There are currently 85,113 real estate properties in Mobile, AL, with a median automated valuation model (AVM) price of $179,405.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mobile, AL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mobile, AL, is $206,925.00, with the most expensive house in Mobile, AL, topping out at $12,123,700.00 and the cheapest home in Mobile, AL, clocking in at $9,605.00. In other words, there’s something for every potential homebuyer or savvy investor in Mobile, AL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mobile, AL, is on a rollercoaster ride. The average rent price in Mobile, AL, is $1,133.00. Indeed, when looking to rent in Mobile, AL, you can expect to pay as little as $450.00 or as much as $3,600.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Mobile, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Mobile is located in Mobile, Alabama, with an estimated municipal population of 188,720 residents. All of the best foreclosed homes for sale in Mobile are located in the following zip code areas on Foreclosure.com: 36606 36607 36604 36605 36602 36603 36608 36609 36688 36582 36615 36617 36611 36610 36619 36618 36695 36693 36571 36601 36628 36633 36640 36641 36644 36652 36660 36670 36675 36689 36691. The estimated population per square kilometer (.62 miles) in Mobile is 522.
So, about how much do homes cost in Mobile? The most recent median value of resident-owned homes in Mobile is 123,343. An estimated 53.2 percent of households in Mobile own their homes, with an average family size of 3.26. The median household income in Mobile is 42,321, with17 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mobile, the median commute time of resident workers (in minutes) is 22.1. And last, but certainly not least, are you looking for homes to rent in Mobile? If so, the average rent price paid by renters in Mobile is 857, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Mobile, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Mobile is 37.7, split between 47.1 percent male versus 52.9 female. The percentage of residents who report being married in Mobile is 35.7, with an average family size of 3.26.
The percentage of residents who report their race in Mobile is as follows:
| White | 43.5% |
| Black / African American | 51.5% |
| Asian | 1.9% |
| American Indian / Alaskan Native | 0.2% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.1% |
| Other | 0.7% |
Looking for family-friendly neighborhoods in and/or near Mobile? Or maybe you are searching for 55+ active adult communities in and/or near Mobile?
The percentage of residents who report their age in Mobile is as follows:
| Under 10 | 11.5% |
| Aged 10-19 | 12.3% |
| 20s | 15.8% |
| 30s | 13.2% |
| 40s | 11.4% |
| 50s | 12.7% |
| 60s | 12.2% |
| 70s | 7% |
| 80+ | 3.9% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Mobile with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mobile.
How do you know that living in -- or moving to -- Mobile is right where you need to be? Perhaps you grew up in Mobile or already live nearby; therefore, the decision to buy a home in Mobile is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mobile for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Mobile:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mobile.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mobile can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mobile, meanwhile, can field multiple offers from more qualified buyers.
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