Birmingham Real Estate Market Overview
Public School Ranking:
Selling a House in Birmingham, AL
The most promising time to sell a home in Alabama for a higher value is during May. The median home value here is currently $214,000, and August proves to be the best month for a quick sale. In August, homes sell 11 days faster than the national average of 51 days. Some may be wondering what to do if they need to sell their home in 10 days, for example. This is when iBuyers can be of the most assistance to homeowners. iBuyers provide their clients with quick offers and an even quicker selling process. They can close a sale within a month, and will handle all the traditional responsibilities that come with a home sale.
Location & Weather
This city is located in the Jones Valley area of central Alabama, and its downtown is surrounded with views of the Red Tail mountain. One great feature of Birmingham is its close proximity to Atlanta and Nashville. It’s also known to be one of the most impressive cities in regards to development. Birmingham provides plenty of options to its residents, amongst the many museums, historical tours, universities, parks, breweries and unique dining experiences it has to offer. The city is even known for having a “haunted” history, which explains its many ghost tours. Some of these include the Ghost and Graveyard Driving tour and The Birmingham Ghost Walk Tour. Other tourist attractions are the Birmingham Botanical Gardens, the Barber Vintage Motorsports Museum, the Birmingham Zoo and the Best of Birmingham Food and Drink Tour.
The weather in Birmingham consists of long, humid summers and short, chilly winters. In the summer, temperatures are in the high 90’s and low 60’s. During winter, temperatures have highs in the 60’s and reach lows in the 30’s.
Population, Job Market & Cost of Living
The 2020 population of Birmingham is 208,940, and it has a currently declining growth rate of 0.22%. The job growth has increased by 2.0% over the last year and in ten years, is predicted to have increased by 29.2%. The major industries in Birmingham include healthcare, tourism, finance, and distribution. The top 5 most qualified companies to work for are Encompass Health, Regions Bank, The University of Alabama Birmingham, Bfw Liquidation, and BE&K. Birmingham’s cost of living is lower than the U.S. average, and lower than the overall average in Alabama. Although health and utilities are the largest parts of living costs, it is still an affordable city to live in.
Birmingham is the ideal place for someone looking for means of education, a variety of different career options, or a new place for their family to call home.