dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −19.1% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −53.6% YoY, is the number to watch.
The median listing price is down 19.1% YoY while the median home got down 23.6% bigger, so value per square foot is up 11.2%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $315K purchase rents for $1,595/mo: 0.51% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 3 BR (sale only, no matching rent).
Sales here take about 91 days longer to go under contract than rentals (median across 2 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Townhouse (sold here, not rented).
U.S. Census ACS characteristics for ZIP 36602 itself, not its parent county.
Renters hold 74.7% of this ZIP's 683 occupied households, on a median household income of $41K.
| Measure | ZIP 36602 | Mobile County | Difference |
|---|---|---|---|
| Median Household Income | $41K | $59K | -$17K |
| Below Poverty Level | 27.6% | 16.2% | +11.4% |
| Median Age | 57.20 | 38.50 | +18.70 |
| Total Population | 1,043 | 412,590 | -- |
| Avg Household Size | 1.44 | 2.50 | -1.06 |
| Owner-Occupied | 25.3% | 66.0% | -40.7% |
| Worked From Home | 12.5% | 8.3% | +4.2% |
| Mean Commute | 21.30 | 26.10 | -4.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.1% to 412,590: residents under 18 are down 0.7% and those 65 and over are up 2.1%.
County median household income is $59K, 16.2% of residents are below the poverty level, 8.3% work from home.