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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 $712,118, higher than the Michigan average of $250,415.
The average cost of rent is $1,967/mo in Birmingham, primarily driven by the current value of real estate in the Birmingham area. In Birmingham, 23.30% of households rent, and 29.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Birmingham is $14,037 per month. Households that rent pay about 14.01% of their income on rent here. Birmingham’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Beverly Hills, MI: less expensive homes
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- Bloomfield Hills, MI: equally priced homes
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- Bingham Farms, MI: less expensive homes
- Royal Oak, MI: less expensive homes
- Franklin, MI: equally priced homes
- Southfield, MI: less expensive homes
- Huntington Woods, MI: less expensive homes
Cities with Similar Populations
- Panama City Beach, FL: less expensive homes
- Lebanon, MO: less expensive homes
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- North Salt Lake, UT: less expensive homes
- North Tustin, CA: higher priced homes
- Ottawa, IL: less expensive homes
- Palm Valley, FL: equally priced homes
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