Location: Birmingham-Hoover, AL | Metro: Birmingham-Hoover, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
The classification of ZIP 35219 in Birmingham, AL, on the yield and stability axes is driven by specific figures. For yield, the Fair Market Rent (FMR) for FY 2024 is set at $1240. However, the median home price in August 2025 was $308,000, indicating a challenging balance between rental income and investment costs. The median sale price has seen a decline of 5.2% since the previous year, suggesting a less volatile but potentially less profitable market.
Regarding stability, while the data does not provide the percentage of renters or the average number of days on the market (DOM), it shows that homes sold for 8.5% under their list price and had an average DOM of 56 days. These figures suggest a somewhat stable market where properties are not staying on the market for extended periods, but there is also a slight discount on asking prices, which could indicate a buyer's market.
Based on these figures, ZIP 35219 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The FMR of $1240 provides a consistent baseline for rental income, while the recent sales data suggests a market that rewards patience and persistence over quick flips. Investors should focus on long-term strategies to maximize returns given the current market conditions.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.