Compare with
A cash-flow-lean market. Rents carry the return here rather than price growth.
What would change this read: price growth (median −9.1% YoY) outrunning rents would pull rent-to-price back under 0.8%/mo and weaken the cash-flow case. inventory, −17.3% YoY, is the number to watch.
The median listing price is down 9.1% YoY while the median home got down 6.7% bigger, so value per square foot is up 1.1%.
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 $124K purchase rents for $995/mo: 0.80% of price per month against the 1% rule's 1.00%.
Not shown: 5 BR (sale only, no matching rent).
Sales here take about 31 days longer to go under contract than rentals.
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 36611 itself, not its parent county.
Renters hold 47.5% of this ZIP's 2,305 occupied households, on a median household income of $47K.
| Measure | ZIP 36611 | Mobile County | Difference |
|---|---|---|---|
| Median Household Income | $47K | $59K | -$12K |
| Below Poverty Level | 28.0% | 16.2% | +11.8% |
| Median Age | 32.60 | 38.50 | -5.90 |
| Total Population | 6,332 | 412,590 | -- |
| Avg Household Size | 2.74 | 2.50 | +0.24 |
| Owner-Occupied | 52.5% | 66.0% | -13.5% |
| Worked From Home | 5.1% | 8.3% | -3.2% |
| Mean Commute | 21.70 | 26.10 | -4.40 |
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.