Housing in Mobile, AL is very affordable compared to the national average, with the median value of $176,000 being well below the US median value of $338,100. Despite this lower value, Mobile has seen a higher rate of appreciation over the past year with a 9.93% increase compared to the US rate of 8.27%. This makes it an attractive option for prospective buyers seeking more affordable housing options than those available nationally.
The median home cost in Mobile is $176,000. Home appreciation the last 10 years has been 68.0%. Home Appreciation in Mobile is up 13.2%.
Average Age of Homes
- The median age of Mobile real estate is 45 years old
The Rental Market in Mobile
- Renters make up 36.0% of the Mobile population
- 2.6% of houses and apartments in Mobile, 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.