Market Snapshot
- Median listing price
- $499K
- Median rent
- $1,500/mo
- Days on market
- 305 days
- Gross rental yield
- 3.61%
- STR vs LTR
- $2,570/mo STR · $1,500/mo LTR
The median listing price in Birmingham, AL ZIP 35209 is $499,000 as of June 2026.
The median market rent in Birmingham, AL ZIP 35209 is $1,500/month as of June 2026.
The median days on market in Birmingham, AL ZIP 35209 is 305 days as of June 2026. The market is currently neutral.
At a median list price of $499,000 and a median rent of $1,500/month, the gross rental yield in Birmingham, AL ZIP 35209 is 3.61% as of June 2026.
In Birmingham, AL ZIP 35209, median Airbnb revenue is $2,570/month compared to median long-term rent of $1,500/month as of June 2026.
Birmingham, AL 35209 Real Estate Market Report
ZIP Code: 35209
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
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
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 averaging approximately 6.6% as of June 2026, reflecting a period where rates have remained elevated above 6% throughout the year.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary market indicator, median sold price, is 480,000, which points to the most representative recent sale values and supports an interpretation of modest price appreciation; up price year-over-year trend reinforces this directional signal.
- There is a visible gap between the median listing price of 499,000 and the median sold price of 480,000 that may indicate pricing friction between seller expectations and completed transactions; this suggests sellers should consider market-ready pricing or concessions to improve transaction certainty.
- The median days on market is 305, indicating materially slower sales velocity and prolonged listing periods that may reflect buyer selectivity or property-level issues; slower sales velocity should be factored into pricing and holding-cost assumptions for sellers and investors.
- Financing and broader market context show interest rate pressure at moderate levels, with current 30-year fixed mortgage rates averaging approximately 6.6% as of June 2026; moderate rate pressure, combined with a neutral market temperature and flat rent trends, suggests a balanced market where careful pricing and financing strategy will matter.
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 above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
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, 6.53% rate, 0.6% 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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