Melrose, Mobile County, AL Housing Trends, Rent, Price-to-Rent

Market Summary

Melrose, Mobile County, AL

Median Home Price Price

$194,044 $194K

Median Monthly Rent Rent

$1,368 $1.4K

GRM

12.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Melrose, AL is $1,368, with MoM change +$7 and YoY change +$28 pointing to positive momentum while volatility is low (std $6).

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Metric

Base market Melrose, AL

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Delta vs base

Median rent

$1,368

N/A

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Median price

$194,044

N/A

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YoY change

+$28

N/A

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Price-to-rent

11.8x

Data unavailable

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