Old Dauphin Way, Mobile, AL—36604
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old Dauphin Way, Mobile, AL
As of Oct '25, the median home price in Old Dauphin Way, Mobile, AL is $204,000, with a year-over-year change of -3.7%. This indicates that home prices in Old Dauphin Way, Mobile, AL are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | -3.7% |
| Single Family | $208,000 | -4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | -1.7% |
3 Bed | $247,000 | -2.4% |
4 Bed | $404,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Old Dauphin Way, Mobile, AL
As of July '25, Rentcast reports the average rent in Old Dauphin Way, Mobile, AL is $1,200, with a year-over-year rent change of -13.7%. Per bedroom, the median rent as of July '25 in Old Dauphin Way, Mobile, AL is 1-bedrooms: $1,040, 2-bedrooms: $1,250, 3-bedrooms: $1,280, 4-bedrooms: $1,500. The most common rental property sizes in Old Dauphin Way, Mobile, AL are 2-bedroom and 1-bedroom, accounting for 46.1% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $1,040 |
| 2 Bed Rent | $1,200 | $1,250 |
| 3 Bed Rent | $1,250 | $1,280 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Old Dauphin Way, Mobile, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Old Dauphin Way, Mobile, AL is 76. This is a increase of 10.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | 1.0% |
Listing Count | 69 | 16.0% |
| Listings as % of Homes | 0.8% | 16.0% |
Days on Market | 76 | 10.0% |
Demographics — Old Dauphin Way, Mobile, AL
As of the latest ACS Survey released in 2023, Old Dauphin Way, Mobile, AL has a population of 9,050, which has decreased by -5.4% over the past 5 years. Old Dauphin Way, Mobile, AL is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 42.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,050 | -5.4% |
% Under 18 | 20.1% | -5.2% |
% Seniors | 14.7% | 0.7% |
% WFH | 15.3% | 163.8% |
% w/ College Degree | 42.2% | 2.2% |
As of the latest ACS Survey released in 2023, Old Dauphin Way, Mobile, AL is a predominantly white area, with 51.0% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Old Dauphin Way, Mobile, AL is black, making up 42.5% of the population. Foreign-born residents account for 2.3% of the population in Old Dauphin Way, Mobile, AL, and this percentage has increased by 4.5% 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 | 51.0% | -4.3% |
% Black | 42.5% | 0.2% |
% Hispanic | 1.7% | 30.8% |
% Asian | 0.9% | 350.0% |
% Foreign Born | 2.3% | 4.5% |
Mortgage and Risk — Old Dauphin Way, Mobile, AL
According to HUD data as of 2023, there were 190 mortgage originations in Old Dauphin Way, Mobile, AL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Old Dauphin Way, Mobile, AL. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 190 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Old Dauphin Way, Mobile, AL
As of 2024, the percent of homes in Old Dauphin Way, Mobile, AL under the Section 8 program is 13.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Old Dauphin Way, Mobile, AL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 226 |
Total Units Section 8 | 215 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$65 | $875 | $810 |
| 2 Bedroom | -$210 | $1,200 | $990 |
| 3 Bedroom | $60 | $1,250 | $1,310 |
| 4 Bedroom | -$160 | $1,500 | $1,340 |
Affordability — Old Dauphin Way, Mobile, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $204,000 |
| Median Household Income | $60,800 |