Andalusia, AL Apartment Market & Multifamily Brokerage
Covington County, AL
Andalusia is a smaller market — 8,770 residents and 5 tracked properties — but smaller doesn't mean inactive. Thin markets like this one are exactly where relationships matter more than broad marketing, since so few owners are getting called on directly.
One number worth sitting with: only 21.6 apartment units per 1,000 residents, below most of the markets we track. Either this is a true ownership-heavy market with limited renter demand, or there's renter demand here that isn't being served by tracked multifamily stock — worth a closer look before assuming it's the former.
Average asking rent sits around $682/unit — soft relative to the broader footprint. That's the opening: well-located, well-run product has real room to push rent before it bumps into a ceiling.
Andalusia is the Covington County seat and home to a campus of LBW Community College, making it the commercial and medical hub for a large rural stretch of south-central Alabama.
Steven Rowe and Gulf Coast Multifamily represent owners of 10+ unit apartment properties in Andalusia and across Covington County, AL. If you're thinking about selling, refinancing, or just want to know what your property is worth, a confidential conversation costs nothing.