Housing in Birmingham, MI is more expensive than the US median, with a median value of $599,900 compared to $338,100 across the US. Over the last year, house appreciation in Birmingham has been 7.58%, slightly lower than the 8.27% appreciation across the US as a whole. Despite this difference, house prices in Birmingham remain higher on average than many parts of the country and are likely to continue to appreciate in value over time.
The median home cost in Birmingham is $599,900. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Birmingham is up 10.8%.
Average Age of Homes
- The median age of Birmingham real estate is 61 years old
The Rental Market in Birmingham
- Renters make up 23.3% of the Birmingham population
- 3.0% 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.