Florence-Muscle Shoals, AL · Alabama
Colbert County
ZIP 35646
57,648 residents79 permits TTM$56,736 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$161,600
ACS 5-Year
Cap rate proxy
6.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.7%
HUD FMR ÷ ACS HHI
Net migration
+1.44%
IRS SOI
Permits (TTM)
79
Census BPS
Climate risk
80.7
FEMA NRI (0–100)
ZIP 35646
Median home value
—
Gross yield
—
Cap rate
6.6%
Rent gap
—
Affordability
P/I: 2.7R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 35660 | — | — | — | 8.6% | — |
| 35616 | — | — | — | 7.7% | — |
| 35646 | — | — | — | 6.6% | — |
| 35661 | — | — | — | 5.3% | — |
| 35674 | — | — | — | 5.2% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
70.8%
Census ACS
Vacancy rate
13.2%
Census ACS
Bachelor's degree +
20.3%
Census ACS
Rent burdened
39.1%
Census ACS (>30% income)
Median age
42.3
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