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T-RECS
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Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.

Read more about our T-RECS model here
Where will
rank amongst housing markets for price growth?

Birmingham-Hoover, AL
State
Alabama
Region
South
2021 Population
1,114,262
Map location of Birmingham-Hoover, AL
Market Details
Percentile
Housing Population368,252 homes
76th
Home Price$233,025
31st
Price Per sqft$149/sqft
31st
Lot Size0.33 acre(s)
83rd
Home Size1,519 sqft
31st
2 Year Price Growth+16.75%
35th
Demographics
Percentile
Home Age
49 years
35th
Population Age
39 years
42nd
Household Size2.50 people
61st
Economics
Percentile
Household Income$60,725
34th
2 Year Household Income Growth+4.04%
30th
Unemployment Rate
4.90%
71st
2 Year Unemployment Rate Difference
+0.40%
76th
ResiShares Market Factors
Percentile
Economic Growth Score
32nd
Population Growth Score
52nd
Price Growth Score
41st
Projected Annual Growth Percentile

Across the top 200 markets by population

3 Year Projected Rank:

187 / 200 ( 7th %tile )
Top 5 Historical T-RECS Matched Markets

1.

Louisville/Jefferson County, KY-IN

Year: 2012

Similarity Score: 93

2.

Cincinnati, OH-KY-IN

Year: 2009

Similarity Score: 92

3.

Springfield, MA

Year: 2020

Similarity Score: 92

4.

Indianapolis-Carmel-Anderson, IN

Year: 2010

Similarity Score: 92

5.

Oklahoma City, OK

Year: 2020

Similarity Score: 91

Market Details
Percentile
Housing Population368,252 homes
76th
Home Price$233,025
31st
Price Per sqft$149/sqft
31st
Lot Size0.33 acre(s)
83rd
Home Size1,519 sqft
31st
2 Year Price Growth+16.75%
35th
Demographics
Percentile
Home Age
49 years
35th
Population Age
39 years
42nd
Household Size2.50 people
61st
Economics
Percentile
Household Income$60,725
34th
2 Year Household Income Growth+4.04%
30th
Unemployment Rate
4.90%
71st
2 Year Unemployment Rate Difference
+0.40%
76th
ResiShares Market Factors
Percentile
Economic Growth Score
32nd
Population Growth Score
52nd
Price Growth Score
41st