Home Values

Mobile Metro 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

$99,000

  • 2.4% 1-year change
  • 3.0% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Mobile Metro is $99,000. Mobile Metro home values have gone up 2.4% 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 Metro is None. The median rent price in Mobile Metro is $800, which is lower than the Alabama median of $850.

Foreclosures will be a factor impacting home values in the next several years. In Mobile Metro 11.9 homes are foreclosed (per 10,000). This is greater than the Alabama value of 4.6 and also greater than the national value of 3.9

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 Metro is 4.8%, 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 Metro homeowners underwater on their mortgage is 24.9%, which is higher than Alabama at 20.0%.

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Relative ZHVI
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Mobile Metro Market Overview

Data through Apr 30, 2015
  • $99,000 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
    (Apr 30, 2016)
  • No data Median listing price
  • $123,361 Median sale price
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Mobile Metro Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • 131 Average days on Zillow (Mar 31, 2015)
  • 24.9% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

11.9 homes Mobile Metro
4.6 homes Alabama
3.9 homes United States
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Cities in Mobile Metro

Name Median ZHVI
Semmes $113,900
Saraland $107,000
Wilmer $104,100
Name Median ZHVI
Grand Bay $102,900
Theodore $94,700
Mobile $93,300
Name Median ZHVI
Irvington $87,900
Citronelle $87,600
Prichard $40,400

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $74 Median sale price / sq ft
  • No data Listings with price cut
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Mobile Metro Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $905 Mobile Metro
    $996 Alabama
    $1,364 United States

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

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $800 Rent list price
  • $0.67 Rent list price / sq ft
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