2021 Housing Market Overview
Birmingham Real Estate Market 2021
Birmingham Real Estate Market Overview
Metro Population: 1.2 M
Median Household Income:$58,000
Median Home Price*:$177,900
Median Monthly Rent*:$1,145
Interested in investing in the Birmingham real estate market in 2021? On this page you’ll learn about housing market trends and statistics to help you make that decision.
Located in the foothills of the Appalachian Mountains, Birmingham is the most-populous city in the state of Alabama and the county seat of Jefferson County.
At the height of the nation’s manufacturing age, the city grew so fast in population it was nicknamed the “Magic City.” The nickname stuck when they discovered it was also the only city in the world where the three raw ingredients used to make steel (coal, limestone, and iron ore) occur naturally in a ten-mile radius.
In the last few decades, Birmingham has undergone a major revitalization, becoming a hub for publishing, medical research, banking, construction, and service-based companies. Today, the Magic City is considered one of the nation’s most livable cities because of its vibrant downtown, burgeoning loft community, and world-class culinary scene.
Birmingham Housing Market Trends
Birmingham Real Estate Market Trends & Statistics 2021In this section, you’ll learn about the top factors that make the Birmingham real estate one of the most popular of 2021, including: affordable home values, passive income, and stability. Explore Birmingham’s housing market, population, and employment trends in the tabs to learn more.
Major Employers in Birmingham
- "Ranked #1 in America's Most Affordable Cities" - Forbes
- "Ranked #1 in America's Next Hot Food Cities" - Zagat
- "Ranked #7 Most Affordable Market" - Zillow
- "#2 in Where to Buy a Home if You Can’t Afford a Big Down Payment" - Business Insider
- "#3 Best Place for a Block Party" - Business Insider
- "Birmingham Real Estate Market Moving in Right Direction" - Fortune Builders
- "#7 city for Young Professionals Population Growth" - Birmingham Business Alliance
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