Median rents, rental comps, and market trends across 17 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
$1,254
Rent Change (YoY)
-6.7%
Avg Days on Market
43
Active Rental Listings
1,463
Median List Price
$188,900
Average across 17 zip codes
ZIP | Median Rent |
|---|---|
| 35210 | $2,225/mo |
| 35213 | $1,900/mo |
| 35203 | $1,850/mo |
| 35216 | $1,750/mo |
| 35209 | $1,510/mo |
| 35235 | $1,480/mo |
| 35215 | $1,295/mo |
| 35214 | $1,175/mo |
| 35211 | $1,150/mo |
| 35222 | $1,150/mo |
| 35208 | $1,095/mo |
| 35206 | $1,045/mo |
| 35212 | $1,045/mo |
| 35205 | $1,000/mo |
| 35217 | $1,000/mo |
| 35207 | $975/mo |
| 35204 | $950/mo |
Get rental comps for any property in Birmingham
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| Unit Size | Median Rent |
|---|---|
| Studio | $891/mo |
| 1 Bedroom | $822/mo |
| 2 Bedroom | $1,050/mo |
| 3 Bedroom | $1,295/mo |
| 4 Bedroom | $1,495/mo |
Aggregated median across all Birmingham zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 35213 | $674,900 |
| 35209 | $488,000 |
| 35222 | $375,000 |
| 35216 | $339,900 |
| 35203 | $315,900 |
| 35210 | $312,000 |
| 35205 | $299,900 |
| 35212 | $209,900 |
| 35235 | $188,900 |
| 35215 | $139,900 |
| 35214 | $119,000 |
| 35206 | $115,000 |
| 35211 | $109,000 |
| 35208 | $99,900 |
| 35204 | $90,000 |
| 35217 | $80,000 |
| 35207 | $58,000 |
| 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 $1,254/month, based on active rental listings across 17 zip codes. Median asking rents have decreased by -6.7% over the past 12 months.
Asking rents vary significantly across the city. ZIP 35210 has the highest median asking rent at $2,225/month, while ZIP 35204 comes in at $950/month.
Rental listings in the area spend an average of 43 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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What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
A step-by-step guide to pricing your rental so it rents quickly without leaving money on the table.