Alabama

Franklin County

ZIP 35654

31,978 residents13 permits TTM$51,493 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$128,000

ACS 5-Year

Cap rate proxy

6.3%

FMR × 0.65 ÷ Home Value

Rent-to-income

15.5%

HUD FMR ÷ ACS HHI

Net migration

+0.88%

IRS SOI

Permits (TTM)

13

Census BPS

Climate risk

67.7

FEMA NRI (0–100)

ZIP 35654

Median home value

Gross yield

Buy Box score

0.3

Section 8 gap

Affordability

P/I: 3.5R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown7 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
355820.4
355930.4
356530.4
355810.3
356540.3
355850.3
35571

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Demographics

Owner-occupied

71.8%

Census ACS

Vacancy rate

17.0%

Census ACS

Bachelor's degree +

14.9%

Census ACS

Rent burdened

27.7%

Census ACS (>30% income)

Median age

38.6

Census ACS

Data sources
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