The housing market in Mobile, AL (36688) is showing a greater appreciation rate than the national average. The median value of homes in Mobile is $198,800 while the US median home value is currently $338,100. This past year, houses in Mobile appreciated by 9.89%, whereas the national 1-year appreciation rate was 8.27%. These figures indicate a strong real estate market in Mobile, which may benefit both buyers and sellers alike.
The median home cost in Mobile (zip 36688) is $198,800. Home appreciation the last 10 years has been 67.7%. Home Appreciation in Mobile (zip 36688) is up 13.2%.
Average Age of Homes
- The median age of Mobile (zip 36688) real estate is 39 years old
The Rental Market in Mobile (zip 36688)
- Renters make up 0.0% of the Mobile (zip 36688) population
- 16.8% of houses and apartments in Mobile (zip 36688), 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.