Birmingham, AL

Birmingham, AL real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.

Appreciation
: 2.9%/yr.
Rent growth
: 3.2%/yr.
Median cap rate
: 4.7%.
Median IRR
: 5.9%.
Median rental home value
: $157,150.
Median rental rate
: $1,172/mo.
Median property tax
: $1,156/yr.

Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated September 2026.

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ZIP codes in Birmingham, AL

Rental market data for every ZIP code in this metro area.