Mobile, Alabama Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mobile, Alabama rental market.
Mobile, Alabama
Average Apartment Rent
$1,136
Y-o-Y Change in Average
Apartment Rent
0%
As of November 2024
Compared to a year ago, Mobile, Alabama apartments have recorded a 0% rent increase.
Mobile, Alabama Average apartment rent trend
Mobile, Alabama Average Apartment Rent
Mobile, Alabama Apartment rent ranges
At 42.22%, apartments priced $1,000 - $1,500 represent the bulk of Mobile, Alabama rentals, while condos priced $500 - $700 hold the lowest share of the market – 3.85%.
Mobile, Alabama Housing tenure**
Renters take up 49% of Mobile, Alabama real estate, occupying a total of 38,420 units, while homeowners live in 39,424 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$32,448
Average household size of renter-occupied housing units**
2.16
Rental vacancy rate**
5%
Mobile, Alabama Renter-occupied housing units by no. of bedrooms**
There are 15,769 rentals in Mobile, Alabama with 2 beds making up the highest share of the market, at 41%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 1,473 units. Overall, the median number of rooms in Mobile, Alabama homes for rent is 4.5.
Mobile, Alabama Renter-occupied units by age of householder**
Most condos for rent in Mobile, Alabama are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Mobile, Alabama Renter-occupied housing units by family type**
Mobile, Alabama Renter-occupied housing units by the presence of own children**
A total of 16,708 apartments for rent in Mobile, Alabama, or 43% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 10,467 units. All in all, the median size of a renter-occupied household in Mobile, Alabama is 2.16.
Mobile, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Mobile, Alabama.
Mobile, Alabama Renter-occupied units by year structure built**
The highest share of Mobile, Alabama apartment rentals, namely 24% or 9,061 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (18%, 7,059 units), and the ones Built 1950 - 1959 (13%, 4,822 units).
Mobile, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Mobile, Alabama renters (41%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mobile, Alabama condos for rent is 2017.
Mobile, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Mobile, Alabama renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 15% have No vehicle available.
Mobile, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Mobile, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
Mobile, Alabama Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mobile, Alabama apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
