35226, Birmingham, AL

Birmingham, AL is a city located in the southeastern region of the United States. The city has a population of over 212,000 and is the largest city in Alabama. The 35226 zip code covers much of Birmingham's eastern side and has a population of over 36,000. Home equity and home prices are important factors to consider when looking at purchasing a home in this area.

According to Zillow, the median home value in Birmingham is $130,700. This figure represents an increase of 5% from 2017 and ranks as the seventh highest median home value among all U.S. cities with populations greater than 100,000 (Zillow). In addition, Zillow reports that the average rent for an apartment in Birmingham is $1,100/month which makes it one of the most affordable cities to live in Alabama (Zillow). These figures indicate that there is strong demand for homes in this area and that homeownership remains an attractive option for many people.

Despite these positive trends, there are some indications that housing prices may not continue to rise at such a rapid pace. For example, according to Trulia ,the average list price for homes sold within the 35226 zip code during 2018 was $142,500 which was up only 1% from 2017 (Trulia). Additionally , Zillow reports that during 2018 there were only 9 sales within this zip code that resulted in an asking price above $200K (Zillow). These data suggest that while housing prices have increased rapidly over recent years, they may not continue to do so indefinitely.