Theodore, AL 36582 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Theodore, AL—36582

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$199,000

1.2% YoY Growth

Household Income

$61,500

16.7% YoY Growth

Days on Market

19.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$1,500

0.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$950

11.8% YoY Growth

3-Bed Rent

$1,700

1.2% YoY Growth

Home Price Trends — Theodore, AL

As of Dec '25, the median home price in Theodore, AL is $199,000, with a year-over-year change of -1.2%. This indicates that home prices in Theodore, AL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$199,000	-1.2%
Single Family	$199,000	-1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Theodore, AL

As of July '25, Rentcast reports the average rent in Theodore, AL is $1,500, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Theodore, AL is studios: $1,500, 2-bedrooms: $950, 3-bedrooms: $1,590, 4-bedrooms: $1,600. The most common rental property sizes in Theodore, AL are 2-bedroom and 3-bedroom, accounting for 43.5% and 27.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,500
Studio Rent	$1,500	$1,500
1 Bed Rent	N/A	N/A
2 Bed Rent	$950	$950
3 Bed Rent	$1,700	$1,590
4 Bed Rent	$1,600	$1,600

Loading chart...

% of Rental Stock

Studio

2.5%

1 Bedroom

18.5%

2 Bedrooms

43.5%

3 Bedrooms

27.7%

4 Bedrooms

4.4%

5+ Bedrooms

3.4%

Property Listings — Theodore, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in Theodore, AL is 83. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$230,000	-2.0%
Listing Count	104	35.0%
Listings as % of Homes	0.3%	35.0%
Days on Market	92	19.0%

Loading chart...

Demographics — Theodore, AL

As of the latest ACS Survey released in 2023, Theodore, AL has a population of 23,800, which has decreased by -3.3% over the past 5 years. Theodore, AL is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,800	-3.3%
% Under 18	22.9%	-12.9%
% Seniors	16.3%	15.6%
% WFH	5.5%	25.0%
% w/ College Degree	19.6%	7.1%

Loading chart...

As of the latest ACS Survey released in 2023, Theodore, AL is a predominantly white area, with 72.9% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Theodore, AL is black, making up 18.0% of the population. Foreign-born residents account for 2.6% of the population in Theodore, AL, and this percentage has decreased by 25.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	72.9%	2.4%
% Black	18.0%	-8.2%
% Hispanic	3.4%	-19.0%
% Asian	2.3%	27.8%
% Foreign Born	2.6%	-25.7%

Loading chart...

Mortgage and Risk — Theodore, AL

According to HUD data as of 2023, there were 349 mortgage originations in Theodore, AL, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Theodore, AL. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	349
% Conventional Loans	49.0%
% Government Loans	51.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

Loading chart...

Rentals and Section 8 — Theodore, AL

Theodore, AL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	411
Total Units Section 8	317
% Rentals under Section 8	16.0%
% Occupied Section 8	90.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$810
2 Bedroom	$40	$950	$990
3 Bedroom	-$390	$1,700	$1,310
4 Bedroom	-$260	$1,600	$1,340

Theodore, AL—36582

Key Metrics at a Glance

Home Price Trends — Theodore, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Theodore, AL

% of Rental Stock

Property Listings — Theodore, AL

Demographics — Theodore, AL

Race and Ethnicity

Mortgage and Risk — Theodore, AL

Mortgages

Rentals and Section 8 — Theodore, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Theodore, AL

Home Price to Income Ratio

Theodore, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Irvington, AL

Southwest Mobile, Mobile, AL

Mobile Bay Shores, Mobile, AL

West Mobile, Mobile, AL

Bayou La Batre, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$199,000
Median Household Income	$61,500

Theodore, AL—36582

Key Metrics at a Glance

Home Price Trends — Theodore, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Theodore, AL

% of Rental Stock

Property Listings — Theodore, AL

Demographics — Theodore, AL

Race and Ethnicity

Mortgage and Risk — Theodore, AL

Mortgages

Rentals and Section 8 — Theodore, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Theodore, AL

Home Price to Income Ratio

Theodore, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Irvington, AL

Southwest Mobile, Mobile, AL

Mobile Bay Shores, Mobile, AL

West Mobile, Mobile, AL

Bayou La Batre, AL

Frequently Asked Questions

What is the average home price in Theodore, AL 36582?

How have home prices in Theodore, AL 36582 changed over the past year?

What is the home price projection for Theodore, AL 36582?

What are the demographics of Theodore, AL 36582?

How long does it take homes to sell in Theodore, AL 36582?

What is the average rent price in Theodore, AL 36582?