Market Snapshot
- Median listing price
- $570K
- Median rent
- $2,300/mo
- Days on market
- 152 days
- Gross rental yield
- 4.84%
- STR vs LTR
- $2,439/mo STR · $2,300/mo LTR
The median listing price in Birmingham, AL ZIP 35244 is $570,000 as of May 2026.
The median market rent in Birmingham, AL ZIP 35244 is $2,300/month as of May 2026.
The median days on market in Birmingham, AL ZIP 35244 is 152 days as of May 2026. The market is currently neutral.
At a median list price of $570,000 and a median rent of $2,300/month, the gross rental yield in Birmingham, AL ZIP 35244 is 4.84% as of May 2026.
In Birmingham, AL ZIP 35244, median Airbnb revenue is $2,439/month compared to median long-term rent of $2,300/month as of May 2026.
Birmingham, AL 35244 Real Estate Market Report
ZIP Code: 35244
Report Date: May 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 averaging approximately 6.58%, reflecting a market environment where rates have remained elevated throughout 2026 compared to historical lows.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price: $451,000 is the primary indicator of market value and recent transactions in ZIP 35244; this level, combined with a broadly up price year-over-year trend, suggests ongoing price appreciation supported by local economic diversification into healthcare and services.
- There is a significant gap between median listing price: $570,000 and median sold price: $451,000, which may indicate seller pricing optimism and pricing friction that buyers are negotiating through rather than immediately accepting.
- With a median days on market: 152, transaction velocity appears slower than typical fast-turn markets; this longer market exposure suggests moderate sales velocity and may require targeted marketing or price adjustments to accelerate closings.
- Rental and financing context: median market rent: $2,300 and median price per square foot: $198 coexist with rising rents and an elevated mortgage rate environment (≈6.58% 30‑year average), implying financing cost sensitivity for owner-occupiers and investors while rent growth remains a positive backdrop.
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, 6.37% 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: 5/13/2026
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