Market Overview
Home Prices in Theodore, AL
The median home value in Theodore, AL is $204,851 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Theodore are priced50% below average. Theodore is part of the Mobile, AL metro area.
Over the past five years, Theodore home values have risen by approximately22.6%, reflecting strong long-term appreciation in this market.
Price History
Theodore Home Price Trend
City Comparison
Theodore vs. National Median
At $204,851, homes in Theodore cost 50% below the national median of $410,000. This makes Theodore a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Theodore?
20% Down Payment
$40,970
on $204,851
Monthly P&I
$1,068/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,356/mo
incl. taxes & insurance
Income Needed
$54,240
gross annual (30% rule)
10% Down Option
$20,485
+ PMI applies
Loan Amount (20% dn)
$163,881
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 Theodore, AL?
The median home value in Theodore is $204,851 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Theodore?
Over the past year, home values in Theodore have increased by 0.3%. Over five years, prices have risen approximately 22.6%.
How much do I need to earn to buy a home in Theodore?
To comfortably afford the median home price of $204,851 with a 20% down payment ($40,970) at today's rates (6.8%), you'd need a gross annual income of approximately $54,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Theodore compare to the national average home price?
The national median home value is approximately $410,000. At $204,851, homes in Theodore are 50% below the national average.
What metro area is Theodore part of?
Theodore is part of the Mobile, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.