The housing market in Mobile, AL (36693) is doing better than the US average. The median value of homes in Mobile is $206,600 - slightly lower than the US median value of $338,100 - but has had a higher appreciation rate over the past year at 9.89% compared to 8.27% nationally. This could indicate that the market in Mobile is still growing and could be an attractive option for home buyers looking for a more affordable option.
The median home cost in Mobile (zip 36693) is $206,600. Home appreciation the last 10 years has been 67.7%. Home Appreciation in Mobile (zip 36693) is up 13.2%.
Average Age of Homes
- The median age of Mobile (zip 36693) real estate is 37 years old
The Rental Market in Mobile (zip 36693)
- Renters make up 25.9% of the Mobile (zip 36693) population
- 2.6% of houses and apartments in Mobile (zip 36693), 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.