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 hereWhere willrank amongst housing markets for price growth?
Birmingham-Hoover, AL
State
Alabama
Region
South
2021 Population
1,114,262
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 368,225 homes | 76th |
| Home Price | $228,042 | 31st |
| Price Per sqft | $146/sqft | 30th |
| Lot Size | 0.33 acre(s) | 83rd |
| Home Size | 1,517 sqft | 36th |
| 2 Year Price Growth | +17.35% | 31st |
| Demographics | Percentile | |
|---|---|---|
Home Age | 48 years | 38th |
Population Age | 39 years | 42nd |
| Household Size | 2.50 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 | 19th |
| Population Growth Score | 44th |
| Price Growth Score | 45th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
157 / 200 ( 22nd %tile )Top 5 Historical T-RECS Matched Markets
1.
Cincinnati, OH-KY-IN
Year: 2009
Similarity Score: 93
2.
Louisville/Jefferson County, KY-IN
Year: 2011
Similarity Score: 92
3.
Oklahoma City, OK
Year: 2020
Similarity Score: 91
4.
Springfield, MA
Year: 2019
Similarity Score: 90
5.
Little Rock-North Little Rock-Conway, AR
Year: 2018
Similarity Score: 90
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 368,225 homes | 76th |
| Home Price | $228,042 | 31st |
| Price Per sqft | $146/sqft | 30th |
| Lot Size | 0.33 acre(s) | 83rd |
| Home Size | 1,517 sqft | 36th |
| 2 Year Price Growth | +17.35% | 31st |
| Demographics | Percentile | |
|---|---|---|
Home Age | 48 years | 38th |
Population Age | 39 years | 42nd |
| Household Size | 2.50 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 | 19th |
| Population Growth Score | 44th |
| Price Growth Score | 45th |