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Oakleigh, Mobile, AL—36617

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$58,000
3.8% YoY Growth
Household Income
$39,900
44.5% YoY Growth
Days on Market
53
31.0% Shorter YoY
Home Price Forecast
-0.3%
Median Rent
$1,300
8.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,300
36.8% YoY Growth
3-Bed Rent
$1,100
3.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Oakleigh, Mobile, AL

As of May '26, the median home price in Oakleigh, Mobile, AL is $58,000, with a year-over-year change of -3.8%. This indicates that home prices in Oakleigh, Mobile, AL are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$58,000-3.8%
Single Family $58,000-1.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$48,000-7.7%
    3 Bed
    		$69,000-1.4%
    4 Bed
    		$88,0003.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    4.5%
    2 Bedrooms
    24.2%
    3 Bedrooms
    49.7%
    4 Bedrooms
    16.3%
    5+ Bedrooms
    4.3%

    Rental Trends — Oakleigh, Mobile, AL

    As of July '25, Rentcast reports the average rent in Oakleigh, Mobile, AL is $1,250, with a year-over-year rent change of 8.7%. Per bedroom, the median rent as of July '25 in Oakleigh, Mobile, AL is 2-bedrooms: $1,300, 3-bedrooms: $1,180, 4-bedrooms: $1,320. The most common rental property sizes in Oakleigh, Mobile, AL are 3-bedroom and 2-bedroom, accounting for 47.0% and 26.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,300$1,250
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,300$1,300
    3 Bed Rent $1,100$1,180
    4 Bed Rent $1,300$1,320
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    % of Rental Stock

    Studio
    2.2%
    1 Bedroom
    7.4%
    2 Bedrooms
    26.4%
    3 Bedrooms
    47.0%
    4 Bedrooms
    14.1%
    5+ Bedrooms
    3.0%

    Property Listings — Oakleigh, Mobile, AL

    As of May '26, Realtor.com reports that the median days on market for a home in Oakleigh, Mobile, AL is 53. This is a decrease of -31.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$130,000-7.0%
    Listing Count
    		2412.0%
    Listings as % of Homes0.3%12.0%
    Days on Market
    		53-31.0%
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    Demographics — Oakleigh, Mobile, AL

    As of the latest ACS Survey released in 2023, Oakleigh, Mobile, AL has a population of 12,000, which has decreased by -10.7% over the past 5 years. Oakleigh, Mobile, AL is a moderately popular place for families, as children make up 15.8% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,000-10.7%
    % Under 18
    		15.8%-29.8%
    % Seniors
    		25.0%28.9%
    % WFH
    		5.8%34.9%
    % w/ College Degree
    		14.9%-5.1%
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    As of the latest ACS Survey released in 2023, Oakleigh, Mobile, AL is a predominantly black area, with 96.6% of the population identifying as black. The black population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Oakleigh, Mobile, AL is white, making up 2.3% of the population. Foreign-born residents account for 0.3% of the population in Oakleigh, Mobile, AL, and this percentage has decreased by 57.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		2.3%-36.1%
    % Black
    		96.6%2.3%
    % Hispanic
    		0.1%-87.5%
    % Asian
    		0.2%∞%
    % Foreign Born
    		0.3%-57.1%
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    Mortgage and Risk — Oakleigh, Mobile, AL

    According to HUD data as of 2023, there were 42 mortgage originations in Oakleigh, Mobile, AL, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Oakleigh, Mobile, AL. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		42
    % Conventional Loans
    		60.0%
    % Government Loans
    		40.0%
    % Investor Loans
    		10.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Oakleigh, Mobile, AL

    Oakleigh, Mobile, AL lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		630
    Total Units Section 8
    		628
    % Rentals under Section 8
    		24.0%
    % Occupied Section 8
    		87.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$980
    2 Bedroom-$120$1,300$1,180
    3 Bedroom$450$1,100$1,550
    4 Bedroom$280$1,300$1,580

    Affordability — Oakleigh, Mobile, AL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio1.4
    Median Home Price$58,000
    Median Household Income$39,900

    Oakleigh, Mobile, AL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    East Mobile, Mobile, AL

    36607

    Neely

    36663

    Prichard, AL

    36610

    Prichard, AL

    36612

    Old Dauphin Way, Mobile, AL

    36604

    Frequently Asked Questions