Birmingham
Alabama · Ranked #20 of 102 metros
65Moderate
Median Home Price
🏠$240K
Need $69K income
Median Rent
🔑$1K
Need $42K income
Housing Shortage
📉15,000
units needed
Building Permits
🔨6,500
annual
Median Income
💰$56K
Pop: 1,115,289
Rent Burden
⚠️30.5%
of renters paying >30%
Price Change (YoY)
📈+3.8%
Homeownership
🏡66.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Birmingham | National |
|---|---|---|
| Price-to-Income Ratio | 4.3x | 6.1x |
| Rent Burden | 30.5% | 31.5% |
| Homeownership Rate | 66.0% | 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% |