36587 — Mobile County, Alabama Market Snapshot
Housing market data for zip code 36587 in Mobile County, Alabama. Updated monthly with median prices, days on market, and more.
Market Sales Data
18 sales in 2026 (year to date)
Median Sale Price
$208,750
Days to Sell
13
Homes Sold
18
Inventory
28
Sale-to-List
101.9%
New Listings
28
Price/SqFt
$154
Pending Sales
21
Conforming Loan Available
Most homebuyers in 36587 can comfortably use conventional financing. The median home price of $208,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
36587 is an extremely competitive market with homes selling in just 13 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 36587 (101.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 36587 can comfortably use conventional financing. The median home price of $208,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 36587 are set at the county level.
2026 Loan Limits — Mobile County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 36587
To purchase the median home at $208,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,749.
Monthly Payment
$1,749
Income Required
$74,973
Principal & Interest
$1,286/mo
Down Payment (5%)
$10,438
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 36587.
Estimated Monthly Payment
$1,442
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 36587. Tell us what you're looking for.