Renting a home in the Birmingham-Hoover Metro Area is expensive.
According to new figures by Harvard University's Joint Center for Housing Studies, nearly half of the renter households in the area experience cost burdens--meaning they pay more than 30 percent of their income for housing.
The report, published June 24, concludes that as national homeownership rates continue to fall, there has been a record growth in rental demand. The national rental vacancy rate dropped to its lowest point in nearly 20 years. That boom in renters, however, has driven up rental rates.
In the Birmingham-Hoover Metro Area,
one in four renters suffer severe cost burdens
--paying more than half of their income for housing. The percentages only increase in lower-income households: 80 percent of households with incomes under $15,000 spend more than 30 percent of income on housing, compared to only 8.1 percent of households where the renters make more than $75,000.
In the Birmingham-Hoover area, where the household median income for renters is $26,300, rental homes currently listed on the
real estate website Zillow.com
range from as low as $480 a month for a two-bedroom house on 4th Ave. N. in Birmingham to as high as $2,300 a month for a two bedroom house on Malaga Ave. near Homewood. A four-bedroom, five-and-a-half-bath, 4,598 square-foot house in Hoover is currently listed for $3,900 a month.
Though single people still make up the largest share of renter households,
according to the report
, single family homes comprised more than half of the growth in renters in 2004-2013. Single family home renters are more likely to be middle-aged, married couples with children, as well as married couples without children and single-parent families.
The majority of individuals in the Birmingham-Hoover area own their homes--
roughly 64 percent owners compared to 35 percent renters
--but nationally, homeownership rates slid for the 10th consecutive year in 2014, according to the study.
Homeowners across the nation fare better
in terms of cost burdens than renters. On average nationally, homeowner households earned $66,200 in 2013 and spent $1,030 per month on housing costs, including mortgage payments, property taxes, insurance, any homeowner association or condominium fees, and utilities. In the Birmingham-Hoover area, the median income of homeowners is $60,000, where homeowners pay median monthly housing costs of $870.
Homes across the metro area for sale range from as low as $52,000 for a three-bedroom house in Midfield to $5.9 million for a six-bedroom house in Mountain Brook.
We want to know--do you rent or do you own and why?
Respond in the comment section below or email me at [email protected]
Alabama Fair Market Rent for 2021 Accurate Rental Price Data
Alabama (AL) has the 52nd highest rent in the country out of 56 states and territories. The Fair Market Rent in Alabama ranges from $634 for a 2-bedroom apartment in Winston County, AL to $1,002 for a 2-bedroom unit in Birmingham-Hoover, AL HUD Metro FMR Area.
For FY 2021, the Birmingham-Hoover, AL HUD Metro FMR Area (St. Clair County) rent for a studio or efficiency is $817 per month and $1,409 per month to rent a house or an apartment with 4 bedrooms. The average Fair Market Rent for a 2-bedroom home in Alabama is $726 per month.
Click on your region in the list below or on the map to see a more detailed break down of rental prices.
What is Fair Market Rent?
Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Alabama. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more
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$1,387—$3,379 · 1 Bedroom · 2 Bathrooms
$1,805—$2,585 · 1 Bedroom · 2 Bathrooms
$1,445 · 3 Bedrooms · 2 Bathrooms
$1,195 · 4 Bedrooms · 2 Bathrooms
$1,385 · 4 Bedrooms · 3 Bathrooms
$1,285 · 3 Bedrooms · 2 Bathrooms
$925 · 2 Bedrooms · 1 Bathroom
$2,066 · 1 Bedroom · 1 Bathroom
$1,898 · 2 Bedrooms · 2 Bathrooms
$1,980 · 1 Bedroom · 1 Bathroom
$1,578 · 1 Bedroom · 1 Bathroom
$2,277 · 1 Bedroom · 1 Bathroom
$1,387—$3,379 · 1 Bedroom · 2 Bathrooms
$1,445 · 3 Bedrooms · 2 Bathrooms
$1,805—$2,585 · 1 Bedroom · 2 Bathrooms
$1,385 · 4 Bedrooms · 3 Bathrooms
$1,285 · 3 Bedrooms · 2 Bathrooms
$925 · 2 Bedrooms · 1 Bathroom
$2,066 · 1 Bedroom · 1 Bathroom
$1,898 · 2 Bedrooms · 2 Bathrooms
$1,195 · 4 Bedrooms · 2 Bathrooms
$1,980 · 1 Bedroom · 1 Bathroom
$1,578 · 1 Bedroom · 1 Bathroom
$2,277 · 1 Bedroom · 1 Bathroom
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Learn moreBirmingham Alabama Residential Rent and Rental Statistics
The median monthly gross residential rent in Birmingham, AL (the Birmingham-Hoover metro area) was $913 in 2019 according to the Census ACS survey.1Average gross rent in Birmingham was $876 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Birmingham median and average rent data will be released in September of 2021.
