Montgomery, AL · Alabama
Elmore County
ZIP 36022
88,669 residents142 permits TTM$75,553 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$213,600
ACS 5-Year
Cap rate proxy
5.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.1%
HUD FMR ÷ ACS HHI
Net migration
+1.89%
IRS SOI
Permits (TTM)
142
Census BPS
Climate risk
72.2
FEMA NRI (0–100)
ZIP 36022
Median home value
$288,953
Gross yield
4.1%
Cap rate
4.2%
Rent gap
-3.5%
Affordability
P/I: 3.8R/I: —
Section 8 detail
SAFMR: $980Rent: $1,014Gap: -3.4%
ZIP code breakdown9 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 36078 | $187,248 | $900 | 5.8% | 6.5% | -12.7% |
| 36020 | $209,043 | $940 | 5.4% | 5.8% | -7.9% |
| 36025 | $237,311 | $1,080 | 5.5% | 5.1% | 6.1% |
| 36054 | $218,178 | $960 | 5.3% | 7.6% | -44.3% |
| 36092 | $227,759 | $960 | 5.1% | 5.3% | -5.6% |
Ranked by composite score
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Demographics
Owner-occupied
76.9%
Census ACS
Vacancy rate
12.3%
Census ACS
Bachelor's degree +
24.4%
Census ACS
Rent burdened
39.6%
Census ACS (>30% income)
Median age
38.9
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