Compare with
A cash-flow-lean market. Rents carry the return here rather than price growth.
What would change this read: price growth (median +54.6% YoY) outrunning rents would pull rent-to-price back under 0.8%/mo and weaken the cash-flow case. inventory, −8.8% YoY, is the number to watch.
The median listing price is up 54.6% YoY while the median home got down 4.4% bigger, so value per square foot is up 37.9%.
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 $140K purchase rents for $1,200/mo: 0.86% of price per month against the 1% rule's 1.00%.
Not shown: 1 BR (rent only, no matching sale price).
Sales here take about 3 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 36617 itself, not its parent county.
Renters hold 49.6% of this ZIP's 4,655 occupied households, on a median household income of $41K.
| Measure | ZIP 36617 | Mobile County | Difference |
|---|---|---|---|
| Median Household Income | $41K | $59K | -$18K |
| Below Poverty Level | 22.7% | 16.2% | +6.5% |
| Median Age | 47.70 | 38.50 | +9.20 |
| Total Population | 11,128 | 412,590 | -- |
| Avg Household Size | 2.35 | 2.50 | -0.15 |
| Owner-Occupied | 50.4% | 66.0% | -15.7% |
| Worked From Home | 9.7% | 8.3% | +1.4% |
| Mean Commute | 21.20 | 26.10 | -4.90 |
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.