Birmingham - AL housing market

The typical Birmingham home is worth $260,710 as of September 2026, up 0.2% from the prior month, up 0.5% over three months, and up 2.4% from a year ago. Over the past two years values have ranged from $253,988 to $260,710.

Homes are going pending in about 27 days, slower than the 18 days seen three months earlier. There are roughly 5,835 homes for sale, 5% more than a year ago. 25.1% of listings have taken a price cut (up from 23.4% three months ago).

Typical rent is $1,404 a month, up 3.0% year over year, which puts the price-to-rent ratio at 15.5.

At this week's 7.40% mortgage rate with 20% down ($52,142), the typical Birmingham home costs about $1,770 a month including tax and insurance, which needs a household income of roughly $75,900 to stay under a 28% payment-to-income ratio.

The typical home value ($260,710) is the Zillow Home Value Index for the Birmingham - AL metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.4% over the past year. In Birmingham - AL, that means a home worth $254,600 last year is now worth roughly $260,710.

The median sale price, what homes actually close for, is $259,408. Homes are selling at 98.2% of list price, meaning buyers have room to negotiate.

Homes listed in Birmingham - AL sit on the market for roughly 27 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,479 new listings hit the market each month in Birmingham - AL. There are currently 5,835 homes for sale, up 5.1% from a year ago.

The typical monthly rent in Birmingham - AL is $1,404, up 3.0% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.5x, toss-up (#137 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,444 a month in principal and interest, $40 more than renting before taxes, insurance and upkeep. The two break even at a 7.12% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →