Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mobile area can be challenging. Home prices in Mobile are now at a median cost of $171,449, lower than the Alabama average of $185,232.
The average cost of rent is $1,004/mo in Mobile, primarily driven by the current value of real estate in the Mobile area. While nearly 37.52% of residents own their homes outright in Mobile, 42.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mobile is $4,651 per month. Households that rent pay about 21.57% of their income on rent here. Mobile's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Prichard, AL: less expensive homes
- Tillmans Corner, AL: equally priced homes
- Chickasaw, AL: less expensive homes
- Semmes, AL: less expensive homes
- Eight Mile, AL: less expensive homes
- Theodore, AL: higher priced homes
- Seven Hills, AL: higher priced homes
- St. Elmo, AL: less expensive homes
- Tanner Williams, AL: equally priced homes
- Grand Bay, AL: less expensive homes
Cities with Similar Populations
- Covington, GA: equally priced homes
- Cicero, IL: higher priced homes
- Chapel Hill, NC: higher priced homes
- Clinton Township, MI: equally priced homes
- Clarksville, TN: higher priced homes
- Champaign, IL: equally priced homes
- Carolina, PR: less expensive homes
- Clifton, NJ: higher priced homes
- Charleston, WV: less expensive homes
- Charleston, SC: higher priced homes
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