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.
|Apartment Size||Sep||vs Last Month|
|1 bed apartments||$32,500||N/A|
|2 bed apartments||$194,710||+79%|
|3 bed apartments||$176,152||-9.7%|
|4+ bed apartments||$192,447||-31.6%|
During Sep 2021, the average price for an apartment in/near Mobile, AL decreased by 13.4% to $181,895.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $32,500 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $194,710. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $176,152. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $192,447 for a big-family home.
|Listing Type||Sep||vs Last Month|
|Houses for sale||$205,012||-4.9%|
|Duplexes for sale||$139,700||N/A|
|Apartments for sale||$87,573||-26.3%|
|Townhouses for sale||$169,900||N/A|
While assessing the property pricing Mobile, AL, you can note that it remains flat with a price tag of $87,573. According to statistics, average house is still $205,012 with no significant changes this month. An average value of duplex is $139,700, thus a median price for a duplex remains the same this month. Value of the townhouses didn’t change, the price still starts at $169,900.
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