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Anniston vs Cullman for Rental Property Investing

Side-by-side comparison of Anniston, AL and Cullman, AL — cap rates, rent, prices, and investment metrics.

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Cullman wins 3–0 across key metrics
Cullman leads on cash flow (5.56% vs 4.86% cap rate) · Anniston leads on population growth
Metric
Anniston, AL
Cullman, AL
Est. Cap Rate
4.86%
5.56%
Median Home Price
$170,000
$250,000
Median Monthly Rent
$920
$1,510
1% Rule
0.54%
0.60%
GRM
15.4x
13.8x
Price / Income
3.4x
5.0x
Property Tax Rate
0.42%
0.42%
Vacancy Rate
6.4%
6.4%
Population Growth
0.8% / yr
0.8% / yr
Annual Appreciation
2.3%
2.3%
Population
50,000
50,000
Median Income
$49,614
$49,614

Anniston vs Cullman: Which Is Better for Investors?

Cash flow: Cullman has the edge with an estimated cap rate of 5.56% compared to Anniston's 4.86%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $170,000 in Anniston vs $250,000 in Cullman, while rents come in at $920/mo and $1,510/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.

Growth & appreciation: Anniston is growing faster at 0.8% annually vs Cullman's 0.8%. Anniston leads on home value appreciation at 2.3% per year.

Costs & risk: Property taxes are 0.42% in Anniston vs 0.42% in Cullman. Vacancy rates of 6.4% and 6.4% are mixed — Cullman has the tighter rental market.

Entry point: Anniston offers a lower entry at $170K vs Cullman's $250K — a difference of $80K. With a 20% down payment, that's $34K vs $50K. Cullman's higher price may be justified by better market fundamentals.

Bottom line: Cullman edges out Anniston on most key metrics. With a 5.56% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Anniston or Cullman.

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Anniston, AL
4.86% cap rate · $170,000 median · $920/mo
Full analysis →
Cullman, AL
5.56% cap rate · $250,000 median · $1,510/mo
Full analysis →

Frequently Asked Questions

Is Anniston or Cullman better for rental investing?
Cullman wins 3–0 across our 7 key metrics. Cullman's 5.56% cap rate and $250K median price give it the edge overall.
What is the cap rate difference between Anniston and Cullman?
Anniston has a 4.86% cap rate vs Cullman's 5.56% — a difference of 0.71 percentage points. This is a relatively small difference — other factors like growth, taxes, and local market conditions may matter more. For context, the national average is 3.81%.
Which city has lower property taxes?
Cullman has lower property taxes at 0.42% vs 0.42%. On a $210K property, that's a difference of approximately $336/year in tax expense — money that goes directly to (or from) your cash flow.
Which city is growing faster?
Anniston is growing at 0.8% annually vs Cullman's 0.8%. Moderate growth provides stable demand. Anniston's appreciation rate of 2.3% also leads on home value growth.

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