Market Snapshot
- Median listing price
- $105K
- Median rent
- $900/mo
- Days on market
- 39 days
- Gross rental yield
- 10.33%
- STR vs LTR
- $2,147/mo STR · $900/mo LTR
The median listing price in Birmingham, AL ZIP 35204 is $104,500 as of October 2026.
The median market rent in Birmingham, AL ZIP 35204 is $900/month as of October 2026.
The median days on market in Birmingham, AL ZIP 35204 is 39 days as of October 2026. The market is currently neutral.
At a median list price of $104,500 and a median rent of $900/month, the gross rental yield in Birmingham, AL ZIP 35204 is 10.33% as of October 2026.
In Birmingham, AL ZIP 35204, median Airbnb revenue is $2,147/month compared to median long-term rent of $900/month as of October 2026.
Birmingham, AL 35204 Real Estate Market Report
ZIP Code: 35204
Report Date: October 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.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Birmingham, AL are 7.28% compared to the 6.34% average observed earlier in 2026, indicating that property owners who secured loans earlier this year locked in more favorable borrowing costs.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market signal is the $82,000 median sold price, which anchors recent transaction activity and suggests that actual market value is below asking levels in some listings; this gap may indicate pricing friction between seller expectations and closed sales.
- The $104,500 median listing price sits notably above the median sold price, highlighting a divergence between asking and transaction prices that appears to pressure sellers to adjust pricing or terms.
- With a 39 median days on market, sales velocity is moderate and implies slower transaction turnover than in hotter cycles; combined with a neutral market temperature, this suggests a more balanced negotiating environment where buyers have time to assess offers.
- Interest rate conditions are a headwind: elevated interest rate pressure and reported mortgage rates of 7.28% (versus 6.34% earlier in 2026) support cautious buyer activity, while rent trends remain flat and the $900 median market rent offers limited offset for higher financing costs.
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.
Quick sale indicating strong buyer demand and competitive market conditions.
Sold above market average
Sold above market average
Sold above market average
Sold below market average
Sold below market average
Below-market acquisition. Investor purchase with value-add potential through renovation.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 7.28% rate, 1.1% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 10/1/2026
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