Property Prices in Birmingham, AL, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 4.27 |
| Mortgage as Percentage of Income: | 38.85% |
| Loan Affordability Index: | 2.57 |
| Price to Rent Ratio - City Centre: | 8.97 |
| Price to Rent Ratio - Outside of Centre: | 8.60 |
| Gross Rental Yield (City Centre): | 11.15% |
| Gross Rental Yield (Outside of Centre): | 11.62% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,516.67 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,033.33 $ | |
| Apartment (3 bedrooms) in City Centre | 2,987.50 $ | |
| Apartment (3 bedrooms) Outside of Centre | 2,400.00 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 287.50 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 203.75 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,092.90 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.70 |
These data are based on 57 entries in the past 18 months from 18 different contributors.
Last update: September 2023
Sources and References
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