Birmingham rents and rental comps
The median asking rent across 17 Birmingham zip codes is $1,211/month, down 4.4% from a year ago.
Affordable entry, solid cash flow, healthcare-driven economy, and one of the most landlord-friendly regulatory environments in the country. Alabama keeps the rules simple and the barrier to entry low. Hard to argue with that combination.
Median Asking Rent
$1,211
Rent Change (YoY)
-4.4%
Avg Days on Market
45
Active Rental Listings
1,428
Median List Price
$165,000
Median Asking Rent Over Time
Average across 17 zip codes
Median Asking Rent by ZIP Code
Rental Listings by ZIP Code
ZIP | Median Rent |
|---|---|
| 35210 | $1,945/mo |
| 35203 | $1,845/mo |
| 35216 | $1,605/mo |
| 35235 | $1,500/mo |
| 35213 | $1,475/mo |
| 35209 | $1,400/mo |
| 35215 | $1,265/mo |
| 35211 | $1,150/mo |
| 35214 | $1,150/mo |
| 35222 | $1,150/mo |
| 35208 | $1,075/mo |
| 35207 | $999/mo |
| 35205 | $995/mo |
| 35212 | $995/mo |
| 35217 | $985/mo |
| 35206 | $980/mo |
| 35204 | $950/mo |
Comps for any address in Birmingham
Type the address, get the comps. No setup.
Median Asking Rent by Bedroom
| Unit Size | Median Rent |
|---|---|
| Studio | $913/mo |
| 1 Bedroom | $900/mo |
| 2 Bedroom | $1,000/mo |
| 3 Bedroom | $1,280/mo |
| 4 Bedroom | $1,485/mo |
Aggregated median across all Birmingham zip codes with available data.
For-Sale Listings by ZIP Code
| ZIP | Median List Price |
|---|---|
| 35213 | $489,900 |
| 35209 | $399,900 |
| 35222 | $374,900 |
| 35203 | $329,900 |
| 35210 | $309,000 |
| 35216 | $300,000 |
| 35205 | $284,900 |
| 35235 | $179,000 |
| 35212 | $165,000 |
| 35215 | $134,900 |
| 35214 | $110,000 |
| 35206 | $109,900 |
| 35208 | $99,900 |
| 35211 | $94,000 |
| 35204 | $83,500 |
| 35217 | $80,000 |
| 35207 | $55,000 |
HUD Fair Market Rents
| 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 |
HUD publishes Fair Market Rents once a year for the Birmingham metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.
About the Birmingham rental market
The median asking rent across Birmingham, AL sits at $1,211/month, pulled from active rental listings in 17 zip codes. That's down 4.4% from a year ago.
Rents aren't uniform across the city. ZIP 35210 tops the list at $1,945/month. ZIP 35204 comes in lowest at $950/month. That's a 105% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.
A 2-bedroom rents for $1,000/month at the median. 1-bedrooms run about $900. 3-bedrooms come in around $1,280.
Listings take longer here. The average is 45 days on market, which gives renters more room to negotiate and means landlords should price carefully.
Gross rent-to-value lands around 8.8% ($1,211/month rent on a $165,000 median price). Middle of the pack for cash-flow markets.
HUD's Fair Market Rent for a 2-bedroom in the Birmingham metro is $1,020/month. City-wide asking rents run about 19% above that. Section 8 vouchers in this area often don't cover market rent without an exception payment standard.
Birmingham is a cash flow market that more 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 landlord-friendly from a regulatory standpoint. Homewood, Mountain Brook, and the Lakeview District are premium. Ensley, Woodlawn, and parts of the west side have the best price-to-rent ratios. Less saturated with out-of-state investors than Memphis, which can mean more opportunity to find underpriced properties. Low entry points plus a stable healthcare employment base. Worth a look if you want Southeast cash flow without Florida insurance headaches.
These numbers are city-wide averages. If you're pricing a specific property in Birmingham, pull comps from the same zip code. The spread is usually bigger than people expect.
Pull rental comps for an address in Birmingham
City-wide medians are the headline. The comps that actually price a property come from the block it's on. Search any Birmingham address to see them.
Nearby rental markets
Huntsville, AL
14 zip codes
Nashville, TN
17 zip codes
Atlanta, GA
20 zip codes
Charlotte, NC
17 zip codes
Raleigh, NC
15 zip codes
Tampa, FL
17 zip codes
Related guides
How to find rental comps
What rental comps actually are, what makes one good or weak, and how to use them to price a rental without guessing.
What is fair market rent?
What HUD's fair market rent actually means, how it ties into Section 8, and when it should change how you price a rental.
How Section 8 payment standards work
The three numbers landlords mix up, the 90 to 110 percent band, and a worked example of what the voucher actually pays.