Gross rental yield of 8.16% — ranked #42 of 132 Alabama ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +0.9% | +21.2% |
| Market rent | +5.9% | +30.6% |
Metro: Birmingham-Hoover, AL · County: Shelby County · Annual rent: $20,964
Similar home values, sorted by yield — the cheapest way to see if 35040 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 35004 | Moody | AL | $264,802 | $1,866 | 8.46% | 11.8 | +2.5% |
| 35094 | Leeds | AL | $262,147 | $1,666 | 7.62% | 13.1 | +3.0% |
| 35750 | Hazel Green | AL | $264,068 | $1,662 | 7.55% | 13.2 | +1.9% |
| 35120 | Odenville | AL | $261,422 | $1,633 | 7.49% | 13.3 | +3.5% |
| 35055 | Cullman | AL | $255,805 | $1,491 | 6.99% | 14.3 | +3.9% |
| 36117 | Montgomery | AL | $260,424 | $1,430 | 6.59% | 15.2 | +2.3% |
| 35661 | Muscle Shoals | AL | $260,527 | $1,315 | 6.06% | 16.5 | +2.5% |
| 35611 | Athens | AL | $255,220 | $1,262 | 5.93% | 16.9 | +0.1% |
Top rental yields in all of Alabama →
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