Data is also available below for Birmingham rental vacancy rates, Birmingham rent as a percent of median income and the fraction of renters in Birmingham.
Show dollars as: NominalReal
Nominal Gross Rent in Birmingham Alabama
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +3.69% | +11.82% |
| Alabama Median Gross Rent | $807 | +2.41% | +8.61% |
| Birmingham, AL Median Gross Rent | $913 | +2.35% | +10.13% |
Birmingham, AL Nominal Gross Rent Trends
At $913, nominal median gross rent in Birmingham was at its highest level in 2019 since the series began in 2005. At $876, nominal average gross rent in Birmingham was at its highest level in 2019 since the series began in 2005.
Nominal Gross Rent in Birmingham Alabama: Birmingham AL Median, Birmingham AL Average, Alabama Median, US Median
Nominal Gross Rent History for Birmingham
| Date | US Median | Alabama Median | Birmingham, AL Median | Birmingham, AL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $807 | $913 | $876 |
| 2018 | $1,058 | $788 | $892 | $858 |
| 2017 | $1,012 | $750 | $842 | $820 |
| 2016 | $981 | $743 | $829 | $797 |
| 2015 | $959 | $729 | $809 | $775 |
| 2014 | $934 | $717 | $797 | $781 |
| 2013 | $905 | $694 | $787 | $778 |
| 2012 | $884 | $689 | $758 | $734 |
| 2011 | $871 | $687 | $753 | $736 |
| 2010 | $855 | $667 | $749 | $732 |
| 2009 | $842 | $657 | $758 | $715 |
| 2008 | $824 | $631 | $717 | $699 |
| 2007 | $789 | $601 | $680 | $659 |
| 2006 | $763 | $573 | $652 | $619 |
| 2005 | $728 | $535 | $644 | $591 |
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Real Gross Rent in Birmingham Alabama (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Alabama Median Gross Rent | $807 | +0.62% | +3.73% |
| Birmingham, AL Median Gross Rent | $913 | +0.55% | +5.18% |
Birmingham, AL Real Gross Rent Trends
At $913, real median gross rent in Birmingham was at its highest level in 2019 since the series began in 2005. At $876, real average gross rent in Birmingham was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Birmingham: Birmingham AL Median, Birmingham AL Average, Alabama Median, US Median
Real Gross Rent History for Birmingham
| Date | US Median | Alabama Median | Birmingham, AL Median | Birmingham, AL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $807 | $913 | $876 |
| 2018 | $1,077 | $802 | $908 | $874 |
| 2017 | $1,043 | $773 | $868 | $845 |
| 2016 | $1,027 | $778 | $868 | $835 |
| 2015 | $1,017 | $773 | $858 | $822 |
| 2014 | $986 | $757 | $841 | $825 |
| 2013 | $953 | $731 | $829 | $819 |
| 2012 | $940 | $733 | $806 | $781 |
| 2011 | $941 | $742 | $813 | $795 |
| 2010 | $955 | $745 | $837 | $818 |
| 2009 | $960 | $749 | $864 | $815 |
| 2008 | $976 | $747 | $849 | $828 |
| 2007 | $927 | $706 | $799 | $774 |
| 2006 | $937 | $704 | $801 | $760 |
| 2005 | $910 | $669 | $805 | $739 |
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Birmingham Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3In 2019 the rental vacancy rate for Birmingham Alabama was 8.50% according to Census ACS data.
Rental Vacancy Rate in Birmingham Alabama
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Alabama | 9.69% | -0.37% | -0.65% |
| Birmingham, AL | 8.50% | -0.93% | -0.82% |
Trends in Birmingham, AL Rental Vacancy Rate
The rental vacancy rate in Birmingham peaked in 2009 at 11.75%. Since then it has fallen by 3.25% to 8.50%. Data records for this series originated in 2005. From a 2015 post peak low of 7.09%, the rental vacancy rate has increased by 1.41%.
