Mobile, AL housing market
Typical home value
$197K
▼ 0.4% 1 yr
Typical rent
$1,258/mo
▲ 3.6% 1 yr
Gross rent yield
7.7%
U.S. 6.3%
5-year home value change
+17%
U.S. +20%
Key takeaways
- 1The typical home in Mobile is worth $196,696, down 0.4% over the past year and up 17% over five years.
- 2Typical rent is $1,258 a month (+3.6% YoY), a gross rent yield of 7.7% (below the Mobile, AL metro's 7.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,081/mo, $177 less than typical rent.
- 4Zillow forecasts the Mobile, AL metro's home values to change +1.0% over the next 12 months.
Market temperature (Mobile, AL metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 42/100, #247 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Mobile compares
| Measure | Mobile | Mobile, AL metro | United States |
|---|---|---|---|
| Typical home value | $196,696 | $194,638 | $366,157 |
| Home value, 1-yr change | −0.4% | +0.5% | +1.2% |
| Typical rent | $1,258 | $1,280 | $1,932 |
| Rent, 1-yr change | +3.6% | +3.3% | +2.7% |
| Gross rent yield | 7.7% | 7.9% | 6.3% |
| Price-to-rent ratio | 13.0 | 12.7 | 15.8 |
| Mortgage P&I, typical home | $1,081 | $1,070 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Mobile rental, pre-filled.
Rent vs buy in Mobile
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $197K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.