886 median HHI10 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$142,500
ACS 5-Year
Cap rate proxy
6.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.4%
HUD FMR ÷ ACS HHI
Net migration
+0.76%
IRS SOI
Permits (TTM)
12
Census BPS
Climate risk
82.4
FEMA NRI (0–100)
ZIP 36038
Median home value
$142,500
Gross yield
6.5%
Buy Box score
—
Section 8 gap
—
Affordability
P/I: 2.8R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown10 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 36467 | $142,500 | $776 | 6.5% | 0.4 | — |
| 36442 | $142,500 | $776 | 6.5% | 0.4 | — |
| 36420 | $142,500 | $776 | 6.5% | 0.4 | — |
| 36474 | $142,500 | $776 | 6.5% | 0.3 | — |
| 36028 | $142,500 | $776 | 6.5% | 0.3 | — |
| 36421 | $142,500 | $776 | 6.5% | 0.2 | — |
| 36038 | $142,500 | $776 | 6.5% | — | — |
| 36455 | $142,500 | $776 | 6.5% | — | — |
| 36476 | $142,500 | $776 | 6.5% | — | — |
| 36483 | $142,500 | $776 | 6.5% | — | — |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
75.7%
Census ACS
Vacancy rate
22.4%
Census ACS
Bachelor's degree +
17.2%
Census ACS
Rent burdened
36.7%
Census ACS (>30% income)
Median age
42.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026