Mobile-Airport Area, Mobile, AL—36695
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mobile-Airport Area, Mobile, AL
As of Oct '25, the median home price in Mobile-Airport Area, Mobile, AL is $274,000, with a year-over-year change of 0.4%. This indicates that home prices in Mobile-Airport Area, Mobile, AL are flat. 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 | $274,000 | 0.4% |
| Single Family | $274,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $180,000 | -1.1% |
3 Bed | $233,000 | -0.4% |
4 Bed | $331,000 | 0.6% |
| 5 Bed | $419,000 | 1.5% |
% of Housing Stock
Rental Trends — Mobile-Airport Area, Mobile, AL
As of July '25, Rentcast reports the average rent in Mobile-Airport Area, Mobile, AL is $1,810, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Mobile-Airport Area, Mobile, AL is 1-bedrooms: $1,080, 2-bedrooms: $1,340, 3-bedrooms: $1,760, 4-bedrooms: $2,390. The most common rental property sizes in Mobile-Airport Area, Mobile, AL are 2-bedroom and 3-bedroom, accounting for 42.6% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,080 |
| 2 Bed Rent | $1,300 | $1,340 |
| 3 Bed Rent | $1,750 | $1,760 |
| 4 Bed Rent | $2,400 | $2,390 |
% of Rental Stock
Property Listings — Mobile-Airport Area, Mobile, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Mobile-Airport Area, Mobile, AL is 63. This is a increase of 15.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -2.0% |
Listing Count | 251 | 25.0% |
| Listings as % of Homes | 0.5% | 25.0% |
Days on Market | 63 | 15.0% |
Demographics — Mobile-Airport Area, Mobile, AL
As of the latest ACS Survey released in 2023, Mobile-Airport Area, Mobile, AL has a population of 52,900, which has increased by 3.6% over the past 5 years. Mobile-Airport Area, Mobile, AL is a popular place for families, as children make up 26.6% of the population. The area has a moderately educated workforce, with 33.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,900 | 3.6% |
% Under 18 | 26.6% | 6.4% |
% Seniors | 14.6% | 12.3% |
% WFH | 11.6% | 169.8% |
% w/ College Degree | 33.5% | -11.1% |
As of the latest ACS Survey released in 2023, Mobile-Airport Area, Mobile, AL is a predominantly white area, with 67.3% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Mobile-Airport Area, Mobile, AL is black, making up 22.8% of the population. Foreign-born residents account for 4.7% of the population in Mobile-Airport Area, Mobile, AL, and this percentage has decreased by 14.5% 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 | 67.3% | -5.5% |
% Black | 22.8% | 9.6% |
% Hispanic | 4.6% | 70.4% |
% Asian | 2.6% | -21.2% |
% Foreign Born | 4.7% | -14.5% |
Mortgage and Risk — Mobile-Airport Area, Mobile, AL
According to HUD data as of 2023, there were 1052 mortgage originations in Mobile-Airport Area, Mobile, AL, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Mobile-Airport Area, Mobile, AL. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,052 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mobile-Airport Area, Mobile, AL
As of 2024, the percent of homes in Mobile-Airport Area, Mobile, AL under the Section 8 program is 12.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Mobile-Airport Area, Mobile, AL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 737 |
Total Units Section 8 | 715 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,020 | $1,080 |
| 2 Bedroom | $0 | $1,300 | $1,300 |
| 3 Bedroom | -$40 | $1,750 | $1,710 |
| 4 Bedroom | -$660 | $2,400 | $1,740 |
Affordability — Mobile-Airport Area, Mobile, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $274,000 |
| Median Household Income | $75,200 |