Market Overview
Home Prices in Eight Mile, AL
The median home value in Eight Mile, AL is $165,759 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1% compared to a year ago and down 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Eight Mile are priced60% below average. Eight Mile is part of the Mobile, AL metro area.
Over the past five years, Eight Mile home values have risen by approximately20.1%, reflecting strong long-term appreciation in this market.
Price History
Eight Mile Home Price Trend
City Comparison
Eight Mile vs. National Median
At $165,759, homes in Eight Mile cost 60% below the national median of $410,000. This makes Eight Mile a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Eight Mile?
20% Down Payment
$33,152
on $165,759
Monthly P&I
$864/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,097/mo
incl. taxes & insurance
Income Needed
$43,880
gross annual (30% rule)
10% Down Option
$16,576
+ PMI applies
Loan Amount (20% dn)
$132,607
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Eight Mile, AL?
The median home value in Eight Mile is $165,759 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1% year-over-year.
How much have home prices changed in Eight Mile?
Over the past year, home values in Eight Mile have decreased by 1%. Over five years, prices have risen approximately 20.1%.
How much do I need to earn to buy a home in Eight Mile?
To comfortably afford the median home price of $165,759 with a 20% down payment ($33,152) at today's rates (6.8%), you'd need a gross annual income of approximately $43,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Eight Mile compare to the national average home price?
The national median home value is approximately $410,000. At $165,759, homes in Eight Mile are 60% below the national average.
What metro area is Eight Mile part of?
Eight Mile is part of the Mobile, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.