Property Prices in Birmingham, AL, United States

Index Info
Price to Income Ratio: 3.66
Mortgage as Percentage of Income: 32.94%
Loan Affordability Index: 3.04
Price to Rent Ratio - City Centre: 7.65
Price to Rent Ratio - Outside of Centre: 9.10
Gross Rental Yield (City Centre): 13.07%
Gross Rental Yield (Outside of Centre): 10.98%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,487.50 $ 1,400.00-1,700.00
Apartment (1 bedroom) Outside of Centre 1,125.00 $ 1,100.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,437.50 $ 2,000.00-4,200.00
Apartment (3 bedrooms) Outside of Centre 2,200.00 $ 1,600.00-2,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 221.34 $ 157.00-350.00
Price per Square Feet to Buy Apartment Outside of Centre 215.67 $ 157.00-250.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,211.29 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.57 6.19-6.80

These data are based on 68 entries in the past 18 months from 25 different contributors.
Last update: May 2024

Sources and References
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