The Most Affordable Neighborhoods in Birmingham, IA by Home Value

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 $117,105, lower than the Iowa average of $226,062.

The average cost of rent is $527/mo in Birmingham, primarily driven by the current value of real estate in the Birmingham area. In Birmingham, 17.59% of households rent, and 49.88% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Birmingham is $5,525 per month. Households that rent pay about 9.54% of their income on rent here. Birmingham’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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