Updated 2026 · Based on median market data for Enterprise, AL
The median monthly rent in Enterprise, AL is $1,420, translating to $17,040 in annual gross rental income per unit. The rent-to-price ratio is 0.81% — below the 1% rule but within a range where deals can work with good financing.
Renters in Enterprise spend approximately 34% of the local median household income ($49,614) on rent. This exceeds the standard 30% affordability threshold, suggesting rent growth may face resistance — but it also means a large portion of the population finds buying even more out of reach, supporting rental demand.
The vacancy rate in Enterprise is 6.4%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.8% annually provides stable demand.
Enterprise's GRM (price divided by annual rent) is 10.3x. A GRM under 12x is excellent — it means you're paying less than 12 years of gross rent for the property, suggesting strong income relative to price. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,420/mo, a single-family rental in Enterprise generates approximately $17,040 in gross annual income. After accounting for 6.4% vacancy ($1,091 lost), property taxes of $735, insurance (~$700), and maintenance (~$700), the estimated NOI is $13,814 per year, or $1,151/mo.
Enterprise vs Alabama state average and national average across key investment metrics. Enterprise outperforms both benchmarks on cap rate.