Home Values

Mobile 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

$99,900

  • 2.8% 1-year change
  • 3.0% 1-year forecast

The median home value in Mobile is $99,900. Mobile home values have gone up 2.8% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in Mobile is None. The median rent price in Mobile is $800, which is the same as the Mobile Metro median of $800.

Foreclosures will be a factor impacting home values in the next several years. In Mobile 10.7 homes are foreclosed (per 10,000). This is greater than the Mobile Metro value of 9.0 and also greater than the national value of 3.0

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 Mobile is 4.9%, which is lower than the national value of 6.3%. 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 Mobile homeowners underwater on their mortgage is 26.7%, which is higher than Mobile Metro at 24.9%.

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Relative ZHVI
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Mobile Market Overview

Data through Mar 31, 2015
  • $99,900 ZHVI
  • 3.0% 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
    (Mar 31, 2016)
  • No data Median listing price
  • $128,976 Median sale price
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Mobile Market Health

Data through Mar 31, 2015
  • 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 26.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.9% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

10.7 homes Mobile
9 homes Mobile Metro
3 homes United States
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Neighborhoods in Mobile

Name Median ZHVI
Overton $202,400
Second Creek $178,300
Thornhill $167,300
Name Median ZHVI
Berkleigh $135,300
Sheldon $134,800
Westhill $130,400
Name Median ZHVI
Claremont $129,200
Reichlieu $127,600
Malibar Heights $92,700

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $76 Median sale price / sq ft
  • No data Listings with price cut
30.4%
Sold below listing
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Mobile Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $904 Mobile
    $897 Mobile Metro
    $1,362 United States

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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $800 Rent list price
  • $0.66 Rent list price / sq ft
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