Shelby Forest, Birmingham, AL—35234
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shelby Forest, Birmingham, AL
As of Oct '25, the median home price in Shelby Forest, Birmingham, AL is $99,000, with a year-over-year change of -1.3%. This indicates that home prices in Shelby Forest, Birmingham, AL are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $99,000 | -1.3% |
| Single Family | $99,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $100,000 | 7.5% |
3 Bed | $89,000 | -2.2% |
4 Bed | $110,000 | 2.8% |
| 5 Bed | $162,000 | 13.3% |
% of Housing Stock
Rental Trends — Shelby Forest, Birmingham, AL
As of July '25, Rentcast reports the average rent in Shelby Forest, Birmingham, AL is $952, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Shelby Forest, Birmingham, AL is 2-bedrooms: $843, 3-bedrooms: $1,320, 4-bedrooms: $1,400. The most common rental property sizes in Shelby Forest, Birmingham, AL are 2-bedroom and 3-bedroom, accounting for 63.5% and 18.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $952 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $875 | $843 |
| 3 Bed Rent | $1,300 | $1,320 |
| 4 Bed Rent | $1,350 | $1,400 |
% of Rental Stock
Property Listings — Shelby Forest, Birmingham, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Shelby Forest, Birmingham, AL is 93. This is a increase of 2.0% 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 | $144,000 | -13.0% |
Listing Count | 33 | -2.0% |
| Listings as % of Homes | 0.7% | -2.0% |
Days on Market | 93 | 2.0% |
Demographics — Shelby Forest, Birmingham, AL
As of the latest ACS Survey released in 2023, Shelby Forest, Birmingham, AL has a population of 3,830, which has decreased by -29.8% over the past 5 years. Shelby Forest, Birmingham, AL is a less popular place for families, as children make up 12.1% of the population. The area has a poorly educated workforce, with 12.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,830 | -29.8% |
% Under 18 | 12.1% | -12.3% |
% Seniors | 22.6% | 18.9% |
% WFH | 2.5% | 212.5% |
% w/ College Degree | 12.2% | 34.1% |
As of the latest ACS Survey released in 2023, Shelby Forest, Birmingham, AL is a predominantly black area, with 80.6% of the population identifying as black. The black population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Shelby Forest, Birmingham, AL is white, making up 15.1% of the population. Foreign-born residents account for 1.2% of the population in Shelby Forest, Birmingham, AL, and this percentage has increased by 20.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 15.1% | 51.0% |
% Black | 80.6% | -8.3% |
% Hispanic | 2.9% | 93.3% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 1.2% | 20.0% |
Mortgage and Risk — Shelby Forest, Birmingham, AL
According to HUD data as of 2023, there were 38 mortgage originations in Shelby Forest, Birmingham, AL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Shelby Forest, Birmingham, AL. Investor activity is high, as 21.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 38 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 21.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Shelby Forest, Birmingham, AL
Shelby Forest, Birmingham, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 137 |
Total Units Section 8 | 135 |
% Rentals under Section 8 | 17.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | $255 | $875 | $1,130 |
| 3 Bedroom | $120 | $1,300 | $1,420 |
| 4 Bedroom | $230 | $1,350 | $1,580 |
Affordability — Shelby Forest, Birmingham, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $99,000 |
| Median Household Income | $23,800 |