Mobile Single-Family Residential Rentals
January 2012 - June 2013
This report provides summary data of single-family residential rentals from the Mobile Area Multi-List. The numbers cover all leased
rental properties represented by real estate agents for the time period shown. Mobile homes and condos are not included.
"Data you can use. Education you can use."
http://cres.southalabama.edu/
For further information, please contact:
Don Epley, Director
USA Center for Real Estate and Economic Development
Mitchell College of Business #126
depley@southalabama.edu
or 251.460.6735
or:
Jeff Newman, Executive Vice President
Mobile Area Association of Realtors
2827 Airport Blvd, Mobile, AL 36606
jeff@gcmls.com
or 251.479.8654
USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no warranty, express or implied, nor assumes
any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represents that its use would not infringe on privately owned
rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA.
Mobile Single-Family Rentals
2012
# of Rental
Volume of Avg List
Properties
Rents
Rents
Leased
January
$63,631
$962
67
February
$57,805
$972
60
March
$62,720
$1,014
63
April
$50,500
$916
56
May
$65,840
$1,058
63
June
$75,385
$984
76
July
$81,630
$1,027
80
August
$53,093
$913
59
September
$45,821
$940
51
October
$75,225
$883
86
November
$46,181
$1,013
46
December
$58,780
$957
62
769
$736,611
$969
ANNUAL
Month
Avg
Contract
Rents
$949
$963
$995
$901
$1,045
$991
$1,020
$899
$898
$874
$1,003
$948
$957
Median
Contract
Rents
$875
$897
$900
$875
$975
$900
$962
$900
$800
$825
$900
$900
$895
Avg DOM
77
72
63
41
48
56
58
45
71
66
53
53
59
Current
Months
Inventory of
Inventory
Rentals
246
3.67
230
3.83
221
3.50
226
4.03
241
3.82
280
3.68
257
3.21
255
4.32
267
5.23
259
3.01
260
5.65
283
4.56
252
3.93
2013
Month
January
February
March
April
May
June
# of Rental
Volume of Avg List
Properties
Rents
Rents
Leased
$72,015
$980
75
$68,810
$924
75
$84,875
$955
90
$62,195
$955
66
$89,710
$994
91
$69,325
$1,053
66
Source: Center for Real Estate and Economic Development, MCOB #126
Avg
Contract
Rents
$960
$917
$943
$942
$985
$1,050
Median
Contract
Rents
$950
$875
$890
$862
$900
$975
Avg DOM
70
69
58
50
47
39
Current
Months
Inventory of
Inventory
Rentals
252
3.36
251
3.34
216
2.40
198
3.00
217
2.38
206
3.12
Page 2 of 4
Number of Rentals Leased
Volume of Rents
January 2012 - June 2013
January 2012 - June 2013
100
$100,000
90
$90,000
80
$80,000
70
$70,000
60
$60,000
50
$50,000
40
$40,000
30
January
April
July
October
January
April
$30,000
January
April
July
October
January
April
Avg & Median Contract Rents
January 2012 - June 2013
$1,100
$1,050
$1,000
$950
$900
$850
$800
January
April
July
Avg Contract Rents
Source: Center for Real Estate and Economic Development, MCOB #126
October
January
April
Median Contract Rents
Page 3 of 4
Leased Rental Properties by MLS Zone
January 2012 - June 2013
MLS Zone
01 Downtown
02 MidTown South
03 MidTown East
04 Dauphin Island Pkwy North
07 MidTown West
09 MidCentral
10 Eight Mile/Prichard
11 Chickasaw
14 Municipal Parl/West Central
15 Springhill/USA
16 Cottage Hill North
17 Cottage Hill South
18 West Mobile
19 Tillman's Corner
20 Western Bay Shores
21 Dauphin Island Pkwy South
22 South Mobile County/Theodore
23 Grand Bay North
24 West Mobile County
25 West Mobile/Semmes
26 Semmes/Wilmer/Lott Rd
27 Saraland
28 Saraland/Satsuma/Axis/Creola
29 NorthEast Mobile County/Mt. Vernon
30 Dauphin Island
31 NorthWest Mobile County/Citronelle
TOTALS
Source: Center for Real Estate and Economic Development, MCOB #126
# of
Leased
Rentals
30
19
125
22
63
10
5
46
54
138
117
92
188
31
29
28
30
5
97
33
29
21
12
0
8
0
1,232
% of
Leased
Rentals
2.4%
1.5%
10.1%
1.8%
5.1%
0.8%
0.4%
3.7%
4.4%
11.2%
9.5%
7.5%
15.3%
2.5%
2.4%
2.3%
2.4%
0.4%
7.9%
2.7%
2.4%
1.7%
1.0%
0.0%
0.6%
0.0%
100%
Total Rents
% of Total
Rents
$28,245
$16,440
$104,425
$14,040
$48,151
$6,468
$2,973
$28,105
$44,365
$138,860
$114,845
$100,205
$213,409
$27,710
$31,760
$21,695
$26,130
$4,570
$111,325
$33,060
$27,370
$18,175
$10,590
$0
$10,625
$0
$1,183,541
2.4%
1.4%
8.8%
1.2%
4.1%
0.5%
0.3%
2.4%
3.7%
11.7%
9.7%
8.5%
18.0%
2.3%
2.7%
1.8%
2.2%
0.4%
9.4%
2.8%
2.3%
1.5%
0.9%
0.0%
0.9%
0.0%
100%
Avg
Contract
Rents
$941
$865
$835
$638
$764
$646
$594
$610
$821
$1,006
$981
$1,089
$1,135
$893
$1,095
$774
$871
$914
$1,147
$1,001
$943
$865
$882
$0
$1,328
$0
$960
Page 4 of 4