Mobile Metro Area, AL Housing

The housing market in Mobile, AL Metro Area is thriving with a median value of $168,700. This is significantly lower than the US median house value of $338,100 but that also means it's an affordable place to live. The US 1 year house appreciation rate is 8.27% while the 1 year house appreciation rate in Mobile, AL Metro Area is 13.42%, indicating that it's an area where home values are increasing rapidly. This makes it an attractive option for potential home buyers and investors alike looking for a great investment opportunity.

The median home cost in Mobile Metro Area is $168,700. Home appreciation the last 10 years has been 77.6%. Home Appreciation in Mobile Metro Area is up 14.0%.

Average Age of Homes

- The median age of Mobile Metro Area real estate is 39 years old

The Rental Market in Mobile Metro Area

- Renters make up 28.5% of the Mobile Metro Area population
- 1.9% of houses and apartments in Mobile Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Mobile, Alabama	United States
	192,011.0	139,647,020.0
	42	42
	$168,700	$338,100
	14.0%	16.6%
	57.4%	57.0%
	77.6%	101.1%
	$5.33	$10.98
	$757	$2,690
	54.8%	57.4%
	15.0%	11.2%
	30.2%	31.4%
Vacant Housing
	1.9%	1.9%
	0.9%	0.4%
	0.8%	0.7%
	1.1%	0.4%
	1.5%	3.6%
	8.7%	4.1%
Value of Owner-Occupied Housing
	4.2%	2.6%
	4.6%	2.4%
	5.6%	2.8%
	7.7%	3.9%
	8.9%	4.5%
	21.8%	11.3%
	18.1%	13.0%
	17.2%	20.1%
	5.9%	13.6%
	2.4%	8.3%
	2.1%	9.7%
	0.8%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	12.8%	13.6%
	12.8%	13.6%
	13.9%	13.6%
	15.9%	13.2%
	19.8%	14.8%
	13.9%	13.6%
	10.0%	10.0%
	4.5%	4.7%
	3.8%	12.2%

Reviews for Mobile

See all (0)

Write a Review

Start Your Review of Mobile

Commute