Housing Report for Birmingham-Hoover
The residential home values in Birmingham-Hoover, Alabama have experienced moderate increases from the housing values in 2000. The residential values have increased by $18,800, or 18.9 percent, from their 2000 median values of $99,400.
Birmingham-Hoover had a median home value in the year 2005 of $118,200, published by the American Community Survey. This home value is greater than the overall Alabama 2005 median home value of $97,500 and less than median home value of $167,500 for the United States in the same year.
When comparing areas across the State of Alabama, Birmingham-Hoover is positioned 4 of the 11 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 197 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.
In Birmingham-Hoover, there were a total of 484,775 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding a total of 22,481 residential units since 2001, or 4.9 percent.
Birmingham-Hoover can be understood as having a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey reports that 3.5 percent of the houses were valued over a half a million dollars.
It can be understood that there is a large amount of housing that is affordable in Birmingham-Hoover, Alabama. In 2005, 52.9 percent of the homes were valued under $125,000.
Data Source: U.S. Census Bureau
Birmingham-Hoover had a median home value in the year 2005 of $118,200, published by the American Community Survey. This home value is greater than the overall Alabama 2005 median home value of $97,500 and less than median home value of $167,500 for the United States in the same year.
When comparing areas across the State of Alabama, Birmingham-Hoover is positioned 4 of the 11 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 197 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.
In Birmingham-Hoover, there were a total of 484,775 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding a total of 22,481 residential units since 2001, or 4.9 percent.
Birmingham-Hoover can be understood as having a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey reports that 3.5 percent of the houses were valued over a half a million dollars.
It can be understood that there is a large amount of housing that is affordable in Birmingham-Hoover, Alabama. In 2005, 52.9 percent of the homes were valued under $125,000.
Data Source: U.S. Census Bureau
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