Rental Vacancy Rate: Birmingham AL, Alabama, US
Historical Rental Vacancy Rate data for Birmingham
| Date | US | Alabama | Birmingham, AL |
|---|---|---|---|
| 2019 | 5.97% | 9.69% | 8.50% |
| 2018 | 6.15% | 10.06% | 9.43% |
| 2017 | 6.18% | 10.99% | 7.88% |
| 2016 | 5.89% | 10.34% | 9.32% |
| 2015 | 5.85% | 9.72% | 7.09% |
| 2014 | 6.32% | 10.37% | 7.50% |
| 2013 | 6.49% | 9.17% | 7.34% |
| 2012 | 6.77% | 7.79% | 9.26% |
| 2011 | 7.40% | 8.30% | 7.15% |
| 2010 | 8.17% | 9.64% | 8.77% |
| 2009 | 8.43% | 10.33% | 11.75% |
| 2008 | 7.86% | 9.73% | 9.29% |
| 2007 | 7.87% | 9.25% | 9.38% |
| 2006 | 7.70% | 8.72% | 9.30% |
| 2005 | 7.74% | 9.21% | 8.50% |
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Rent as a Fraction of Income
Using median household income data for Birmingham, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Birmingham, median monthly gross rent as a fraction of median household income was 18.77% in 2019 according to the ACS.
Birmingham Alabama Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Alabama | 18.72% | -0.25% | -0.56% |
| Birmingham, AL | 18.77% | -0.20% | -0.28% |
Trends in Birmingham, AL Rent as a Fraction of Income
The fraction of median Birmingham household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.33%. Since then it has fallen by 1.56% to 18.77%.
Fraction of Income towards Rent: Birmingham AL, Alabama, US
Historical Data for Annual Rent as a Fraction of Income in Birmingham Alabama
| Date | US | Alabama | Birmingham, AL |
|---|---|---|---|
| 2019 | 20.03% | 18.72% | 18.77% |
| 2018 | 20.50% | 18.96% | 18.98% |
| 2017 | 20.13% | 18.70% | 19.03% |
| 2016 | 20.43% | 19.27% | 19.05% |
| 2015 | 20.63% | 19.54% | 18.87% |
| 2014 | 20.89% | 20.09% | 20.33% |
| 2013 | 20.78% | 19.44% | 19.54% |
| 2012 | 20.65% | 19.89% | 19.45% |
| 2011 | 20.70% | 19.91% | 19.80% |
| 2010 | 20.50% | 19.78% | 20.33% |
| 2009 | 20.12% | 19.47% | 20.27% |
| 2008 | 19.00% | 17.75% | 17.45% |
| 2007 | 18.66% | 17.78% | 17.29% |
| 2006 | 18.90% | 17.73% | 17.57% |
| 2005 | 18.89% | 17.41% | 17.64% |
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Renter Fraction in Birmingham Alabama
You can calculate the renter fraction in Birmingham in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Birmingham as a fraction of total Birmingham households. In 2019 32.28% of households were renters according to Census ACS data.
Birmingham Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Alabama | 31.22% | -0.74% | -0.33% |
| Birmingham, AL | 32.28% | +1.57% | +1.71% |
Trends in the Birmingham, AL Renter Fraction
The Birmingham household renter fraction peaked in in 2014 at 32.50% and is now 0.22% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Birmingham AL, Alabama, US
History of Birmingham Renter Fraction
| Date | US | Alabama | Birmingham, AL |
|---|---|---|---|
| 2019 | 35.89% | 31.22% | 32.28% |
| 2018 | 36.05% | 31.96% | 30.71% |
| 2017 | 36.13% | 31.95% | 32.02% |
| 2016 | 36.88% | 31.55% | 30.57% |
| 2015 | 36.97% | 32.11% | 31.07% |
| 2014 | 36.90% | 32.32% | 32.50% |
| 2013 | 36.50% | 31.96% | 31.12% |
| 2012 | 36.09% | 31.25% | 30.57% |
| 2011 | 35.42% | 30.11% | 29.98% |
| 2010 | 34.65% | 29.88% | 29.30% |
| 2009 | 34.13% | 30.42% | 29.53% |
| 2008 | 33.36% | 29.01% | 28.08% |
| 2007 | 32.80% | 29.10% | 27.82% |
| 2006 | 32.73% | 28.22% | 26.64% |
| 2005 | 33.10% | 29.48% | 28.45% |
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Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Rent by State
Alabama Metro Rent
Alabama County Rent
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Alabama in birmingham average rent
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