Department of Numbers

Mobile Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Mobile, AL (the Mobile metro area) was $797 in 2015 according to the Census ACS survey.1 Average gross rent in Mobile was $761 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Mobile median and average rent data will be released in September of 2017.

Data is also available below for Mobile rental vacancy rates, Mobile rent as a percent of median income and the fraction of renters in Mobile.

Show dollars as: Nominal Real

Real Gross Rent in Mobile Alabama (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Alabama Median Gross Rent $729 +2.10% +5.50%
Mobile, AL Median Gross Rent $797 -2.57% +9.63%

Mobile, AL Real Gross Rent Trends

Median gross rent for Mobile peaked in real terms in 2014 at $818 and is now $21 (2.57%) lower. At $761, real average gross rent in Mobile was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Mobile: Mobile AL Median, Mobile AL Average, Alabama Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Mobile

Date US
Median
Alabama
Median
Mobile, AL
Median
Mobile, AL
Average
2015 $959 $729 $797 $761
2014 $930 $714 $818 $735
2013 $898 $689 $755 $725
2012 $886 $691 $727 $690
2011 $887 $699 $753 $730
2010 $901 $703 $732 $680
2009 $905 $706 $769 $725
2008 $920 $704 $759 $697
2007 $874 $666 $714 $656
2006 $883 $663 $729 $689
2005 $858 $630 $660 $629

Mobile Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Mobile Alabama was 14.12% according to Census ACS data.

Rental Vacancy Rate in Mobile Alabama

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Alabama 9.72% -0.65% +1.93%
Mobile, AL 14.12% +1.64% +4.04%

Trends in Mobile, AL Rental Vacancy Rate

At 14.12%, Mobile residential rental vacancy rate in 2015 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Mobile AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Mobile

Date US Alabama Mobile, AL
2015 5.85% 9.72% 14.12%
2014 6.32% 10.37% 12.48%
2013 6.49% 9.17% 13.23%
2012 6.77% 7.79% 10.08%
2011 7.40% 8.30% 9.54%
2010 8.17% 9.64% 12.34%
2009 8.43% 10.33% 9.78%
2008 7.86% 9.73% 7.61%
2007 7.87% 9.25% 10.24%
2006 7.70% 8.72% 8.83%
2005 7.74% 9.21% 9.29%

Rent as a Fraction of Income

Using median household income data for Mobile, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mobile, median monthly gross rent as a fraction of median household income was 22.40% in 2015 according to the ACS.

Mobile Alabama Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Alabama 19.54% -0.55% -0.35%
Mobile, AL 22.40% -0.20% +0.48%

Trends in Mobile, AL Rent as a Fraction of Income

The fraction of median Mobile household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.60%. Since then it has fallen by 0.20% to 22.40%.

Fraction of Income towards Rent: Mobile AL, Alabama, US

Percent of median household income going towards median monthly gross rent in Mobile Alabama

Historical Data for Annual Rent as a Fraction of Income in Mobile Alabama

Date US Alabama Mobile, AL
2015 20.63% 19.54% 22.40%
2014 20.89% 20.09% 22.60%
2013 20.78% 19.44% 21.26%
2012 20.65% 19.89% 21.92%
2011 20.70% 19.91% 20.96%
2010 20.50% 19.78% 20.85%
2009 20.12% 19.47% 21.45%
2008 19.00% 17.75% 19.87%
2007 18.66% 17.78% 20.70%
2006 18.90% 17.73% 19.54%
2005 18.89% 17.41% 18.46%

Renter Fraction in Mobile Alabama

You can calculate the renter fraction in Mobile in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Mobile as a fraction of total Mobile households. In 2015 34.60% of households were renters according to Census ACS data.

Mobile Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Alabama 32.11% -0.21% +0.86%
Mobile, AL 34.60% -0.17% -1.17%

Trends in the Mobile, AL Renter Fraction

The Mobile household renter fraction peaked in in 2012 at 35.77% and is now 1.17% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Mobile AL, Alabama, US

Fraction of renters in Mobile

History of Mobile Renter Fraction

Date US Alabama Mobile, AL
2015 36.97% 32.11% 34.60%
2014 36.90% 32.32% 34.77%
2013 36.50% 31.96% 33.74%
2012 36.09% 31.25% 35.77%
2011 35.42% 30.11% 32.33%
2010 34.65% 29.88% 32.88%
2009 34.13% 30.42% 34.60%
2008 33.36% 29.01% 31.27%
2007 32.80% 29.10% 32.28%
2006 32.73% 28.22% 29.97%
2005 33.10% 29.48% 32.73%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.