Real Estate Investing in Mobile, Alabama (36605)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36605 (Mobile, AL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.6% of homes vacant — above national norms.
- Elevated poverty: 25.3% poverty rate — can affect rent collection.
What’s happening in Mobile, AL (36605)?
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Market Analysis: 36605 Mobile
Investors scanning Mobile, AL for forced-equity plays often land on the 36605 ZIP. A a credible choice for entry near $94K pairs with rents of $1,208/mo to widen the renovation window.
The a credible choice for angle here is forced equity, not market equity. ZIP 36605 rewards investors who can execute on scope, timeline, and tenant turnover.
Across AL, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 36605 shows both traits clearly.
Put differently, incomes in 36605 sit below the county median, the tenant pool is deep and the demand for upgraded rental stock consistently outruns supply.
The strategy in 36605 is forced equity, not market equity. In practical terms, entry prices are accommodating at $94K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Mobile:
Property Strategy for 36605
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $68,060 | $1,100 | 11.6% | +6.0% | $34,030 |
| 3BR | $97,221 | $1,440 | 10.7% | +5.9% | $32,407 |
| 4BR | $125,855 | $1,470 | 8.4% | +5.2% | $31,464 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 36605 Compare?
| Metric | 36605 | Mobile | Mobile, AL | Alabama |
|---|---|---|---|---|
| Home Value | $93,852 | $85,187 | N/A | $231,003 |
| 5-Year CAGR | 4.0% | 3.2% | N/A | 5.6% |
| Avg Rent | $1,208 | $1,283 | N/A | - |
| Cap Rate | 10.0% | 6.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36605 (Mobile, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $93,852 |
| Monthly Rent | $1,208 |
| Price-to-Rent | 6.5:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 15.5% |
| Cap Rate | 10.0% |
| 5-Year IRR | 14.1% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (10.0%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 36605
Population: 25,628
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 36605
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,763 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Can investors hit the 1% rule in Mobile, AL?
The median property in Mobile, AL ($94K at $1,208/mo rent) a 1.29% rent-to-price figure. Pure 1% deals require disciplined offer pricing.
Is Mobile, AL good for house hacking?
Mobile, AL offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,208/mo rent level.
What type of investing works in Mobile, AL?
Most investors in Mobile, AL run a value-add and BRRRR deals strategy. It aligns with the 5.0/5 investability profile and the market fundamentals.
Can BRRRR investors find deals in Mobile, AL?
BRRRR in Mobile, AL is a strong. The interplay of $94K values and $1,208/mo rents creates reasonable refinance conditions.
What is the average home sale price in Mobile, AL?
Mobile, AL median home values land near $94K. That is reasonable territory for investors looking at $1,208/mo-per-month rentals.
You know 36605 now. You don’t know where it ranks.
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How 36605 ranks in Mobile, AL
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