Real Estate Investing in Mobile, Alabama (36606)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36606 (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.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
What’s happening in Mobile, AL (36606)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 36606 Mobile
The 36606 ZIP in Mobile, AL is a local-operator market. Outside capital chasing a $144K entry has to pair deep knowledge with the discount.
For an experienced owner, 36606 can be a a solid fit for hunting ground — but the discount at $144K reflects genuine risk that outside investors often underestimate.
Stepping back, 36606 offers a low basis, the region around Mobile has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 36606 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 36606 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Mobile:
Property Strategy for 36606
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,647 | $1,020 | 6.1% | +5.9% | $60,323 |
| 3BR | $153,925 | $1,330 | 6.2% | +5.5% | $51,308 |
| 4BR | $213,896 | $1,360 | 4.6% | +6.3% | $53,474 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 36606 Compare?
| Metric | 36606 | Mobile | Mobile, AL | Alabama |
|---|---|---|---|---|
| Home Value | $144,076 | $85,187 | N/A | $231,003 |
| 5-Year CAGR | 2.3% | 3.2% | N/A | 5.6% |
| Avg Rent | $1,243 | $1,283 | N/A | - |
| Cap Rate | 6.7% | 6.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 36606 (Mobile, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $144,076 |
| Monthly Rent | $1,243 |
| Price-to-Rent | 9.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.4% |
| Cap Rate | 6.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +7.7% ▲ |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.7%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 36606
Population: 19,189
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 36606
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Phillips Preparatory Middle School
Old Shell Road Magnet School
Leinkauf Elementary School
UCP Of Mobile Inc
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
Is real estate in Mobile, AL a good investment right now?
Investors tracking Mobile, AL will find a 3.0/5 rating supported by $144K median home values and $1,243/mo rents. That profile suits long-term holders targeting stable returns.
What investment strategy works best in Mobile, AL?
Investors usually favor careful cash-flow rentals with hands-on management in Mobile, AL. With home values at $144K and rents near $1,243/mo, other strategies can work but produce measured rather than outsized returns.
Are there empty rentals in Mobile, AL?
Vacancy risk in Mobile, AL is elevated. That supports consistent cash flow for typical rental holds.
What are home prices like in Mobile, AL?
Homes in Mobile, AL typically sell near $144K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What monthly rent should investors expect in Mobile, AL?
Rents in Mobile, AL run near $1,243/mo. Compared with median home prices of $144K that produces solid gross yields for typical rentals.
You know 36606 now. You don’t know where it ranks.
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How 36606 ranks in Mobile, AL
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