Why Live in Terrace Hills
Terrace Hills, located in Mobile, is an established neighborhood known for its long-term residents and a variety of home styles. The area features ranch-style homes predominantly in the north, while the south showcases larger homes with Cape Cod, Colonial Revival, Greek Revival, French country, and Victorian influences. The neighborhood is centrally situated in West Mobile, providing easy access to shopping options like Walmart and Publix, as well as Interstate 65. Dining options are plentiful along Cottage Hill Road, including popular spots like Meat Boss for barbecue, K&D Seafood for seafood, and Jefe Paletas for Mexican ice pops. Terrace Hills has a mix of gently inclined streets and manicured lawns, with sidewalks on the southwest side. Laun Park, located near the heart of the neighborhood, offers an open field, wading pool, playground, and a recreational center. Nearby Mims Park and Medal of Honor Park provide additional sports facilities, including tennis courts and a disc golf course. The neighborhood is safer than the national average, making it a practical choice for families. Terrace Hills is also conveniently located 20 minutes from downtown Mobile and 40 minutes from Pascagoula, Mississippi. The Alabama Pecan Festival in nearby Tillmans Corner is a notable annual event, featuring live music, carnival games, and the crowning of the Pecan Festival Queen.
Frequently Asked Questions
Is Terrace Hills a good place to live?
Terrace Hills is a good place to live. Terrace Hills is considered very car-dependent and somewhat bikeable. Terrace Hills is a suburban neighborhood. Terrace Hills has 6 parks for recreational activities. It is fairly sparse in population with 3.3 people per acre and a median age of 42. The average household income is $71,942 which is below the national average. College graduates make up 23.4% of residents. A majority of residents in Terrace Hills are home owners, with 36% of residents renting and 64% of residents owning their home. A
local real estate agent serving Terrace Hills can help you decide if this neighborhood is the right one for you. Learn more on our
Terrace Hills neighborhood guide.
How much do you need to make to afford a house in Terrace Hills?
The median home price in Terrace Hills is $225,000. If you put a 20% down payment of $45,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,140 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $49K a year to afford the median home price in Terrace Hills. The average household income in Terrace Hills is $72K.
What are the best public schools in Terrace Hills?
The best public schools that serve Terrace Hills are:
What are the best private schools in Terrace Hills?
The best private schools that serve Terrace Hills are:
What are the most popular zip codes in Terrace Hills, Mobile, AL?
What are the most popular neighborhoods near Terrace Hills, Mobile, AL?
Home Trends in Terrace Hills, AL
On average, homes in Terrace Hills, Mobile sell after 46 days on the market compared to the national average of 52 days. The median sale price for homes in Terrace Hills, Mobile over the last 12 months is $217,500, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$217,500
Median Single Family Sale Price
$217,500
Average Price Per Sq Ft
$123
Number of Homes for Sale
14
Last 12 months Home Sales
45
Median List Price
$225,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
6%