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Birmingham, AL Real Estate


According to census data in the year 2000 there were 112,229 housing units in Birmingham. This represents a 4.6% decline from 117,691 in 1990.

Of those housing units, 111,613 were located in either urbanized areas or urban clusters, and 616 were located in what is classified as a rural area.

Homeownership rate in Birmingham is about 53.5%. Birmingham's vacancy rate, including seasonal lodging, is about 11.8%. Average household size is 2.37 people.

The majority of houses, apartments or condos in Birmingham were built after 1961.

Statistics

Housing Size

Housing Units by Size
Studio Type2.40%
One Bedroom15.60%
Two Bedrooms36.30%
Three Bedrooms37%
Four Bedrooms7.10%
Five Bedrooms or more1.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1957
Median Value of occupied units$62,100
Median Price asked for vacant units$46,800

Rented Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1965
Median Monthly Rent asked for vacant units$348

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage7.50%
Home Equity Loan5.80%
Simple Mortgage51.90%
Debt Free34.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.8%