The housing market in Mobile, AL (36604) is doing very well. The median value for houses in this area is $180,000, which is significantly lower than the US median house value of $338,100. This makes it a great place for people looking for a good deal on a home. In addition to the lower median value, the one-year appreciation rate of 9.89% is higher than the national average of 8.27%, indicating that this market has performed better than other markets over the past year and could be a good long-term investment.
The median home cost in Mobile (zip 36604) is $180,000. Home appreciation the last 10 years has been 67.7%. Home Appreciation in Mobile (zip 36604) is up 13.2%.
Average Age of Homes
- The median age of Mobile (zip 36604) real estate is 75 years old
The Rental Market in Mobile (zip 36604)
- Renters make up 34.9% of the Mobile (zip 36604) population
- 5.0% of houses and apartments in Mobile (zip 36604), 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.