Property Prices in Birmingham, AL, United States

Index Info
Price to Income Ratio: 3.88
Mortgage as Percentage of Income: 33.83%
Loan Affordability Index: 2.96
Price to Rent Ratio - City Centre: 8.11
Price to Rent Ratio - Outside of Centre: 7.13
Gross Rental Yield (City Centre): 12.33%
Gross Rental Yield (Outside of Centre): 14.02%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre $1,706.33 1,344.00-1,900.00
1 Bedroom Apartment Outside of City Centre $1,224.50 900.00-1,500.00
3 Bedroom Apartment in City Centre $2,971.67 2,000.00-4,260.00
3 Bedroom Apartment Outside of City Centre $2,122.12 1,330.00-2,800.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre $276.47 158.96-305.65
Price per Square Feet to Buy Apartment Outside of Centre $174.06 158.96-221.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) $3,126.82
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.18 6.00-7.79

These data are based on 92 entries from 16 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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