Property Prices in Birmingham, AL, United States
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| Index |  |
|---|---|
| Price to Income Ratio: | 3.61 |
| Mortgage as Percentage of Income: | 32.54% |
| Loan Affordability Index: | 3.07 |
| Price to Rent Ratio - City Centre: | 7.94 |
| Price to Rent Ratio - Outside of Centre: | 9.10 |
| Gross Rental Yield (City Centre): | 12.60% |
| Gross Rental Yield (Outside of Centre): | 10.98% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,487.50 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,125.00 $ | |
| Apartment (3 bedrooms) in City Centre | 2,230.00 $ | |
| Apartment (3 bedrooms) Outside of Centre | 2,200.00 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 221.34 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 215.67 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,255.75 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.59 |
These data are based on 69 entries in the past 18 months from 24 different contributors.
Last update: July 2024
Sources and References
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