Oakleigh, Mobile, AL—36617
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakleigh, Mobile, AL
As of Oct '25, the median home price in Oakleigh, Mobile, AL is $56,000, with a year-over-year change of -16.2%. This indicates that home prices in Oakleigh, Mobile, AL are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $56,000 | -16.2% |
| Single Family | $56,000 | -16.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $45,000 | -19.6% |
3 Bed | $66,000 | -16.5% |
4 Bed | $83,000 | -13.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,100 | $1,180 |
| 4 Bed Rent | $1,300 | $1,320 |
% of Rental Stock
Property Listings — Oakleigh, Mobile, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakleigh, Mobile, AL is 77. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $84,600 | -28.0% |
Listing Count | 25 | 55.0% |
| Listings as % of Homes | 0.3% | 55.0% |
Days on Market | 77 | 0.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $56,000 |
| Median Household Income | $39,900 |