According to statistics, the population in Mobile, AL amounts to 192,085, which shows decline -1% compared to the previous year. The median age of the city’s residents is 37. The average household income is $40,020, shifting growth 3% from the past year, and the average property value in Mobile, AL growth 1% to $120,800 throughout the year.
|Number Of Employees||81,399|
|Median Property Value||$120,800|
The average household income in Mobile, AL grew from $38,759 to $40,020 in the past year. This data is an estimate based upon 76,097 households in Mobile, AL . The chart below presents how household income is distributed in Mobile, AL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Mobile, AL shifted from $119,500 to $120,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Mobile, AL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Mobile, AL properties falls in the '$100,000 to $124,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Mobile, AL compared to median property taxes around the country. The prevalent amount of property taxes in Mobile, AL equals $800, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Mobile, AL increased by 1% to $236,828.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 10.6% to $277,250. Asking price for 2-bed apartment also decreased by 14.7% and a place of this size will now cost you $150,642. A 3-bed apartment goes for $183,618, it decreased by 14.4% lately. We discerned the rise of 4- and more bed apartment price. It increased by 21.7% and made it up to $434,686.
Price reports demonstrate that house price increased by 1.1% this month making it up to $254,654. Condos faced an upward trend these days. The median price for a condo decreased by 7.6%, it’s now available for $201,528. You can now purchase a duplex for just $65,000, duplex price decreased by 46.9% this month. The price dynamics of lofts changed, it increased by 22.9%, the price tag now starts at $300,467. Value of the townhouses didn’t change, the price still starts at $159,900.