Decatur, AL · Alabama
Morgan County
ZIP 35775
123,742 residents246 permits TTM$64,858 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$193,000
ACS 5-Year
Cap rate proxy
5.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.4%
HUD FMR ÷ ACS HHI
Net migration
+1.30%
IRS SOI
Permits (TTM)
246
Census BPS
Climate risk
88.8
FEMA NRI (0–100)
ZIP 35775
Median home value
—
Gross yield
—
Cap rate
5.2%
Rent gap
—
Affordability
P/I: 3.0R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 35775 | — | — | — | 5.2% | — |
| 35622 | — | — | — | 5.1% | — |
| 35621 | — | — | — | 5.0% | — |
| 35601 | — | — | — | 7.3% | — |
| 35670 | — | — | — | 4.4% | — |
Ranked by composite score
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Demographics
Owner-occupied
72.5%
Census ACS
Vacancy rate
9.0%
Census ACS
Bachelor's degree +
23.2%
Census ACS
Rent burdened
37.2%
Census ACS (>30% income)
Median age
40.3
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