Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Birmingham, AL

Housing in Birmingham, AL: Rent, Home Prices & Property Tax

$1,106/mo (1 bd) in Birmingham. Median home $226,200. Property tax 0.41%.

Compare vs Chicago Rank metros from BirminghamHow we figure this

Rent (1 bd): $1,106; /mo
Buy: $1,428; Mortgage, tax, insurance
Buying costs more: $322; /mo

State tax and rent

To buy

20% down payment$45,240
Mortgage at 6.5%$1,144
Property tax (0.41% of value)$77/mo · $927/yr
Insurance and upkeep$207
Monthly total$1,428

45.9% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,365 left each month. About 20 months (1.7 years) to save $45,240.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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