36693, Mobile, AL

Mobile, Alabama is a city located in the southeastern region of the United States. The city has a population of approximately 251,000 and is the county seat of Mobile County. The 36693 zip code covers much of the eastern side of Mobile and includes neighborhoods such as Brookside, Eastover Hills, Fairhope Heights, and Riverchase.

The median home value in Mobile was $127,200 in 2016 according to Zillow. This was up from $124,500 in 2015 and $118,700 in 2014. Over the past five years (2013-2016), home values have increased by an average of 7%. In comparison, home values nationwide increased by an average of 3%.

There are many factors that contribute to home equity and home prices. Some key factors include: population growth (more people means more demand for housing), interest rates (which affect borrowing costs), local economic conditions (which can affect prices if they are indicators of future prosperity or decline), and market saturation (when there is too much supply or demand for a particular type or style of housing).

Overall, Mobile continues to be one of the most desirable cities to live in within the southeastern region of the United States. Home values continue to increase year after year while interest rates remain relatively low – making it an ideal place to invest your money into property ownership.