Mobile Home Prices & Values

$97,200 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

  • -0.4% 1-year change
  • 2.7% 1-year forecast

The median home value in Mobile is $97,200. Mobile home values have declined -0.4% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Mobile is $83, which is lower than the Mobile Metro average of $83. The median price of homes currently listed in Mobile is $141,000 while the median price of homes that sold is $125,270. The median rent price in Mobile is $750, which is the same as the Mobile Metro median of $750.

Foreclosures will be a factor impacting home values in the next several years. In Mobile 15.3 homes are foreclosed (per 10,000). This is greater than the Mobile Metro value of 13.9 and also greater than the national value of 4.3

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 5.3%, which is lower than the national value of 7.2%. 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 29.0%, which is higher than Mobile Metro at 27.9%.

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Relative ZHVI
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Mobile Market Overview

Data through Jun 30, 2014
  • $97,200 ZHVI
  • 2.7% 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

    (Jun 30, 2015)
  • $141,000 Median listing price
  • $125,270 Median sale price
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Mobile Market Health

Data through Jun 30, 2014
  • 0.6/10 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 of days on Zillow
  • 29.0% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.3% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

15.3 homes Mobile
13.9 homes Mobile Metro
4.3 homes United States
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Neighborhoods in Mobile

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Overton $215,200 Second Creek $183,800 Thornhill $177,300
Sheldon $140,100 Berkleigh $138,600 Westhill $137,200
Claremont $133,200 Reichlieu $130,700 Malibar Heights $98,100

Listings & Sales

Data through Jun 30, 2014
  • $83 Median list price / sq ft
  • $75 Median sale price / sq ft
  • 29.3% Listings with price cut
34.3%
Sold below listing
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Mobile Rentals

Data through Jun 30, 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
$885 Mobile
$877 Mobile Metro
$1,310 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)
  • $750 Rent list price
  • $0.67 Rent list price / sq ft
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