Cities with the fastest growing home prices in Mobile metro area
Published 12:13 pm Tuesday, August 23, 2022
Volodymyr Kyrylyuk // Shutterstock
Cities with the fastest growing home prices in Mobile metro area
It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
Stacker compiled a list of cities with the fastest-growing home prices in Mobile, AL metro area using data from Zillow. Cities are ranked by 1-year price change as of July 2022. The typical home value in the United States increased over the last year by +19.8% to $354,165. All 19 cities and towns with data available were included in the list.
You may also like: Cities with the most expensive homes in Mobile metro area
Stacker
#19. Prichard, AL
– 1-year price change: +$7,012 (+17.1%)
– 5-year price change: +$13,391 (+38.7%)
– Typical home value: $47,977 (#19 most expensive city in metro)
Stacker
#18. Bayou La Batre, AL
– 1-year price change: +$10,951 (+17.3%)
– 5-year price change: +$21,048 (+39.6%)
– Typical home value: $74,264 (#18 most expensive city in metro)
Stacker
#17. Chickasaw, AL
– 1-year price change: +$15,669 (+20.4%)
– 5-year price change: +$33,748 (+57.5%)
– Typical home value: $92,481 (#17 most expensive city in metro)
Stacker
#16. Citronelle, AL
– 1-year price change: +$20,093 (+14.4%)
– 5-year price change: +$54,198 (+51.4%)
– Typical home value: $159,577 (#15 most expensive city in metro)
Stacker
#15. Mount Vernon, AL
– 1-year price change: +$20,762 (+22.7%)
– 5-year price change: +$33,275 (+42.2%)
– Typical home value: $112,049 (#16 most expensive city in metro)
You may also like: How Mobile feels about climate change
Stacker
#14. Wilmer, AL
– 1-year price change: +$22,723 (+13.2%)
– 5-year price change: +$67,063 (+52.5%)
– Typical home value: $194,893 (#8 most expensive city in metro)
Stacker
#13. Axis, AL
– 1-year price change: +$23,619 (+14.4%)
– 5-year price change: +$65,440 (+53.7%)
– Typical home value: $187,341 (#9 most expensive city in metro)
Stacker
#12. Saraland, AL
– 1-year price change: +$23,973 (+13.0%)
– 5-year price change: +$72,954 (+53.8%)
– Typical home value: $208,661 (#4 most expensive city in metro)
Stacker
#11. Eight Mile, AL
– 1-year price change: +$24,347 (+16.5%)
– 5-year price change: +$60,467 (+54.4%)
– Typical home value: $171,577 (#13 most expensive city in metro)
Stacker
#10. Mobile, AL
– 1-year price change: +$24,527 (+15.6%)
– 5-year price change: +$65,659 (+56.5%)
– Typical home value: $181,803 (#12 most expensive city in metro)
You may also like: Highest and lowest paying education jobs in Mobile
Stacker
#9. Theodore, AL
– 1-year price change: +$25,806 (+16.3%)
– 5-year price change: +$64,598 (+54.0%)
– Typical home value: $184,142 (#10 most expensive city in metro)
Stacker
#8. Grand Bay, AL
– 1-year price change: +$26,278 (+15.3%)
– 5-year price change: +$70,026 (+54.8%)
– Typical home value: $197,759 (#7 most expensive city in metro)
Stacker
#7. Irvington, AL
– 1-year price change: +$26,343 (+16.9%)
– 5-year price change: +$66,833 (+57.7%)
– Typical home value: $182,581 (#11 most expensive city in metro)
Stacker
#6. Coden, AL
– 1-year price change: +$26,777 (+19.8%)
– 5-year price change: +$61,014 (+60.5%)
– Typical home value: $161,828 (#14 most expensive city in metro)
Stacker
#5. Creola, AL
– 1-year price change: +$26,910 (+15.7%)
– 5-year price change: +$71,379 (+56.2%)
– Typical home value: $198,431 (#6 most expensive city in metro)
You may also like: Highest paying jobs in Mobile for high school graduates
Stacker
#4. Chunchula, AL
– 1-year price change: +$27,377 (+15.5%)
– 5-year price change: +$73,373 (+56.3%)
– Typical home value: $203,584 (#5 most expensive city in metro)
Stacker
#3. Semmes, AL
– 1-year price change: +$29,260 (+15.4%)
– 5-year price change: +$74,316 (+51.3%)
– Typical home value: $219,296 (#3 most expensive city in metro)
Stacker
#2. Satsuma, AL
– 1-year price change: +$29,939 (+15.5%)
– 5-year price change: +$79,319 (+55.0%)
– Typical home value: $223,490 (#2 most expensive city in metro)
Stacker
#1. Dauphin Island, AL
– 1-year price change: +$76,832 (+19.4%)
– 5-year price change: +$199,017 (+72.6%)
– Typical home value: $472,960 (#1 most expensive city in metro)