The housing market in Birmingham, AL (35222) is relatively strong compared to the US overall. The median value of homes in Birmingham is $362,100, which is higher than the US national median of $338,100. Also, over the past year, the appreciation rate for houses in Birmingham has seen an increase of 8.80%, slightly higher than the national average of 8.27%. This suggests that there is a healthy level of investment and stability in the local housing market in Birmingham.
The median home cost in Birmingham (zip 35222) is $362,100. Home appreciation the last 10 years has been 83.0%. Home Appreciation in Birmingham (zip 35222) is up 14.3%.
Average Age of Homes
- The median age of Birmingham (zip 35222) real estate is 62 years old
The Rental Market in Birmingham (zip 35222)
- Renters make up 36.7% of the Birmingham (zip 35222) population
- 3.0% of houses and apartments in Birmingham (zip 35222), 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.