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Mobile, AL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,266
Monthly Cash Flow
$78
Principal + Equity
$1,082
Annual Total Gain
$13,919
Cash on Cash
1.93%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$153
Occupancy Rate
50%
Monthly Revenue
$1,694
Monthly Cash Flow
$252
Principal + Equity
$1,082
Annual Total Gain
$16,008
Cash on Cash %
6.21%
Net ROI %
Market Health & Growth
Median Income
$51,090
Population
185,097
LTR Renter %
48.64%
Forecast (1 yr)
0.41%
Appreciation (1 yr)
-1.4%
Appreciation (5 yr)
33.78%
Appreciation (10 yr)
74.52%
Job Growth
2.09%
LTR Rentability
Moderate
STR Demand
44
STR Rentals
668
Top Public Schools
AAlabama School of Mathematics and Science
BEichold-Mertz Magnet School of Math Science & Technology
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#141out of 229 markets
Best Cities to Retire in America
#106out of 229 markets
Cities with the Lowest Cost of Living in America
#28out of 229 markets
C
Public School
D
Crime And Safety
C
Housing
B
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Mobile, AL.
In Mobile, AL, short term rentals are regulated by the city's Zoning Ordinance and the Business License Code. Here are some key regulations that an investor should be aware of before purchasing a property for short term rental:
1. Zoning Restrictions: Mobile has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should check the city's Zoning Ordinance to ensure that the property they are interested in is located in a zone that permits short term rentals.
2. Business License Requirement: In Mobile, short term rental hosts are required to obtain a business license from the city. This license must be renewed annually and there are fees associated with obtaining it.
3. Occupancy Limits: Mobile has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them.
4. Safety and Health Regulations: Short term rental properties in Mobile must meet certain safety and health regulations, such as having working smoke detectors, fire extinguishers, and meeting building code requirements. Investors should ensure that their property meets these standards before renting it out.
5. Taxation: Short term rental hosts in Mobile are required to collect and remit lodging taxes to the city. Investors should be aware of these tax obligations and ensure that they are in compliance with the city's tax regulations.
6. Noise and Nuisance Regulations: Mobile has noise and nuisance regulations that apply to short term rentals. Investors should be aware of these regulations and ensure that their guests comply with them to avoid potential fines or penalties.
Overall, investors looking to purchase a property for short term rental in Mobile, AL should thoroughly research and understand the city's regulations and requirements to ensure a successful and compliant investment.
Market Trends Over Time
Explore 25 years of market data for Mobile, AL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Mobile, AL.
The LTR Genie Score of Mobile, AL is 61, indicating a moderate level of rentability for long-term rental properties. This score takes into account factors such as rent growth rate and net ROI, which are both positive at 0.057% and 28.52% respectively. On the other hand, the STR Genie Score is 52, suggesting a slightly lower level of profitability for short-term rental properties. Despite this, the STR Net ROI is higher at 32.8% compared to LTR Net ROI. The 1-Year Price Appreciation Forecast is also positive at 0.41%.
Mobile, AL is a city with a growing real estate market and a diverse economy. It is known for its historic architecture, vibrant arts scene, and proximity to the Gulf Coast. The city has a mix of urban and suburban neighborhoods, offering a variety of investment opportunities for real estate investors.
Based on the metrics provided, Mobile, AL appears to be a more attractive market for long-term rental investment due to the higher LTR Genie Score and net ROI. However, investors may also consider diversifying their portfolio with some short-term rental properties to take advantage of the higher STR Net ROI. Ultimately, a combination of both long-term and short-term rental investments could be a strategic approach in this market.
LTR Genie Score 93
$255,000
🛏 4 Beds🛁 3.0000 Baths🏙 2,584 sqft.🏠 SINGLE FAMILY
