Market Snapshot
- Median listing price
- $235K
- Median rent
- $1,600/mo
- Days on market
- 297 days
- Gross rental yield
- 8.17%
- STR vs LTR
- $1,052/mo STR · $1,600/mo LTR
The median listing price in Theodore, AL ZIP 36582 is $234,900 as of June 2026.
The median market rent in Theodore, AL ZIP 36582 is $1,600/month as of June 2026.
The median days on market in Theodore, AL ZIP 36582 is 297 days as of June 2026. The market is currently neutral.
At a median list price of $234,900 and a median rent of $1,600/month, the gross rental yield in Theodore, AL ZIP 36582 is 8.17% as of June 2026.
In Theodore, AL ZIP 36582, median Airbnb revenue is $1,052/month compared to median long-term rent of $1,600/month as of June 2026.
Theodore, AL 36582 Real Estate Market Report
ZIP Code: 36582
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Theodore, AL, are averaging approximately 6.5% as of June 2026, reflecting a period of relative stability compared to the higher rates observed earlier in the year.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary indicator, 183,500 as the median sold price, anchors local market value and suggests recent transactions are occurring lower than asking levels in the sample neutral market temperature.
- The gap between 234,900 median listing price and 183,500 median sold price points to pricing friction where seller expectations exceed realized sale prices and may indicate softening on list-to-sale conversion.
- A long median days on market of 297 signals slower sales velocity and reduced liquidity, which, combined with a neutral market temperature and elevated interest rate pressure, suggests transactions may require more time and price concessions.
- Strong rental dynamics are evident: median market rent of 1,600 and an upward rent year-over-year trend indicate robust rental demand, while elevated interest rates (current 30-year fixed ~6.5%) support investor interest in rental income rather than rapid owner-occupier turnover.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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