Market Snapshot
- Median listing price
- $96K
- Median rent
- $965/mo
- Days on market
- 25 days
- Gross rental yield
- 12.02%
The median listing price in Birmingham, AL ZIP 35217 is $96,300 as of October 2026.
The median market rent in Birmingham, AL ZIP 35217 is $965/month as of October 2026.
The median days on market in Birmingham, AL ZIP 35217 is 25 days as of October 2026. The market is currently cold.
At a median list price of $96,300 and a median rent of $965/month, the gross rental yield in Birmingham, AL ZIP 35217 is 12.02% as of October 2026.
Birmingham, AL 35217 Real Estate Market Report
ZIP Code: 35217
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
Market Trends & Context
Understanding Market Temperature
A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in the 35217 area are 7.28%, reflecting a significant increase compared to the 6.34% average observed one year ago.
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 signal is the median sold price of 87,000, which establishes current transaction-level value and, given the broader price downtrend, suggests sellers may need to align expectations to recent sale prices.
- There is a meaningful gap between the median listing price of 96,300 and the median sold price of 87,000, indicating pricing friction that may permit buyers to negotiate below ask and encourages sellers to price more competitively.
- Slower selling velocity is evidenced by the median days on market of 25, which, combined with the market temperature labeled cold, appears to reflect reduced urgency in transactions and may result in longer negotiation windows.
- Rising rental pressure and financing headwinds—highlighted by the median market rent of 965 and elevated interest rate pressure (current area 30-year fixed at 7.28% vs 6.34% a year ago)—create mixed incentives: rentals strengthening may support investor interest, while higher financing costs may constrain buyer affordability.
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
Quick sale indicating strong buyer demand and competitive market conditions.
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
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, 0.9% 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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