Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Birmingham area can be challenging. Home prices in Birmingham are now at a median cost of $216,642, higher than the Alabama average of $185,232.
The average cost of rent is $1,083/mo in Birmingham, primarily driven by the current value of real estate in the Birmingham area. While nearly 39.58% of residents own their homes outright in Birmingham, 24.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Birmingham is $6,337 per month. Households that rent pay about 17.09% of their income on rent here. Birmingham's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Mountain Brook, AL: higher priced homes
- Homewood, AL: higher priced homes
- Tarrant, AL: less expensive homes
- Vestavia Hills, AL: higher priced homes
- Irondale, AL: equally priced homes
- Fultondale, AL: less expensive homes
- Forestdale, AL: less expensive homes
- Fairfield, AL: less expensive homes
- Docena, AL: less expensive homes
- McDonald Chapel, AL: less expensive homes
Cities with Similar Populations
- Mobile, AL: less expensive homes
- Myrtle Beach, SC: higher priced homes
- Naples, FL: higher priced homes
- Nashville, TN: higher priced homes
- Milpitas, CA: higher priced homes
- Muncie, IN: less expensive homes
- Montgomery, AL: less expensive homes
- Moreno Valley, CA: higher priced homes
- Naperville, IL: higher priced homes
- Lexington, SC: equally priced homes
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