Mobile, Alabama makes a great first impression with its beautiful blooming gardens and parks. The city's natural beauty is obvious when you glimpse the oak trees lined up against historic homes that have more than 200 years of history behind them. Just like many other southern towns that have come alive in the past 20 to 30 years, Mobile has a great deal to offer, with just one of the most well-known places being the Gulf Coast's Mobile Bay. This is where the Battle of Mobile Bay took place in 1864 during the Civil War, and that's just one of the many examples of Mobile's rich history.
Mobile, AL is a great place for affordable rent-to-own homes! With a median household income of over $43,456 and a median rent of $873, the Mobile, AL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Mobile, AL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Mobile, AL is seeing rapid growth and Mobile, AL's' housing market remains optimal with an average home price that is -38% below the 2022 national average. Mobile, AL is part of Mobile county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Mobile is 0.5% which is below the national average, which is 0.99%.
Mobile, AL has a walk score of
Mobile, AL has a bike score of
The state tax rate is 2.0 to 5.0% on top of the federal tax rate of 10 to 37%.