36611 Home Prices & Values

$58,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -3.0% 1-year change
  • -0.2% 1-year forecast

The median home value in 36611 is $58,000. 36611 home values have declined -3.0% over the past year and Zillow predicts they will fall -0.2% within the next year. The median list price per square foot in 36611 is $44, which is lower than the Mobile average of $82. The median price of homes currently listed in 36611 is $62,500 while the median price of homes that sold is $50,000. The median rent price in 36611 is $675, which is lower than the Mobile median of $795.

Foreclosures will be a factor impacting home values in the next several years. In 36611 11.9 homes are foreclosed (per 10,000). This is lower than the Mobile value of 15.4 and also greater than the national value of 4.4

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 36611 is 9.9%, which is higher than the national value of 6.9%. 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 36611 homeowners underwater on their mortgage is 34.7%, which is higher than Mobile at 25.0%.

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Relative ZHVI
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36611 Market Overview

Data through Jul 31, 2014
  • $58,000 ZHVI
  • -0.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $62,500 Median listing price
  • No recent data Median sale price
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36611 Market Health

Data through Jul 31, 2014
  • 0.1/10 Less healthy What's This?  
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    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
  • 34.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

11.9 homes 36611
15.4 homes Mobile
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
36571 $113,600 36604 $103,500 36607 $53,400
36612 $41,100    

Listings & Sales

Data through Jul 31, 2014
  • $44 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 47.6% Listings with price cut
53.3%
Sold below listing
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36611 Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$734 36611
$897 Mobile
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $675 Rent list price
  • No data Rent list price / sq ft
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