Real Estate Investing in Mobile, Alabama (36607)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 36607 (Mobile, AL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.5% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.2% CAGR).
What’s happening in Mobile, AL (36607)?
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Market Analysis: 36607 Mobile
ZIP 36607 offers what many appreciation markets cannot: an affordable basis at $118K and rent support of $1,673/mo for rehab-driven equity creation in Mobile County.
Investors in 36607 do not buy the market average — they buy the unit they can improve. $118K median pricing and $1,673/mo comps define the envelope within which the work has to pay.
Across AL, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 36607 posts both traits clearly.
A renter-heavy, wage-earner demographic anchors 36607. Value-add players rely on that mix — the 44% share is both the tenant source and the buyer pool for future owner-occupied exits.
Value-add plays pencil in 36607 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Mobile:
Property Strategy for 36607
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $95,588 | $1,050 | 7.9% | +7.2% | $47,794 |
| 3BR | $135,583 | $1,370 | 7.3% | +3.4% | $45,194 |
| 4BR | $318,823 | $1,400 | 3.2% | +5.2% | $79,706 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 36607 Compare?
| Metric | 36607 | Mobile | Mobile, AL | Alabama |
|---|---|---|---|---|
| Home Value | $117,586 | $85,187 | N/A | $231,003 |
| 5-Year CAGR | 1.2% | 3.2% | N/A | 5.6% |
| Avg Rent | $1,673 | $1,283 | N/A | - |
| Cap Rate | 11.1% | 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 36607 (Mobile, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $117,586 |
| Monthly Rent | $1,673 |
| Price-to-Rent | 5.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 17.1% |
| Cap Rate | 11.1% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | -1.5% ▼ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +1.2% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (11.1%) 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 36607
Population: 5,529
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 36607
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
The Pathway
John L Leflore Magnet School
Booker T Washington Middle School
Holloway Elementary
ChastangFournier Middle School
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
What is the best play in Mobile, AL?
Investors who focus on value-add and BRRRR deals typically do well in Mobile, AL. The numbers - $118K homes against $1,673/mo rents - support that play.
What does house hacking look like in Mobile, AL?
House hacking works an attractive in Mobile, AL. Rents of $1,673/mo against $118K acquisition make the strategy solid for owner-occupants.
How does Mobile, AL stack up for property investment?
With a 4.0/5 investability score, Mobile, AL ranks as a solid market for rental property investors. Median prices of $118K and rents of $1,673/mo drive the underlying numbers.
Is Mobile, AL a 1% rule market?
The median property in Mobile, AL ($118K at $1,673/mo rent) a 1.42% rent-to-price figure. Pure 1% deals require disciplined offer pricing.
What do rentals go for in Mobile, AL?
Mobile, AL rentals go for roughly $1,673/mo a month. That puts gross yield in solid territory relative to $118K acquisition costs.
You know 36607 now. You don’t know where it ranks.
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How 36607 ranks in Mobile, AL
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