Theodore | Mobile Co AL Business Social
Theodore is a unincorporated coastal community in Mobile county , Alabama. With a population of less than 14,000 residents, Theodore is the 54th largest community in Alabama.
In Alabama, Greyhound Racing is still legal and Theodore is home to the "Mobile Greyhound Park" is open to the public seven days a week. The park has something for everyone, whether you’re watching the latest simulcast race LIVE or grabbing a bite to eat for breakfast, lunch or dinner.
Theodore does not have a public transit system to get to and from work, buy groceries , or take the kids to their doctor's appointment , if you don't have a car . Regardless of the means by which you commute around town, Theodore is notable in that residents have a average commute to work than most places, with a commute time from home to work for those of us who live here is about 15 to 30 minutes on average.
The average rental price in Theodore is between $1325 to $1750 a month, while the average rental cost here is more expensive than over 73 percent of other communities in Alabama.
The residents of Theodore have a lower percentage of college educated resident at just under 15 percent of adults having at least a bachelor's degree. Compare that to the average community in America, which has just under 22 percent with a bachelor's degree or higher. Of course, these days when you get a higher education it comes with a lot of debt! So, if you're someone who falls into this scenario, consider your options long before thinking about purchasing a home, and even before the ink is dry on your student loan note!
There are two measures for understanding income: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income.
The per capita income in Theodore last reported was just under $26,000, which is an modest income in Alabama. This equates to an annual income of a little over $104,000 for a family of four, while some neighborhoods have as much as 46 percentage of the children live below the federal poverty line. We can always do better, and that begins with a good education!
Median real estate price in Theodore is as low as $181,000 in some neighborhoods and as high as $312,000 in others.
Real estate in Theodore is made up by a host of property types including single-family, multi-family, and manufactured homes, with a average balance of renters and owners. Many of the residences in Theodore are older, well established, built between 1940 to present day.
Theodore has six neighborhoods that make up the city.
Bellfontaine | Deer River
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Belmeade | Hillview
Plantation
Cypress Branch | Jackson Creek
Cedar Grove
Argyle
Theodore vacancy rates are as high as 21 percent in some neighborhoods, and as low as eight percent in others. If you have questions about vacancy issues in a neighborhood, be sure to consult a real estate agent.
Theodore is well within the various guidelines set for a USDA RD Zero Down Home Loan or an FHA 203K Home Purchase & Renovation Loan .
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