Birmingham, AL has a population of 212,265, while the median age is 36. The household income in Birmingham, AL is around $33,770. The homeownership rate among the residents is 46%. The median residential property value in Birmingham, AL that you should keep in mind is $86,900.
Population | 212,265 |
Median Age | 35.7 |
Poverty Rate | 28% |
Household Income | $33,770 |
Number Of Employees | 93,129 |
Median Property Value | $86,900 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $2,620 | -0.7% |
1-bed apartments | $2,216 | -29.8% |
2-bed apartments | $2,399 | -40% |
3-bed apartments | $3,368 | -35.4% |
4+ bed apartments | $9,428 | -23.1% |
Over the May 2023, the average rent for an apartment in/near Birmingham, AL decreased by 43% to $2,990.
Compared to the last month, the average price for a rental studio in Birmingham, AL has decreased by 0.7%. You can expect to rent the studio for $2,620 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 29.8% to $2,216. Pricing for 2-bed apartment also decreased by 40% and a place of this size will now cost you $2,399. 3-bed apartment rent pricing starts at $3,368, it decreased by 35.4% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 23.1% and made it down to $9,428.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $4,754 | -33.4% |
Condos for rent | $3,007 | -28.9% |
Apartments for rent | $2,551 | -17.1% |
Rooms for rent | $675 | -22.1% |
The median rent for an apartment in Birmingham, AL decreased by 17.1% to $2,551. Statistics show that house rent price decreased by 33.4% this month making it up to $4,754. Condos faced an upward trend these days. The median rent for a condo decreased by 28.9%, it’s now available for $3,007. An average room will now go for $675, the median rent price for a room decreased by 22.1%. Townhouse rent pricing didn’t change, the price still starts at $4,920.