Median Home Price
$208,519.76
Median Rent
$1,291.76/mo
Price-to-Rent Ratio
13.5
Property Tax RateTIE
0.40%
Price Change (1Y)BETTER
-0.3%
Price Change (5Y)BETTER
-1.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$41,315
Median Home PriceBETTER
$191,438.12
Median RentBETTER
$1,258.23/mo
Price-to-Rent RatioBETTER
12.7
Property Tax RateTIE
0.40%
Price Change (1Y)
-1.5%
Price Change (5Y)
-7.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$26,901
Key Differences
Home Prices
Birmingham's median home price of $208,519.76 is higher than Mobile's $191,438.12 by 9%.
Monthly Rent
Renting in Birmingham costs $1,291.76/mo compared to $1,258.23/mo in Mobile—a difference of $33.53/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.