Explore Birmingham, AL - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
C+
Cap Rate
31.32%
Investor Friendly Score
44.00%
Median Price
$140,000

Market Insights

Birmingham's real estate market is experiencing a price correction, with values down 5.4% from last year. Home prices have decreased 14.5% in the past month. With 4.7 months of supply, Birmingham's inventory levels remain relatively tight. Homes are taking about 74 days to sell, which is 17 days longer than this time last year. A significant 20.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 19.2% of homes sold above list price, indicating some competitive segments within the market. Looking ahead, the Birmingham market is expected to maintain its current trajectory with relatively stable conditions.

Demographics market for - Birmingham, AL

Total Population -

211,048

White Population

26.58%

Black Population

68.25%

Mexican64.53% (2.49% of total population)
Puerto Rican10.94% (0.42% of total population)
Cuban1.50% (0.06% of total population)
Dominican1.25% (0.05% of total population)
Salvadoran2.73% (0.11% of total population)
Costa Rican0.34% (0.01% of total population)
Gautemalan4.46% (0.17% of total population)
Honduran4.97% (0.19% of total population)
Nicaraguan1.31% (0.05% of total population)
Panamanian0.72% (0.03% of total population)
Argentinean0.17% (0.01% of total population)
Bolivian0.23% (0.01% of total population)
Chilean0.43% (0.02% of total population)
Colombian2.60% (0.10% of total population)
Ecuadorian0.65% (0.03% of total population)
Peruvian0.56% (0.02% of total population)
Uruguyan0%
Venezuelan2.58% (0.10% of total population)

Indian 8.76% (0.34% of total population)
Bangladeshi 1.56% (0.06% of total population)
Chinese 11.23% (0.43% of total population)
Bhutanese 0%
Burmese 0%
Filipino 1.20% (0.05% of total population)
Hmong 0.11% (0.00% of total population)
Indonesian 0%
Japanese 1.60% (0.06% of total population)
Korean 3.07% (0.12% of total population)
Laotian 0%
Malaysian 0.09% (0.00% of total population)
Mongolian 0%
Nepalese 0%
Pakistani 0.26% (0.01% of total population)
Srilankan 0%
Taiwanese 1.08% (0.04% of total population)
Pakistani 0.26% (0.01% of total population)
Srilankan 0%
Taiwanese 1.08% (0.04% of total population)
Thai 1.18% (0.05% of total population)
Vietnamese 2.05% (0.08% of total population)

Hawaiian0.39% (0.02% of total population)
Samoan0.16% (0.01% of total population)
Chamorro0%
Fijian0%
Marshallese0%

Crime for - Birmingham, AL

Homicide Offenses92.59%
Homicide Offenses7.41%

Robbery100.00%

Sex Offenses62.50%
Kidnapping/Abduction37.50%

Assault Offenses100.00%

Motor Vehicle Theft9.17%
Burglary/Breaking & Entering10.03%
Larceny/Theft Offenses26.65%
Destruction/Damage/Vandalism of Property39.26%
Stolen Property Offenses14.90%

Fraud Offenses73.91%
Arson13.04%
Counterfeiting/Forgery13.04%

Real Estate Market Prediction for - Birmingham, AL

City Hotspots

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