Birmingham Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$59,800

  • 4.9% 1-year change
  • 2.8% 1-year forecast

Market temperature 

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold
Buyers' Market
Sellers' Market

The median home value in Birmingham is $59,800. Birmingham home values have gone up 4.9% over the past year and Zillow predicts they will rise 2.8% within the next year. The median rent price in Birmingham is $750, which is lower than the Birmingham Metro median of $950.

Foreclosures will be a factor impacting home values in the next several years. In Birmingham 14.9 homes are foreclosed (per 10,000). This is greater than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Birmingham is 6.0%, which is the same as the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Birmingham homeowners underwater on their mortgage is 31.9%.

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Relative ZHVI
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Birmingham Market Overview

Data through Jul 31, 2015
  • $59,800 ZHVI
  • 2.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $153,580 Median sale price
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Birmingham Market Health

Data through Jul 31, 2015
  • 2.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 31.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 6.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

15 Birmingham
4 United States
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Nearby Cities

Name Median ZHVI
Mountain Brook $499,300
Vestavia Hills $276,400
Homewood $253,100
Name Median ZHVI
Gardendale $136,700
Irondale $119,100
Fultondale $109,900
Name Median ZHVI
Forestdale $93,300
Fairfield $67,500
Tarrant $48,700

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $107 Median sale price / sq ft
  • No data Listings with price cut
26.7%
Sold below previous sale price
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Birmingham Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $752 Birmingham
    $1,052 Birmingham Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $750 Rent list price
  • $0.66 Rent list price / sq ft
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