Thinking about moving to Birmingham?
You’re in luck. Birmingham is in the middle of a renaissance, with new restaurants, bars and breweries emerging all over the city.
Birmingham Population
Birmingham is home to 212,157 Birminghamians. With an area of 146.1 square miles, Birmingham has a population density of 1,452 persons per square mile, which makes it less dense than many other cities of comparable size.
The Birmingham-Hoover, AL Metropolitan Statistical Area boasts a population of 1,147,417 people, of which Birmingham proper’s population makes up 18%.
Birmingham Housing Market
Affordable housing is one of best things Birmingham has going for it. The median home value in Birmingham is $62,600, -69% below the US median value, according to Zillow. The median price per square foot in Birmingham is $50. Over the past 5 years, home values in Birmingham have increased by 1%.
Renters in Birmingham will also have an easy time finding affordable housing. The median rent in Birmingham is $750 per month, which is 48% lower than the US median. Over the past year, rental rates in Birmingham have decreased by 0.8%.
Birmingham Economy
The Birmingham area economy is growing strong. The Birmingham metro area’s GDP grew by 15% between 2011 and 2016, from $54.4 billion in 2011 to $62.7 billion in 2016, a total increase of $8.3 billion. The metro area has a per capita GDP of $54,695. According to the US Census Bureau, the median household income in Birmingham is $49,260, 17% lower than the national median. Birmingham’s unemployment rate is 4.7%.
