Downtown, Mobile, AL—36602
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Mobile, AL
As of Oct '25, the median home price in Downtown, Mobile, AL is $330,000, with a year-over-year change of -1.1%. This indicates that home prices in Downtown, Mobile, AL are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $330,000 | -1.1% |
| Single Family | $351,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $312,000 | -0.3% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Mobile, AL
As of July '25, Rentcast reports the average rent in Downtown, Mobile, AL is $1,610, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Downtown, Mobile, AL is 1-bedrooms: $1,620, 2-bedrooms: $1,580. The most common rental property sizes in Downtown, Mobile, AL are 1-bedroom and studio, accounting for 54.0% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,620 |
| 2 Bed Rent | $1,450 | $1,580 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown, Mobile, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Mobile, AL is 66. This is a decrease of -39.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | 4.0% |
Listing Count | 16 | 37.0% |
| Listings as % of Homes | 0.7% | 37.0% |
Days on Market | 66 | -39.0% |
Demographics — Downtown, Mobile, AL
As of the latest ACS Survey released in 2023, Downtown, Mobile, AL has a population of 897, which has decreased by -4.5% over the past 5 years. Downtown, Mobile, AL is a less popular place for families, as children make up 2.5% of the population. The area has a moderately educated workforce, with 44.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 897 | -4.5% |
% Under 18 | 2.5% | ∞% |
% Seniors | 37.3% | 18.0% |
% WFH | 10.7% | ∞% |
% w/ College Degree | 44.6% | 64.0% |
As of the latest ACS Survey released in 2023, Downtown, Mobile, AL is a predominantly white area, with 58.6% of the population identifying as white. The white population has grown by 6.0% in the last 5 years. The second most common race or ethnicity in Downtown, Mobile, AL is black, making up 23.7% of the population. Foreign-born residents account for 6.6% of the population in Downtown, Mobile, AL, and this percentage has increased by 83.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 58.6% | 6.0% |
% Black | 23.7% | -34.7% |
% Hispanic | 2.8% | 154.5% |
% Asian | 6.7% | 71.8% |
% Foreign Born | 6.6% | 83.3% |
Mortgage and Risk — Downtown, Mobile, AL
According to HUD data as of 2023, there were 24 mortgage originations in Downtown, Mobile, AL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Downtown, Mobile, AL. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 4.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Downtown, Mobile, AL
Downtown, Mobile, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 242 |
Total Units Section 8 | 242 |
% Rentals under Section 8 | 47.5% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$740 | $1,550 | $810 |
| 2 Bedroom | -$460 | $1,450 | $990 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Downtown, Mobile, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.8 |
| Median Home Price | $330,000 |
| Median Household Income | $35,000 |