Mobile Bay Shores, Mobile, AL—36693
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mobile Bay Shores, Mobile, AL
As of Oct '25, the median home price in Mobile Bay Shores, Mobile, AL is $226,000, with a year-over-year change of -0.3%. This indicates that home prices in Mobile Bay Shores, Mobile, AL are flat. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $226,000 | -0.3% |
| Single Family | $226,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | 0.0% |
3 Bed | $214,000 | -0.9% |
4 Bed | $286,000 | -0.7% |
| 5 Bed | $377,000 | -0.3% |
% of Housing Stock
Rental Trends — Mobile Bay Shores, Mobile, AL
As of July '25, Rentcast reports the average rent in Mobile Bay Shores, Mobile, AL is $1,680, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Mobile Bay Shores, Mobile, AL is 1-bedrooms: $1,140, 2-bedrooms: $1,120, 3-bedrooms: $1,660, 4-bedrooms: $2,300. The most common rental property sizes in Mobile Bay Shores, Mobile, AL are 2-bedroom and 3-bedroom, accounting for 42.2% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $898 | $1,140 |
| 2 Bed Rent | $1,000 | $1,120 |
| 3 Bed Rent | $1,650 | $1,660 |
| 4 Bed Rent | $2,000 | $2,300 |
% of Rental Stock
Property Listings — Mobile Bay Shores, Mobile, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mobile Bay Shores, Mobile, AL is 84. This is a increase of 36.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $263,000 | -3.0% |
Listing Count | 97 | 15.0% |
| Listings as % of Homes | 0.6% | 15.0% |
Days on Market | 84 | 36.0% |
Demographics — Mobile Bay Shores, Mobile, AL
As of the latest ACS Survey released in 2023, Mobile Bay Shores, Mobile, AL has a population of 18,300, which has decreased by -9.7% over the past 5 years. Mobile Bay Shores, Mobile, AL is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 39.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | -9.7% |
% Under 18 | 21.6% | 2.9% |
% Seniors | 21.4% | 9.7% |
% WFH | 9.2% | 67.3% |
% w/ College Degree | 39.6% | 10.3% |
As of the latest ACS Survey released in 2023, Mobile Bay Shores, Mobile, AL is a predominantly white area, with 65.1% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Mobile Bay Shores, Mobile, AL is black, making up 23.4% of the population. Foreign-born residents account for 7.8% of the population in Mobile Bay Shores, Mobile, AL, and this percentage has increased by 69.6% 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 | 65.1% | -2.0% |
% Black | 23.4% | -3.3% |
% Hispanic | 4.8% | 50.0% |
% Asian | 4.1% | 127.8% |
% Foreign Born | 7.8% | 69.6% |
Mortgage and Risk — Mobile Bay Shores, Mobile, AL
According to HUD data as of 2023, there were 334 mortgage originations in Mobile Bay Shores, Mobile, AL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Mobile Bay Shores, Mobile, AL. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 334 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Mobile Bay Shores, Mobile, AL
As of 2024, the percent of homes in Mobile Bay Shores, Mobile, AL under the Section 8 program is 6.4%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Mobile Bay Shores, Mobile, AL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 207 |
Total Units Section 8 | 163 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $62 | $898 | $960 |
| 2 Bedroom | $160 | $1,000 | $1,160 |
| 3 Bedroom | -$120 | $1,650 | $1,530 |
| 4 Bedroom | -$450 | $2,000 | $1,550 |
Affordability — Mobile Bay Shores, Mobile, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $226,000 |
| Median Household Income | $69,600 |