Birmingham - AL housing market

The typical Birmingham home is worth $262,562 as of August 2026, up 0.2% from the prior month, up 0.4% over three months, and up 2.4% from a year ago. Over the past two years values have ranged from $256,101 to $262,562.

Homes are going pending in about 23 days, slower than the 17 days seen three months earlier. There are roughly 5,797 homes for sale, 6% more than a year ago. 25.1% of listings have taken a price cut (up from 22.0% three months ago).

Typical rent is $1,433 a month, up 2.1% year over year, which puts the price-to-rent ratio at 15.3.

At this week's 7.40% mortgage rate with 20% down ($52,513), the typical Birmingham home costs about $1,783 a month including tax and insurance, which needs a household income of roughly $76,400 to stay under a 28% payment-to-income ratio.

The typical home value ($262,563) 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 $256,409 last year is now worth roughly $262,563.

The median sale price, what homes actually close for, is $260,025. Homes are selling at 98.6% of list price, meaning buyers have room to negotiate.

Homes listed in Birmingham - AL sit on the market for roughly 23 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 1,578 new listings hit the market each month in Birmingham - AL. There are currently 5,797 homes for sale, up 5.7% from a year ago.

The typical monthly rent in Birmingham - AL is $1,433, up 2.1% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.3x, toss-up (#142 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,454 a month in principal and interest, $21 more than renting before taxes, insurance and upkeep. The two break even at a 7.25% 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 →