Mortgage payment estimates, closing cost breakdowns, and homebuying data for Mobile, Alabama.
Pre-filled with Mobile median home price and Alabama tax/insurance rates. Adjust for your property.
Estimated closing costs based on Alabama rates and fees applied to Mobile prices.
The median home price in Mobile is $185,000, 20% below the Alabama state median of $230,000. With a population of 187,041, Mobile is a mid-size city where home prices tend to be more accessible than in many parts of Alabama.
Property taxes in Alabama average 0.41% annually. This low property tax rate is a significant advantage for Mobile buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Alabama runs approximately $1,950 per year. This is within the normal range nationally.
Average rent in Mobile is $1,080/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Mobile over the long term.
Mobile offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Alabama's Alabama Housing Finance Authority Step Up program.