Midtown, Mobile, AL—36608
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midtown, Mobile, AL
As of Oct '25, the median home price in Midtown, Mobile, AL is $238,000, with a year-over-year change of -0.4%. This indicates that home prices in Midtown, Mobile, AL are flat. 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 | $238,000 | -0.4% |
| Single Family | $243,000 | -0.4% |
| Condos | $174,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $168,000 | 0.6% |
3 Bed | $202,000 | -1.0% |
4 Bed | $362,000 | 1.1% |
| 5 Bed | $563,000 | 2.9% |
% of Housing Stock
Rental Trends — Midtown, Mobile, AL
As of July '25, Rentcast reports the average rent in Midtown, Mobile, AL is $1,420, with a year-over-year rent change of -10.1%. Per bedroom, the median rent as of July '25 in Midtown, Mobile, AL is studios: $966, 1-bedrooms: $950, 2-bedrooms: $1,390, 3-bedrooms: $1,510, 4-bedrooms: $2,040. The most common rental property sizes in Midtown, Mobile, AL are 2-bedroom and 3-bedroom, accounting for 42.1% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,440 | $1,420 |
| Studio Rent | $750 | $966 |
| 1 Bed Rent | $916 | $950 |
| 2 Bed Rent | $1,400 | $1,390 |
| 3 Bed Rent | $1,500 | $1,510 |
| 4 Bed Rent | $2,000 | $2,040 |
% of Rental Stock
Property Listings — Midtown, Mobile, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Midtown, Mobile, AL is 53. This is a increase of 6.0% 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 | $275,000 | -9.0% |
Listing Count | 202 | 41.0% |
| Listings as % of Homes | 0.5% | 41.0% |
Days on Market | 53 | 6.0% |
Demographics — Midtown, Mobile, AL
As of the latest ACS Survey released in 2023, Midtown, Mobile, AL has a population of 37,600, which has increased by 5.6% over the past 5 years. Midtown, Mobile, AL is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 41.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,600 | 5.6% |
% Under 18 | 23.4% | 17.6% |
% Seniors | 15.1% | -10.1% |
% WFH | 8.9% | 128.2% |
% w/ College Degree | 41.8% | 6.4% |
As of the latest ACS Survey released in 2023, Midtown, Mobile, AL is a predominantly white area, with 56.1% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Midtown, Mobile, AL is black, making up 35.1% of the population. Foreign-born residents account for 3.6% of the population in Midtown, Mobile, AL, and this percentage has decreased by 32.1% 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 | 56.1% | -9.4% |
% Black | 35.1% | 15.8% |
% Hispanic | 3.8% | -13.6% |
% Asian | 1.7% | -19.0% |
% Foreign Born | 3.6% | -32.1% |
Mortgage and Risk — Midtown, Mobile, AL
According to HUD data as of 2023, there were 748 mortgage originations in Midtown, Mobile, AL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Midtown, Mobile, AL. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 748 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Midtown, Mobile, AL
As of 2024, the percent of homes in Midtown, Mobile, AL under the Section 8 program is 11.7%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Midtown, Mobile, AL, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 921 |
Total Units Section 8 | 844 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 87.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $94 | $916 | $1,010 |
| 2 Bedroom | -$180 | $1,400 | $1,220 |
| 3 Bedroom | $110 | $1,500 | $1,610 |
| 4 Bedroom | -$370 | $2,000 | $1,630 |
Affordability — Midtown, Mobile, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $238,000 |
| Median Household Income | $64,400 |