Government St / Michigan Ave median real estate price is $167,017, which is more expensive than 81.0% of the neighborhoods in Alabama and 43.4% of the neighborhoods in the U.S.
The average rental price in Government St / Michigan Ave is currently $991, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.5% of the neighborhoods in Alabama.
Government St / Michigan Ave is an urban neighborhood (based on population density) located in Mobile, Alabama.
Government St / Michigan Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Government St / Michigan Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Government St / Michigan Ave has a 14.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.3% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.