The housing market in 36602 Mobile, AL is strong. According to the median value of homes, the current median value in Mobile is $251,700. Compared to the US House Median Value of $338,100 this is much lower but still above average. The US 1 year House Appreciation rate is 8.27%, but the 1 year appreciation rate for 36602 Mobile is 9.89%. This means that housing prices are increasing significantly in the area and could be a great opportunity for prospective buyers or investors.
The median home cost in Mobile (zip 36602) is $251,700. Home appreciation the last 10 years has been 67.7%. Home Appreciation in Mobile (zip 36602) is up 13.2%.
Average Age of Homes
- The median age of Mobile (zip 36602) real estate is 57 years old
The Rental Market in Mobile (zip 36602)
- Renters make up 57.6% of the Mobile (zip 36602) population
- 5.0% of houses and apartments in Mobile (zip 36602), 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.