Mobile, AL home prices
Typical home $194,638 · +0.5% in a year · income needed $52,300
The Mobile, AL metro area ranks 659 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.5% in a year and +17.6% over five years. With 20% down at 7.11%, the typical home costs about $1,220 a month including 0.47% property tax (Mobile County rate).
Mortgage on the typical Mobile home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $38,928 | $155,711 | $1,047 | $0 | $173 | $1,220 | $52,300 |
| 10% down | $19,464 | $175,175 | $1,178 | $73 | $173 | $1,424 | $61,000 |
| 5% down | $9,732 | $184,906 | $1,244 | $77 | $173 | $1,494 | $64,000 |
| 3.5% down (FHA) | $6,812 | $191,113 | $1,286 | $86 | $173 | $1,545 | $66,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.47% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Mobile area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Mobile County, AL | $195,684 | +0.4% | 0.47% |
| Washington County, AL | $163,494 | +0.8% | 0.23% |
What can you afford in Alabama on your salary? · Alabama home prices · Salaries in Alabama
Frequently asked questions
How much is a house in Mobile?
The typical home in the Mobile, AL metro area is worth $194,638 (Zillow, September 2026).
What salary do you need to buy a house in Mobile?
About $52,300 a year for the typical home with 20% down at 7.11%.