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 $609,377, higher than the Michigan average of $196,062.
The average cost of rent is $1,822/mo in Birmingham, primarily driven by the current value of real estate in the Birmingham area. While nearly 32.31% of residents own their homes outright in Birmingham, 23.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Birmingham is $13,466 per month. Households that rent pay about 13.53% of their income on rent here. Birmingham's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Beverly Hills, MI: less expensive homes
- Clawson, MI: less expensive homes
- Berkley, MI: less expensive homes
- Bloomfield Hills, MI: equally priced homes
- Lathrup Village, MI: less expensive homes
- Bingham Farms, MI: less expensive homes
- Royal Oak, MI: less expensive homes
- Franklin, MI: less expensive 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
- Lucedale, MS: less expensive homes
- Monroe, WA: less expensive homes
- Newtown Square, PA: less expensive homes
- Nogales, AZ: less expensive homes
- North Salt Lake, UT: less expensive homes
- North Tustin, CA: higher priced homes
- Ottawa, IL: less expensive homes
- Palm Valley, FL: less expensive homes
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