36617, Mobile, AL

The 36617 zip code of Mobile, AL has a median home value of $128,000. This is significantly lower than the national median home value of $217,500. In addition, the 36617 zip code has a low rate of homeownership at just 54%. This is likely due to the high rate of unemployment in Mobile and Alabama as a whole.

Despite these challenges, there are some homeowners in the 36617 zip code who have benefited from rising home prices. For example, one homeowner purchased their home in 2006 for just $27,000 and now it is worth over $130,000. Similarly, another homeowner purchased their home in 2009 for just $25,000 and now it is worth over $135,000. These are two examples of homeowners who have seen their home values increase significantly due to market conditions and hard work.

However, not all homeowners in the 36617 zip code have been able to benefit from rising prices. For example, one homeowner purchased their home in 2007 for just $27,000 but now it is worth only $7500 due to declining market conditions. Another homeowner purchased their home in 2010 for just $25k but now it is worth only $6500 due to falling market conditions. These are two examples of homeowners who have seen their home values decline significantly due to market conditions.