Updated 2026 · Based on median market data for Ozark, AL
The median monthly rent in Ozark, AL is $1,310, translating to $15,720 in annual gross rental income per unit. The rent-to-price ratio is 0.85% — below the 1% rule but within a range where deals can work with good financing.
Renters in Ozark spend approximately 32% 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 Ozark 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.
Ozark's GRM (price divided by annual rent) is 9.9x. 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 $1,310/mo, a single-family rental in Ozark generates approximately $15,720 in gross annual income. After accounting for 6.4% vacancy ($1,006 lost), property taxes of $651, insurance (~$620), and maintenance (~$620), the estimated NOI is $12,823 per year, or $1,069/mo.
Ozark vs Alabama state average and national average across key investment metrics. Ozark outperforms both benchmarks on cap rate.