1031 Exchange Birmingham, Alabama

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Birmingham due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Birmingham, Alabama is a part of the Birmingham-Hoover, AL metropolitan area, and contains 61 zip codes, including: 35253, 35259, 35202, 35260, 35226, and 35208.

Birmingham Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Birmingham, AL metropolitan area was $895, which is 16.54% lower than 2014 average rent. This represents a compounded annual growth rate of 3.11%. 2019 vacancy in Birmingham, AL was 5.60%.

The total population of the city of Birmingham, AL has decreased 1.11% since 2010. As of 2018, the population was 209,880. The median household income of the Birmingham was $35,346, which is 41.38% lower than the national average.

  • metropolitan area Birmingham-Hoover, AL
  • avg rent $895
  • rent growth 16.54%
  • vacancy 5.60%
  • median income $35,346
  • population (2018) 209,880
  • population growth -1.11%
  • vs. nat'l avg 41.38%
  • zip codes 35202 35203 35204 35205 35206 35207 35208 35209 35210 35211 35212 35213 35214 35215 35216 35217 35218 35219 35220 35221 35222 35223 35224 35226 35228 35229 35231 35232 35233 35234 35235 35236 35237 35238 35242 35243 35244 35246 35249 35253 35254 35255 35259 35260 35261 35266 35270 35282 35283 35285 35287 35288 35290 35291 35292 35293 35294 35295 35296 35297 35298

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