Real Estate in Birmingham, AL
Updated 2026 • Housing market data from 32 zip codes • Redfin data through January 2026
📊 Birmingham, AL Market Activity
The Birmingham housing market shows a median sale price of $112,600, 7.0% higher than last year. The price per square foot is $143, below the national median of ~$215/sqft. Homes in Birmingham spend a median of 100 days on market, longer than the national median of 42 days — giving buyers more negotiation room.
🏘️ Birmingham Rental Market
The average rent in Birmingham, AL is $1,546 per month. A 2-bedroom apartment rents for approximately $1,433/month, while a 3-bedroom home averages $1,545/month.
📦 Birmingham Housing Supply & Demand
There are 841 new listings and 1,117 active properties on the market.
🏆 Birmingham Market Competitiveness
Homes in Birmingham sell for an average of 95.0% of their asking price. About 16% of properties sell above list price, indicating moderate buyer competition.
On average, homes sell for 95.0% of the asking price
16% of sales closed above asking, % at or below
📋 Housing Overview
Birmingham, AL Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 114900, the balance between renting (54%) and owning (46%), and a population of 196910 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $114,900 and average rents of $1,546/month, the median household income of $42,464 provides context for affordability in Birmingham. Whether you're looking to buy property in Birmingham or invest in Birmingham real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $1,433/month, while a 3-bedroom house averages $1,545/month.
Economy & What Drives Birmingham Real Estate
Real estate values in Birmingham, AL are driven by local employment, school quality, and quality of life. The cost of living index of 67.7 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $42,464, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Birmingham neighborhoods.
Pros & Cons
Pros
- •Friendly community vibes
- •Rich historical significance
- •Access to outdoor activities
- •Good music and arts scene
- •Diverse dining choices
- •Growing job market
- •Affordable housing options
- •Family-friendly events available
- •Strong college presence
- •Emerging tech industry
Cons
- •High crime rates reported
- •Traffic congestion issues
- •Limited nightlife options
- •Healthcare access challenges
- •Limited public transportation
- •Perception of racism exists
- •Weather can be oppressive
- •Public schools need improvement
- •Some areas are not walkable
- •Economic inequality present
Frequently Asked Questions
What is the cost of living in Birmingham, AL? ▼
The cost of living in Birmingham, AL is 32% lower than the national average, with a cost of living index of 68 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Birmingham, AL? ▼
In Birmingham, AL, The median home price is $114,900. requiring approximately $67,479 annual income to afford. Average rent is $1,546/month (requiring ~$61,854/year income). The local median household income is $42,464, making homeownership attainable for typical residents. Explore Birmingham real estate data →
Is Birmingham, AL a safe place to live? ▼
Birmingham, AL is an area where crime rates exceed the national average. The crime rate is 88.7 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Birmingham crime statistics →
What salary do you need to live comfortably in Birmingham, AL? ▼
To live comfortably in Birmingham, AL and afford a median-priced home of $114,900, you would typically need a household income of $28,725 to $35,906 per year. The local median household income is $42,464. Renting requires approximately $61,854/year (at $1,546/month). See full affordability analysis →
Is Birmingham, AL growing? ▼
Birmingham, AL has a population of 196,910. As a mid-to-large city, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and competitive job market shape migration patterns. See Birmingham population demographics →
What are the best neighborhoods in Birmingham, AL? ▼
The best neighborhoods in Birmingham, AL depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $114,900 is below the national average. Explore Birmingham on our interactive map →
What is the commute like in Birmingham, AL? ▼
Commute times in Birmingham, AL vary by neighborhood and workplace location. As a mid-size community, most residents rely on personal vehicles, though public transit options may be available. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Birmingham, AL? ▼
Tax rates in Birmingham, AL include state and local components. The cost of living index of 68 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Birmingham tax information →
How does Birmingham, AL compare to nearby cities? ▼
Birmingham, AL offers a more affordable alternative to nearby communities. With a cost of living index of 68, median home prices of $114,900, and a crime rate of 88.7 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Birmingham, AL? ▼
Weather in Birmingham, AL varies by season. Climate data varies by season. View detailed Birmingham climate & environment data →
Is it better to rent or buy in Birmingham, AL? ▼
With a median home price of $114,900 and average rents of $1,546/month, the price-to-rent ratio in Birmingham is 6.2x. This favors buying, as monthly mortgage payments may be comparable to or lower than rent. See full cost analysis →
What is the price per square foot in Birmingham, AL? ▼
The median price per square foot in Birmingham is $143, which is 33% below the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Birmingham, AL? ▼
Homes in Birmingham spend a median of 100 days on market before going under contract. This indicates homes take longer than the national median of 42 days, giving buyers more negotiating room. View full market data →
Explore More About Birmingham, AL
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin