What is the median home value in ZIP 36604 in Mobile County, AL?

The median home value in ZIP 36604 in Mobile County, AL is $193,296, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 36604?

The rent-to-income ratio in ZIP 36604 is 21.1%, based on HUD Fair Market Rent divided by Census median household income. This is within the affordable range (under 30% of household income).

Mobile, AL · Alabama

Mobile County

ZIP 36604

413,162 residents1,058 permits TTM$58,119 median HHI38 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$176,600

ACS 5-Year

Cap rate proxy

7.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

21.1%

HUD FMR ÷ ACS HHI

Net migration

+0.71%

IRS SOI

Permits (TTM)

1,058

Census BPS

Climate risk

98.0

FEMA NRI (0–100)

ZIP 36604

Median home value

$193,296

Gross yield

5.9%

Cap rate

6.3%

Rent gap

-7.5%

Affordability

P/I: 3.3R/I: 21.1%

Section 8 detail

SAFMR: $950Rent: $1,021Gap: -7.0%

ZIP code breakdown38 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
36617	$54,347	$1,140	25.2%	22.5%	10.4%
36613	$144,255	$1,230	10.2%	8.5%	17.0%
36610	$33,707	$900	32.0%	36.3%	-13.4%
36611	$106,217	$1,040	11.7%	11.5%	1.8%
36607	$112,740	$1,050	11.2%	10.9%	2.8%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$59,634	$900	18.1%	20.5%	-13.4%
$62,523	$900	17.3%	19.6%	-13.4%
$85,599	$1,100	15.4%	17.0%	-10.3%
$90,525	$900	11.9%	13.5%	-13.4%
$96,130	$1,000	12.5%	12.7%	-2.1%
$136,841	$1,020	8.9%	10.6%	-18.4%
$171,198	$1,190	8.3%	10.5%	-26.1%
$148,256	$1,120	9.1%	8.3%	8.8%
$220,543	$1,140	6.2%	7.7%	-24.8%
$164,747	$900	6.6%	7.4%	-13.4%
$176,600county est.	$1,240	8.4%	6.9%	17.7%
$176,600county est.	$1,180	8.0%	6.9%	13.5%
$176,600county est.	$1,080	7.3%	6.9%	5.5%
$176,600county est.	$1,040	7.1%	6.9%	1.8%
$176,600county est.	$1,000	6.8%	6.9%	-2.1%
$176,600county est.	$980	6.7%	6.9%	-4.2%
$182,501	$900	5.9%	6.7%	-13.4%
$236,738	$1,240	6.3%	6.6%	-5.5%
$319,701	$1,020	3.8%	6.6%	-71.9%
$274,133	$1,270	5.6%	6.5%	-16.9%
$233,946	$1,080	5.5%	6.4%	-15.9%
$199,703	$1,090	6.5%	6.3%	3.1%
$193,296	$950	5.9%	6.3%	-7.5%
$196,029	$990	6.1%	6.3%	-3.1%
$200,248	$960	5.8%	6.1%	-6.3%
$203,765	$1,440	8.5%	6.0%	29.1%
$209,024	$1,020	5.9%	5.9%	-0.1%
$209,491	$940	5.4%	5.8%	-8.6%
$210,191	$1,130	6.5%	5.8%	9.7%
$212,718	$1,080	6.1%	5.8%	5.5%
$235,043	$1,330	6.8%	5.2%	23.2%
$238,825	$1,150	5.8%	5.1%	11.2%
$455,954	$1,480	3.9%	2.7%	31.0%

Demographics

Owner-occupied

64.9%

Census ACS

Vacancy rate

13.4%

Census ACS

Bachelor's degree +

25.2%

Census ACS

Rent burdened

47.8%

Census ACS (>30% income)

Median age

38.4

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Mobile County

See all 38 ZIPs ranked by yield and cap rate