The housing market in Birmingham, AL is quite attractive due to its relatively low median home value of $101,300 compared to the US median house value of $338,100. In addition, the one year house appreciation rate in Birmingham is 8.85%, which is higher than the national average of 8.27%. This makes Birmingham an appealing option for those looking to purchase a home in the area as they can benefit from both lower prices and increases in appreciation rate.
The median home cost in Birmingham is $101,300. Home appreciation the last 10 years has been 82.9%. Home Appreciation in Birmingham is up 14.4%.
Average Age of Homes
- The median age of Birmingham real estate is 54 years old
The Rental Market in Birmingham
- Renters make up 41.1% of the Birmingham population
- 4.1% of houses and apartments in Birmingham, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.