Compare with
A cash-flow-lean market. Rents carry the return here rather than price growth.
What would change this read: price growth (median −17.5% YoY) outrunning rents would pull rent-to-price back under 0.8%/mo and weaken the cash-flow case. inventory, −2.1% YoY, is the number to watch.
The median listing price is down 17.5% YoY while the median home got down 7.9% bigger, so value per square foot is down 8.9%.
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 $127K purchase rents for $1,200/mo: 0.94% of price per month against the 1% rule's 1.00%.
Not shown: Studio (sale only, no matching rent), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent).
Sales here take about 9 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Townhouse (rented here, not sold).
U.S. Census ACS characteristics for ZIP 36605 itself, not its parent county.
Renters hold 46.3% of this ZIP's 9,538 occupied households, on a median household income of $44K.
| Measure | ZIP 36605 | Mobile County | Difference |
|---|---|---|---|
| Median Household Income | $44K | $59K | -$15K |
| Below Poverty Level | 32.4% | 16.2% | +16.2% |
| Median Age | 37.50 | 38.50 | -1.00 |
| Total Population | 25,104 | 412,590 | -- |
| Avg Household Size | 2.62 | 2.50 | +0.12 |
| Owner-Occupied | 53.7% | 66.0% | -12.3% |
| Worked From Home | 6.4% | 8.3% | -1.9% |
| Mean Commute | 20.80 | 26.10 | -5.30 |
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.