Market Snapshot
- Median listing price
- $113K
- Median rent
- $995/mo
- Days on market
- 248 days
- Gross rental yield
- 10.61%
- STR vs LTR
- $1,480/mo STR · $995/mo LTR
The median listing price in Birmingham, AL ZIP 35204 is $112,500 as of June 2026.
The median market rent in Birmingham, AL ZIP 35204 is $995/month as of June 2026.
The median days on market in Birmingham, AL ZIP 35204 is 248 days as of June 2026. The market is currently neutral.
At a median list price of $112,500 and a median rent of $995/month, the gross rental yield in Birmingham, AL ZIP 35204 is 10.61% as of June 2026.
In Birmingham, AL ZIP 35204, median Airbnb revenue is $1,480/month compared to median long-term rent of $995/month as of June 2026.
Birmingham, AL 35204 Real Estate Market Report
ZIP Code: 35204
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
- The primary market-value signal is the median sold price of 72,000, which represents the most reliable indicator of recent transaction activity and suggests that realized sales are tracking materially below asking levels in this sample given the median listing price of 112,500; this gap may indicate pricing friction or seller expectations that have not fully reset to recent transaction levels.
- The median days on market of 248 points to slower sales velocity, which, combined with the price gap between sold and listed prices, suggests that properties may require longer exposure or price adjustment to reach buyers in this market.
- Market-wide directional indicators are mixed: price year-over-year trend is up (rising) while market temperature is neutral (balanced), implying modest appreciation momentum but overall balanced buyer–seller dynamics rather than a one-sided market.
- Macro headwinds include interest rate pressure described as elevated (elevated), even as rent year-over-year trend is up and the median market rent sits at 995, which may sustain investor and rental demand despite slower transaction velocity.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Sold at market average
Sold above market average
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.50% rate, 1.0% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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