Cities with the most expensive homes in Mobile metro area
Published 7:12 pm Wednesday, April 19, 2023
FOTOGRIN // Shutterstock
Cities with the most expensive homes in Mobile metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of April 4, 2023, the 30-year fixed mortgage rate sits at 6.3%. As a result of higher mortgage rates across the board, home prices have risen significantly. The typical home value in the United States increased over the last year by 4.4% to $328,604.
Although home prices have inflated all across the U.S., there are definitely certain areas that have a higher price tag than others. Location, size, age, and condition are all contributing factors to home value. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, it’s good to educate yourself on the market in different cities.
Stacker compiled a list of cities with the most expensive homes in Mobile using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of February 2023. The ZVHI represents a seasonally adjusted price for the middle market for all homes. All 21 cities and towns with data available were included in the list. Charts for each city show the monthly typical home value since January 2018.
You may also like: Highest-rated barbecue restaurants in Mobile
You may also like: Highest-rated Chinese restaurants in Mobile, according to Tripadvisor
Stacker
#21. Prichard, AL
– Typical home value: $32,850
– 1-year price change: +7.6%
– 5-year price change: +41.7%
Stacker
#20. Bayou La Batre, AL
– Typical home value: $57,551
– 1-year price change: +1.6%
– 5-year price change: +48.5%
Stacker
#19. Silas, AL
– Typical home value: $71,746
– 1-year price change: -3.1%
– 5-year price change: +17.6%
Stacker
#18. Mount Vernon, AL
– Typical home value: $81,011
– 1-year price change: +8.6%
– 5-year price change: +41.7%
Stacker
#17. Chickasaw, AL
– Typical home value: $84,878
– 1-year price change: +13.8%
– 5-year price change: +61.2%
You may also like: Highest paying jobs in Mobile that require a graduate degree
You may also like: Cities with the fastest growing home prices in Mobile metro area
Stacker
#16. Millry, AL
– Typical home value: $118,330
– 1-year price change: +0.4%
– 5-year price change: +35.4%
Stacker
#15. Coden, AL
– Typical home value: $136,234
– 1-year price change: +4.4%
– 5-year price change: +57.7%
Stacker
#14. Citronelle, AL
– Typical home value: $143,919
– 1-year price change: +8.0%
– 5-year price change: +54.2%
Stacker
#13. Eight Mile, AL
– Typical home value: $146,612
– 1-year price change: +8.0%
– 5-year price change: +54.4%
Stacker
#12. Irvington, AL
– Typical home value: $164,728
– 1-year price change: +9.2%
– 5-year price change: +60.0%
You may also like: Highest-rated cheap eats in Mobile, according to Tripadvisor
You may also like: Highest-paying jobs in Mobile
Stacker
#11. Mobile, AL
– Typical home value: $168,349
– 1-year price change: +7.5%
– 5-year price change: +55.7%
Stacker
#10. Axis, AL
– Typical home value: $175,300
– 1-year price change: +8.5%
– 5-year price change: +54.8%
Stacker
#9. Theodore, AL
– Typical home value: $176,834
– 1-year price change: +5.6%
– 5-year price change: +54.4%
Stacker
#8. Grand Bay, AL
– Typical home value: $182,524
– 1-year price change: +7.5%
– 5-year price change: +48.4%
Stacker
#7. Creola, AL
– Typical home value: $183,149
– 1-year price change: +7.2%
– 5-year price change: +53.9%
You may also like: Highest-rated steakhouses in Mobile, according to Tripadvisor
You may also like: Highest-rated pizza restaurants in Mobile
Stacker
#6. Wilmer, AL
– Typical home value: $183,923
– 1-year price change: +7.2%
– 5-year price change: +54.0%
Stacker
#5. Chunchula, AL
– Typical home value: $191,586
– 1-year price change: +8.3%
– 5-year price change: +57.5%
Stacker
#4. Saraland, AL
– Typical home value: $203,258
– 1-year price change: +7.0%
– 5-year price change: +51.0%
Stacker
#3. Satsuma, AL
– Typical home value: $211,725
– 1-year price change: +8.0%
– 5-year price change: +51.5%
Stacker
#2. Semmes, AL
– Typical home value: $217,095
– 1-year price change: +7.2%
– 5-year price change: +49.5%
You may also like: Where people in Mobile are moving to most
You may also like: Highest-rated Asian restaurants in Mobile, according to Tripadvisor
Stacker
#1. Dauphin Island, AL
– Typical home value: $442,237
– 1-year price change: +9.5%
– 5-year price change: +81.9%