The story of this market
The typical home in ZIP 36602 sells for about $276,000, or $134 per square foot.
Prices are down 47.4% from a year ago, which gives buyers more room to negotiate. Homes take about 67 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $730 a month.
ZIP 36602 — Mobile
The 36602 housing market is experiencing significant volatility with a sharp year-over-year decline in median prices. Low inventory and a high renter-to-owner ratio suggest a market primarily driven by urban investment and transient demand rather than traditional family homeownership. Buyers remain cautious as the market adjusts to broader economic shifts in the Mobile area.
This ZIP is best suited for urban professionals, investors, and those seeking proximity to downtown Mobile's employment and entertainment hubs.
Median prices moved down 47.4% year over year.
Homes spend a median of 67 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.5% · poverty 27.6% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 36602, Mobile County AL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is subject to coastal wind and flood risks typical of the Gulf Coast region.
The area is characterized by its proximity to the North Industrial Area and downtown Mobile's economic core.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala. Code § 40-8-1 and the Alabama Constitution. County (Mobile County, Alabama) — Ad Valorem Property Tax: Tax is calculated by multiplying the appraised market value by the assessment ratio (Class I: 30%, Class II: 20%, Class III: 10%) to determine assessed value, then applying the total millage rate (base county/state/school rate of 48.5 mills plus applicable municipal millage).
Located in the heart of downtown Mobile, this ZIP offers high accessibility to local employment centers via major surface streets and proximity to I-10.
The area features proximity to downtown Mobile's cultural amenities, including museums, historic districts, and waterfront parks along the Mobile River.
The rental market is primarily driven by urban professionals and transient workers, with limited inventory and moderate vacancy pressure.
The economy is anchored by the Port of Mobile, industrial manufacturing, and downtown professional services.
The area is served by major highway corridors including I-10 and I-65, providing regional connectivity.
Development is focused on downtown revitalization and industrial expansion near the port.
Mobile County Revenue Commissioner manages property assessments and tax collections.
Parcels are subject to Mobile County and City of Mobile municipal tax and service districts.
Property insurance premiums are influenced by high-risk coastal wind and flood exposure.
Alabama is a non-judicial foreclosure state.
Alabama is a caveat emptor (buyer beware) state regarding residential real estate disclosures.
Data retrieved from data.census.gov ZCTA 36602 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Surge Entertainment4.35.4 mi
- Urban Air Trampoline and Adventure Park4.38.8 mi
- Get Air Trampoline Park4.211.5 mi
- Chuck E. Cheese3.96.7 mi
- Altitude Trampoline Park4.35.8 mi
- Topgolf Mobile4.16 mi
- Mobile Convention Center4.51 mi
- The Mitchell Center4.68.4 mi
- Golden Corral Buffet & Grill4.111.2 mi
- Saenger Theatre Mobile4.71.1 mi
- USS ALABAMA Battleship Memorial Park4.82.2 mi
- Dave & Buster's Mobile3.96 mi
- Meaher State Park4.66.5 mi
- AMC Mobile 164.111.1 mi
- Medal of Honor Park4.69.4 mi
- USS ALABAMA Battleship Memorial Park4.82.2 mi
- Exploreum Science Center & PCI Digital Dome Theater4.41.1 mi
- National Maritime Museum of the Gulf4.71.2 mi
- History Museum of Mobile4.71.1 mi
- Mobile Museum of Art4.76.9 mi
- USS ALABAMA Battleship Memorial Park4.82.2 mi
- Meaher State Park4.66.5 mi
- Medal of Honor Park4.69.4 mi
- Historic Blakeley State Park4.68.5 mi
- Chickasabogue Park - A Mobile County Park4.56.5 mi
- The Pelican Reef Restaurant4.218.6 mi
- River Delta Marina & Campground - A Mobile County Park4.414.3 mi
- Mobile Yacht Club4.69.9 mi
- Dog River Marina & Boat Works Inc4.410 mi
- Buccaneer Yacht Club4.58.8 mi
- Topgolf Mobile4.16 mi
- Magnolia Grove Golf Course4.510.2 mi
- TimberCreek Golf Club3.911.1 mi
- Rock Creek Golf Club4.312.8 mi
- Azalea City Golf Course4.37.7 mi
- Shoppes at Bel Air4.15.4 mi
- Publix Super Market at Midtown Center4.63.7 mi
- Mobile Flea Market4.211.2 mi
- Publix Super Market at Sunset Point4.67.9 mi
- Publix Super Market at Hillwood Shopping Center4.610.1 mi
- Mobile Regional Airport4.212.3 mi
- Mobile Regional Airport4.512.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central hub for downtown recreation and events.
Features numerous museums, dining, and entertainment venues.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.