Market Overview
Home Prices in Mobile, AL
The median home value in Mobile, AL is $199,106 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.1% compared to a year ago and down 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mobile are priced51% below average. Mobile is part of the Mobile, AL metro area.
Over the past five years, Mobile home values have risen by approximately21.7%, reflecting strong long-term appreciation in this market.
Price History
Mobile Home Price Trend
City Comparison
Mobile vs. National Median
At $199,106, homes in Mobile cost 51% below the national median of $410,000. This makes Mobile a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mobile?
20% Down Payment
$39,821
on $199,106
Monthly P&I
$1,038/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,318/mo
incl. taxes & insurance
Income Needed
$52,720
gross annual (30% rule)
10% Down Option
$19,911
+ PMI applies
Loan Amount (20% dn)
$159,285
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 Mobile, AL?
The median home value in Mobile is $199,106 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.1% year-over-year.
How much have home prices changed in Mobile?
Over the past year, home values in Mobile have decreased by 1.1%. Over five years, prices have risen approximately 21.7%.
How much do I need to earn to buy a home in Mobile?
To comfortably afford the median home price of $199,106 with a 20% down payment ($39,821) at today's rates (6.8%), you'd need a gross annual income of approximately $52,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Mobile compare to the national average home price?
The national median home value is approximately $410,000. At $199,106, homes in Mobile are 51% below the national average.
What metro area is Mobile part of?
Mobile is part of the Mobile, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.