Gadsden, AL · Alabama

Etowah County

ZIP 35904

103,208 residents118 permits TTM$53,070 median HHI11 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$160,600

ACS 5-Year

Cap rate proxy

6.0%

FMR × 0.65 ÷ Home Value

Rent-to-income

18.2%

HUD FMR ÷ ACS HHI

Net migration

+1.06%

IRS SOI

Permits (TTM)

118

Census BPS

Climate risk

87.3

FEMA NRI (0–100)

ZIP 35904

Median home value

Gross yield

Buy Box score

0.8

Section 8 gap

Affordability

P/I: 2.1R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown11 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
359040.8
359030.8
359540.8
359010.7
359050.5
35952$160,600$1,0207.6%0.526.4%
35906$160,600$1,1108.3%0.537.5%
359560.5
359070.3
35972$160,600$1,0207.6%26.4%
35990

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Demographics

Owner-occupied

73.8%

Census ACS

Vacancy rate

17.5%

Census ACS

Bachelor's degree +

17.5%

Census ACS

Rent burdened

43.7%

Census ACS (>30% income)

Median age

41.8

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