Mobile appreciation rates and housing market information

Mobile housing market information

With 198,887 people, 86,152 houses or apartments, and a median cost of homes of $152,577, Mobile real estate is some of the most expensive in Alabama, although Mobile home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Mobile, accounting for 68.82% of the city's housing units. Other types of housing that are prevalent in Mobile include large apartment complexes or high rise apartments (18.57%), duplexes, homes converted to apartments, or other small apartment buildings (8.75%), row houses and other attached homes (2.34%), and a few mobile homes or trailers (1.42%).

The most prevalent building size and type in Mobile are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 54.07% owning, and 36.99% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mobile's housing was primarily built during this period, from the '40s through the '60s. A full 48.39% of the city's housing hails from this era. Other housing ages represented in Mobile include homes built between 1970-1994 (38.83%), and housing constructed from 1939 and earlier (8.49%). There's also some housing in Mobile built between 1995 and later (4.29%).

Mobile home appreciation rates

Real estate appreciation rates in Mobile have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.56% during the period.

NeighborhoodScout's data show that during the latest twelve months, Mobile home appreciation rates, at 1.13%, have been at or slightly above the national average. In the latest quarter, Mobile's appreciation rate has been 2.04%, which annualizes to a rate of 8.16%.

Importantly, this makes Mobile one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Alabama, our data show that Mobile's latest annual appreciation rate is higher than 40% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mobile differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mobile - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Mobile real estate investment or home purchase decisions.