Side-by-side comparison of Mobile, AL and Montgomery, AL — cap rates, rent, prices, and investment metrics.
Cash flow: Mobile has the edge with an estimated cap rate of 5.78% compared to Montgomery's 5.67%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $155,000 in Mobile vs $165,000 in Montgomery, while rents come in at $980/mo and $1,020/mo respectively.
Growth & appreciation: Montgomery is growing faster at 0.2% annually vs Mobile's 0.1%. Montgomery leads on home value appreciation at 1.9% per year.
Costs & risk: Property taxes are 0.44% in Mobile vs 0.41% in Montgomery. Vacancy rates of 7.5% and 7.2% are both elevated, warranting conservative cash flow projections.
Bottom line: Montgomery edges out Mobile on most key metrics. With a 5.67% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Mobile or Montgomery.