Median rents, rental comps, and market trends across 11 zip codes in Birmingham, AL.
Affordable entry, solid cash flow, and a healthcare-driven economy in one of the most landlord-friendly states in the country. Alabama keeps the regulations simple and the barrier to entry low. Hard to argue with that.
Median Asking Rent
$1,198
Rent Change (YoY)
-7.1%
Avg Days on Market
45
Active Rental Listings
1,155
Median List Price
$158,450
Average across 11 zip codes
ZIP | Median Rent |
|---|---|
| 35210 | $2,095/mo |
| 35203 | $1,875/mo |
| 35209 | $1,500/mo |
| 35215 | $1,250/mo |
| 35211 | $1,150/mo |
| 35214 | $1,150/mo |
| 35208 | $1,075/mo |
| 35206 | $1,050/mo |
| 35207 | $1,045/mo |
| 35212 | $1,000/mo |
| 35205 | $988/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $900/mo |
| 1 Bedroom | $785/mo |
| 2 Bedroom | $908/mo |
| 3 Bedroom | $1,225/mo |
| 4 Bedroom | $1,450/mo |
Aggregated median across all Birmingham zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 35213 | $479,900 |
| 35209 | $349,900 |
| 35203 | $310,000 |
| 35210 | $299,000 |
| 35205 | $235,000 |
| 35212 | $169,900 |
| 35215 | $147,000 |
| 35206 | $120,000 |
| 35208 | $104,900 |
| 35214 | $104,900 |
| 35211 | $99,900 |
| 35207 | $55,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $820/mo |
| 1 Bedroom | $930/mo |
| 2 Bedroom | $1,020/mo |
| 3 Bedroom | $1,280/mo |
| 4 Bedroom | $1,450/mo |
Fair Market Rents are published annually by HUD for the Birmingham metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Birmingham, AL is currently $1,198/month, based on active rental listings across 11 zip codes. Median asking rents have decreased by -7.1% over the past 12 months.
Asking rents vary significantly across the city. ZIP 35210 has the highest median asking rent at $2,095/month, while ZIP 35205 comes in at $988/month.
Rental listings in the area spend an average of 45 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Birmingham metro area is $1,020/month. Current median asking rents are above the FMR, which is common in growing markets.
Birmingham is another market that cash flow investors have discovered. Healthcare dominates — UAB (University of Alabama at Birmingham) is the largest employer in the state and one of the biggest academic medical centers in the Southeast. Alabama is very landlord-friendly from a regulatory standpoint. Homewood, Mountain Brook, and the Lakeview District are premium. Ensley, Woodlawn, and parts of the west side are where investors find the best price-to-rent ratios. The market is less saturated with out-of-state investors than Memphis, which means there may be more opportunity to find underpriced properties. Entry points are low and the healthcare employment base provides stability. Worth a look if you want Southeast cash flow without Florida insurance headaches.
Want to look up rental comps and rent estimates for a specific property in Birmingham? PropMetrics lets you search any address and get detailed rental data instantly.
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Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
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