Birmingham
Alabama · Ranked #246 of 373 metros
65Moderate
💡
Housing in Birmingham costs 3.58× the median income, below the national average of 4.5×. The median home price is $248K and median rent is $1,153/month. Birmingham ranks #246 of 373 metros for affordability.
Median Home Price
🏠$248K
Need $69K income
Median Rent
🔑$1,153
Need $42K income
Housing Shortage
📉15,000
units needed
Building Permits
🔨3,746
annual
Median Income
💰$69K
Pop: 1,115,289
Rent Burden
⚠️30.5%
of renters paying >30%
Price Change (YoY)
📈+3.8%
Homeownership
🏡71.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Birmingham | National |
|---|---|---|
| Price-to-Income Ratio | 3.58x | 6.1x |
| Rent Burden | 30.5% | 31.5% |
| Homeownership Rate | 71.0% | 65.5% |
| YoY Price Change | +3.8% | +3.5% |
| YoY Rent Change | +3% | +2.8% |
| Mortgage Denial Rate | 16.0% | 13.5% |
| Eviction Rate | 6.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +54.2%Since 2000: +147.7%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,024/mo
1 Bedroom$1,155/mo
2 Bedroom$1,266/mo
3 Bedroom$1,583/mo
4 Bedroom$1,801/mo
Zillow Market Data
Home Value (ZHVI)
$256K
1yr: +0.8%5yr: +23.9%
Rent (ZORI)
$1,406/mo
1yr: +1.6%5yr: +27.4%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$219K
Active Inventory
212
Days on Market
77
Sold Above List
2.5%
Price Drops
21.2%