Property Prices in Birmingham, AL, United States

Index Info
Price to Income Ratio: 2.64
Mortgage as Percentage of Income: 18.73%
Loan Affordability Index: 5.34
Price to Rent Ratio - City Centre: 11.19
Price to Rent Ratio - Outside of Centre: 4.57
Gross Rental Yield (City Centre): 8.93%
Gross Rental Yield (Outside of Centre): 21.88%
Rent Per Month
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Apartment (1 bedroom) in City Centre 905.00 $ 800.00-1,500.00
Apartment (1 bedroom) Outside of Centre 817.50 $ 700.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,434.00 $ 918.50-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,264.91 $ 824.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 194.28 $ 150.00-225.38
Price per Square Feet to Buy Apartment Outside of Centre 70.94 $ 25.05-180.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,704.76 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.73 3.20-4.00

These data are based on 134 entries in the past 18 months from 31 different contributors.
Last update: June 2021

Sources and References
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