Neighborhood/Housing

Springville HomeThe Birmingham region is home to a variety of homes, architectural designs and neighborhoods that suit every budget and personal taste. There are homes in downtown, historic urban neighborhoods, and the suburbs. City dwelling means residing in one of Birmingham’s historic 99 neighborhood subdivisions, each with its own neighborhood association that falls under the city’s nine city council districts. In the suburbs, residents have a variety of residences to choose from including estate lots, town homes, apartments and sprawling mansions.

Whatever the preference, Birmingham is a wonderfully diverse city whose metropolitan area features something for everyone. Although it is one of the 60 largest metropolitan areas in the country, Birmingham has not grown too large to enjoy. A recent survey by the accounting firm, Ernst & Young, ranked Birmingham as the eighth most affordable housing market among 70 metropolitan areas. U.S. News & World Report ranked Birmingham as one of the top 25 cities where homeowners fare best.

Here is a list of other cities in the region linking to its neighborhoods, housing or residents:

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Apartments

Good apartments can be found in almost any part of the metro area. The choice of style is as varied as the rental price and size. Prices can range from $250 a month to $1,000 depending upon the location and amenities. For more information about apartments for rent in the Birmingham region, visit our member directory.

Homes for Sale

Here is the current 2008 Forecast for the Alabama market from the University of Alabama Real Estate Research and Education Center.

"The Center for Business and Economic Research (CBER) at the University of Alabama has forecasted modest economic growth of 2.0 percent for Alabama in 2008 which represents a modest decline from 2.3 percent recorded in 2007. The Center also anticipates that 18,000 new jobs will be added in the coming year. CBER further emphasizes that the Alabama economy will face the same challenges as the rest of the nation -- high energy prices, a credit crunch, more cautious consumer and business spending. However, according to CBER, the state should weather these challenges better than many state economies. Recent diversification, continued job growth, and ongoing industry recruitment and workforce development will complement more solid fundamentals in housing and credit conditions than are seen in many states."


For more information about homes for sale in the Birmingham region, visit member directory.

House Sales

Date No. Sales Average Price Median Price
Feb. 09 725 171,062 130,000
January 564 151,584 129,900
Dec. 08 798 174,968 139,900
November 603 179,837 139,900
October 826 168,073 132,000
September 1,172 182,955 155,500
August 1,146 189,587 150,300
July 1,207 202,882 165,000
June 1,253 195,504 164,400
May 1,277 205,371 172,400
April 1,154 195,740 156,000
March 1,162 195,950 159,900
February 979 178,600 152,500
January 877 192,152 152,500

 

2007

Date No. Average Median
2007 Sales Price Price
December 1,171 193,067 160,000
November 1,183 193,391 158,000
October 1,180 190,609 153,000
September 1,283 204,112 164,200
August 1,690 193,646 159,900
July 1,652 212,476 169,400
June 1,929 207,856 170,000
May 1,836 202,800 164,275
April 1,581 195,379 155,000
March 1,647 193,800 158,000
February 1,250 186,311 152,200
January 1,074 205,438 160,000

 

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