T-RECS
powered by ResiShares
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 | 340,684 homes | 77th |
| Home Price | $225,486 | 23rd |
| Price Per sqft | $146/sqft | 24th |
| Lot Size | 0.34 acre(s) | 83rd |
| Home Size | 1,536 sqft | 30th |
| 2 Year Price Growth | +16.63% | 66th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 50 years | 33rd |
Population Age | 0 years | 46th |
| Household Size | 2.45 people | 56th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $67,242 | 41st |
| 2 Year Household Income Growth | +12.93% | 70th |
Unemployment Rate | 3.40% | 75th |
2 Year Unemployment Rate Difference | -1.30% | 63rd |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 73rd |
| Population Growth Score | 58th |
| Price Growth Score | 63rd |
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.
Greensboro-High Point, NC
Year: 2017
Similarity Score: 91
2.
Indianapolis-Carmel-Anderson, IN
Year: 2019
Similarity Score: 91
3.
Cincinnati, OH-KY-IN
Year: 2018
Similarity Score: 91
4.
Kansas City, MO-KS
Year: 2020
Similarity Score: 91
5.
Grand Rapids-Kentwood, MI
Year: 2016
Similarity Score: 90
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 340,684 homes | 77th |
| Home Price | $225,486 | 23rd |
| Price Per sqft | $146/sqft | 24th |
| Lot Size | 0.34 acre(s) | 83rd |
| Home Size | 1,536 sqft | 30th |
| 2 Year Price Growth | +16.63% | 66th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 50 years | 33rd |
Population Age | 0 years | 46th |
| Household Size | 2.45 people | 56th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $67,242 | 41st |
| 2 Year Household Income Growth | +12.93% | 70th |
Unemployment Rate | 3.40% | 75th |
2 Year Unemployment Rate Difference | -1.30% | 63rd |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 73rd |
| Population Growth Score | 58th |
| Price Growth Score | 63rd |