Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$194,638+0.5% YoY · prices are flat
Market right nowBalanced marketFewer homes for sale than last year, 21% have cut their price
Income needed to buy, per year$42,194About 0.7× the local median income ($60,321): affordable for a typical household
Days on market69 daysAbout the same pace as a year ago
Next 12 months+1.0%Zillow expects prices to rise slightly
The typical home in Mobile, AL is worth $194,638, up 0.5% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $195,224, so the area is 0.3% undervalued. It is a balanced market: homes take about 69 days to sell, listings are down 3% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 1.0% over the next year. A household needs about $42,194 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $60,321. Typical rent is $1,280 a month, or $1,514 for a house. In the latest IRS figures, 777 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$194,638
Change in 1 year
+0.5%
Overvalued %
−0.3%
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Fair home value
$195,224
Change in 5 years
+17.6%
Zillow forecast, next 12 months
+1.0%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,055
Income needed to afford it
$42,194
Property tax rate
0.47%
Rent and investing
Typical rent
$1,280
Typical rent for houses
$1,514
Price-to-rent ratio
12.7×
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HUD Fair Market Rent, 2 bedrooms
$1,139
Gross rental yield
7.89%
Cap rate (estimate)
5.13%
Market activity
Listings vs a year ago
−3.2%
Days on market
69
Listings with a price cut
20.9%
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Homes for sale
1,380
Pending sales per 100 listings
37
Asking price per sq ft
$147
People and jobs
Median household income
$60,321
Population change (1 year)
−0.1%
Unemployment rate
5.3%
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Population
411,658
Income adjusted for cost of living
$68,469
Net moves in (IRS)
−777
Cost of living (US = 100)
88.1
Schools, risk and environment
School rating (1 to 10)
5.0
FEMA hazard risk score (0 to 100)
98.0
Unhealthy air days a year
0
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Flood risk score
95.9
Wildfire risk score
93.5
Walkability (1 to 20)
6.8
Road, rail and air noise
54 dB
Questions people ask
Is Mobile, AL overvalued?
Home prices in Mobile, AL are slightly below what local incomes have historically supported: fair value is about $195,224, so the area is 0.3% undervalued.
Is Mobile, AL a buyer's or seller's market?
Mobile, AL is a balanced market: homes take about 69 days to sell, listings are down 3% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Mobile, AL?
Home values in Mobile, AL are up 0.5% over the last year. Zillow's forecast for the next 12 months is +1.0%.
How much do you need to earn to buy a home in Mobile, AL?
A household needs about $42,194 a year to afford the typical home in Mobile, AL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $60,321.