Rent to own Homes in Birmingham, AL
Birmingham is Alabama's largest city. The city was recently named an "All-America City" by the National Civic League, which recognizes cities for their innovation, civic engagement, inclusiveness and collaboration. Birmingham has an interesting history that includes a central role in the 1963 Civil Rights movement and a large iron and steel industry. Today, it is a modern city with a thriving health and finance industry. Birmingham has a population that is a little over 212,000. The median age is 35 years old, reflecting the fact the city has industries and jobs that appeal to young professionals. The city has pushed development projects to revitalize older areas, and these developments have been instrumental in encouraging people to move back into the city.
Birmingham, AL is a great place for affordable rent-to-own homes! With a median household income of over $38,832 and a median rent of $870, the Birmingham, AL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Birmingham, AL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Birmingham, AL Property Resources
Rent to own Homes in Cities Near Birmingham, AL
- Adamsville
- Alabaster
- Argo
- Bessemer
- Birmingham
- Brantleyville
- Brighton
- Brookside
- Center Point
- Chelsea
- Clay
- Columbiana
- County Line
- Dora
- Eagle Point
- Fairfield
- Fultondale
- Grayson Valley
- Graysville
- Harpersville
- Hayden
- Helena
- Highland Lakes
- Hoover
- Hueytown
- Indian Springs Village
- Irondale
- Kimberly
- Lipscomb
- Locust Fork
- Margaret
- Midfield
- Morris
- Mountain Brook
- Mount Olive
- Odenville
- Oneonta
- Pinson
- Quinton
- Remlap
- Shoal Creek
- Smoke Rise
- Sylvan Springs
- Tarrant
- Trafford
- Trussville
- Vandiver
- Warrior
- West Jefferson
- Westover
Neighborhoods in Birmingham, AL
Dolomite rent to own homes East Brownville rent to own homes Grasselli Heights rent to own homes Garden Highlands rent to own homes Germania Park rent to own homes Glen Iris rent to own homes Green Acres rent to own homes Hillman Park rent to own homes Jones Valley rent to own homes Industrial Center rent to own homesBuying a Home in Birmingham, AL
Birmingham, AL is seeing rapid growth and Birmingham, AL's' housing market remains optimal with an average home price that is -55% below the 2024 national average. Birmingham, AL is part of Jefferson county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Jefferson is 0.58% which is below the national average, which is 0.99%.
Median Home Price in Birmingham, AL
Median Rent in Birmingham, AL
Top Reasons to Live in Birmingham AL
Housing Statistics 43 percent of the properties in Birmingham are rented, 41 percent are owned and 16 percent vacant. The median sale price for homes for the past 12 months is approximately $176,000. Most homes fall in the $46,000 to $92,000 range. There are plenty of apartments available in Birmingham, ranging from the converted old homes to brand-new high-rise apartments. In the city center, one-bedroom apartments will cost $800 and up. Outside the city center, there are apartments and homes for rent that cover the price spectrum from $200 to $2,000.
Arts and Culture Birmingham has a tremendous arts and entertainment industry. The annual Sidewalk Film Festival, Artwalk, and many other events are transforming Birmingham's image as a city living in the past into that of a city living in the throes of cultural awareness. Birmingham offers a mosaic of events throughout the year that includes concerts in the Railroad Reservation Park and at the Alys Robinson Stephens Center. Music is heard throughout the city as the Alabama Symphony plays at Jemison Hall, local bands play in nightclubs and coffee houses, and big-name celebrities appear in the Magic City Theater. Visual arts are found at the Alabama Jazz Hall of Fame and the Birmingham Museum of Art. The Museum of Art has permanent collections of African, Asian, American, Native American and European art, ceramics and sculptures. In addition, it regularly hosts interesting, temporary exhibits like the "Who Shot History of Rock and Roll" collection of photographs and "Pompeii - Tales From an Eruption," which showcased artifacts from the ancient civilization.
Tourist Attractions Visitors to Birmingham will find plenty to do because it is filled with attractions. The Birmingham Zoo and Botanical Gardens get avid public support and are delightful attractions promoting environmental sustainability and learning. The brand-new Regions Field baseball stadium, hosting the Birmingham Barons, a minor league baseball team, is next to the equally new Railroad Park -- 19 acres of downtown green space that won the ULI Urban Open Space Award.
Neighborhoods Birmingham has a lot of old, well-established areas in addition to the trendy downtown and a couple of expensive neighborhoods. Most of the recent population growth has occurred in the suburbs and outlying areas. Generally speaking, the east side of downtown is where renters and buyers will find the nicest and trendiest places. These neighborhoods can serve as an introductory guide.