Property Prices in Birmingham, AL, United States

Index Info
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
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Apartment (1 bedroom) in City Centre 1,516.67 $ 1,400.00-1,700.00
Apartment (1 bedroom) Outside of Centre 1,033.33 $ 900.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,987.50 $ 2,300.00-4,200.00
Apartment (3 bedrooms) Outside of Centre 2,400.00 $ 1,900.00-2,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 287.50 $ 150.00-400.00
Price per Square Feet to Buy Apartment Outside of Centre 203.75 $ 180.00-250.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,092.90 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.70 6.00-7.25

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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