Home Values

36606 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$72,100

  • -0.7% 1-year change
  • 2.4% 1-year forecast

The median home value in 36606 is $72,100. 36606 home values have declined -0.7% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in 36606 is $63, which is lower than the Mobile average of $85. The median price of homes currently listed in 36606 is $88,000 while the median price of homes that sold is $92,310. The median rent price in 36606 is $695, which is lower than the Mobile median of $750.

Foreclosures will be a factor impacting home values in the next several years. In 36606 12.9 homes are foreclosed (per 10,000). This is lower than the Mobile value of 13.0 and also greater than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 36606 is 4.4%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 36606 homeowners underwater on their mortgage is 30.9%, which is higher than Mobile at 25.8%.

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Relative ZHVI
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36606 Market Overview

Data through Nov 30, 2014
  • $72,100 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $88,000 Median listing price
  • $92,310 Median sale price (Oct 31, 2014)
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36606 Market Health

Data through Nov 30, 2014
  • 1.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 30.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

12.9 homes 36606
13 homes Mobile
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
36693 $127,600
36609 $111,900
36604 $100,300
Name Median ZHVI
36607 $54,700
36603 $42,500
36617 $41,000

Listings & Sales

Data through Nov 30, 2014
  • $63 Median list price / sq ft
  • $66 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
22.6%
Sold below listing
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36606 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $789 36606
    $904 Mobile
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $695 Rent list price
  • $0.64 Rent list price / sq ft
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