Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Park Place area can be challenging. Home prices in Park Place are now at a median cost of $238,917, higher than the Mobile average of $211,057.
The average cost of rent is $991/mo in Park Place, primarily driven by the current value of real estate in the Park Place area. In Park Place, 30.59% of households rent, and 39.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Park Place is $5,698 per month. Households that rent pay about 17.40% of their income on rent here. Park Place’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Carlen, Mobile, AL: higher priced homes
- Carver, Mobile, AL: less expensive homes
- Dauphin Acres, Mobile, AL: less expensive homes
- Gorgas, Mobile, AL: less expensive homes
- Rickarby, Mobile, AL: less expensive homes
- Brookwood, Mobile, AL: less expensive homes
- College Park, Mobile, AL: higher priced homes
- Bolton, Mobile, AL: less expensive homes
- Airmont, Mobile, AL: less expensive homes
- Navco, Mobile, AL: less expensive homes
Neighborhoods with Similar Populations
- Southwest, West Palm Beach, FL: higher priced homes
- Enderis Park, Milwaukee, WI: equally priced homes
- Enderly Park, Charlotte, NC: equally priced homes
- Ericsson, Minneapolis, MN: higher priced homes
- Factoria, Bellevue, WA: higher priced homes
- Fairview, Charlotte, NC: higher priced homes
- South Orange, Orlando, FL: higher priced homes
- Southdale, Edina, MN: equally priced homes
- Southeast Mill Creek, Salem, OR: higher priced homes
- Southwest Saginaw, Saginaw, MI: less expensive homes
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