East Lake, Birmingham, AL—35203
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Lake, Birmingham, AL
As of Oct '25, the median home price in East Lake, Birmingham, AL is $327,000, with a year-over-year change of -2.6%. This indicates that home prices in East Lake, Birmingham, AL are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | -2.6% |
| Single Family | N/A | N/A |
| Condos | $313,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $264,000 | -2.6% |
2 Bed | $354,000 | -3.3% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Lake, Birmingham, AL
As of July '25, Rentcast reports the average rent in East Lake, Birmingham, AL is $2,080, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in East Lake, Birmingham, AL is studios: $1,150, 1-bedrooms: $1,790, 2-bedrooms: $2,360, 3-bedrooms: $2,620, 4-bedrooms: $5,500. The most common rental property sizes in East Lake, Birmingham, AL are 2-bedroom and 1-bedroom, accounting for 38.1% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $2,080 |
| Studio Rent | $1,050 | $1,150 |
| 1 Bed Rent | $1,780 | $1,790 |
| 2 Bed Rent | $2,300 | $2,360 |
| 3 Bed Rent | $2,500 | $2,620 |
| 4 Bed Rent | $5,500 | $5,500 |
% of Rental Stock
Property Listings — East Lake, Birmingham, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in East Lake, Birmingham, AL is 102. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -3.0% |
Listing Count | 45 | 62.0% |
| Listings as % of Homes | 0.7% | 62.0% |
Days on Market | 102 | 5.0% |
Demographics — East Lake, Birmingham, AL
As of the latest ACS Survey released in 2023, East Lake, Birmingham, AL has a population of 3,300, which has increased by 10.2% over the past 5 years. East Lake, Birmingham, AL is a less popular place for families, as children make up 5.6% of the population. The area has a moderately educated workforce, with 40.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,300 | 10.2% |
% Under 18 | 5.6% | 12.0% |
% Seniors | 11.5% | -21.2% |
% WFH | 4.8% | 17.1% |
% w/ College Degree | 40.9% | 64.3% |
As of the latest ACS Survey released in 2023, East Lake, Birmingham, AL is a predominantly black area, with 48.6% of the population identifying as black. The black population has shrunk by 15.9% in the last 5 years. The second most common race or ethnicity in East Lake, Birmingham, AL is white, making up 42.6% of the population. Foreign-born residents account for 1.5% of the population in East Lake, Birmingham, AL, and this percentage has decreased by 6.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 42.6% | 10.4% |
% Black | 48.6% | -15.9% |
% Hispanic | 6.1% | 335.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.5% | -6.2% |
Mortgage and Risk — East Lake, Birmingham, AL
According to HUD data as of 2023, there were 38 mortgage originations in East Lake, Birmingham, AL, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in East Lake, Birmingham, AL. Investor activity is low, as 5.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 38 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 5.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — East Lake, Birmingham, AL
As of 2024, the percent of homes in East Lake, Birmingham, AL under the Section 8 program is 35.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In East Lake, Birmingham, AL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 691 |
Total Units Section 8 | 451 |
% Rentals under Section 8 | 35.4% |
% Occupied Section 8 | 74.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$780 | $1,780 | $1,000 |
| 2 Bedroom | -$1,170 | $2,300 | $1,130 |
| 3 Bedroom | -$1,080 | $2,500 | $1,420 |
| 4 Bedroom | -$3,920 | $5,500 | $1,580 |
Affordability — East Lake, Birmingham, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $327,000 |
| Median Household Income | $46,800 |