The housing market in 35218 Birmingham, AL is very close to the national average. The median value of a house in the area is $64,900, which is slightly lower than the US median value of $338,100. However, over the past year, house appreciation in 35218 Birmingham was 8.80%, making it slightly higher than the US average of 8.27%. This shows that housing in this area is likely to increase in value significantly over time.
The median home cost in Birmingham (zip 35218) is $64,900. Home appreciation the last 10 years has been 83.0%. Home Appreciation in Birmingham (zip 35218) is up 14.3%.
Average Age of Homes
- The median age of Birmingham (zip 35218) real estate is 61 years old
The Rental Market in Birmingham (zip 35218)
- Renters make up 45.6% of the Birmingham (zip 35218) population
- 2.3% of houses and apartments in Birmingham (zip 35218), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.