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Birmingham real estate market overview

  • Average Monthly Rent: $1,274
  • Home Price/Value Percentage Change: 3.80%
  • Median Home Value: $99,176
  • Best Time To Sell a Home: June
  • Affordability Index: High
  • Days To Sell a House: 54
  • Job Market: Weak
  • Public School Ranking: 42

Location and 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.

Sell my house fast in Birmingham, Alabama

Population, job market and cost of living

The 2023 population of Birmingham is 197,283, and it has a currently declining growth rate of 0.58%.

The job growth has decreased by -3.69% over the last year and in ten years, is predicted to have increased by 29.22%. 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, Bfw Liquidation, UAB - The University of Alabama at Birmingham and BE&K.

Birmingham's cost of living is lower than the US 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.

Birmingham real estate market details

  • South Eastlake
  • Five Points South
  • Highland Park
  • Crestwood South
  • Central City

The average monthly rent in Birmingham is $1,274 for an average apartment size of 972 sq. feet.

There has been a 3.8% increase in median home value over the last year. As of 2023, the median home value is $99,176.

On average, homes in Birmingham sell after 46 days on the market.

The best time to sell a home for the highest valued sale is during June. For the quickest sale, homeowners should sell in August.

The affordability index in Birmingham is 76. This number indicates high affordability in this city.

The top ranked public schools are Crestline Elementary School, Cherokee Bend Elementary School, Mountain Brook Elementary School, East Elementary School and Mt Laurel Elementary School. This information is based on data measuring academic performance and equity.

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