Leeds, Birmingham, AL—35243
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leeds, Birmingham, AL
As of Oct '25, the median home price in Leeds, Birmingham, AL is $563,000, with a year-over-year change of 3.3%. This indicates that home prices in Leeds, Birmingham, AL are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $563,000 | 3.3% |
| Single Family | $579,000 | 3.9% |
| Condos | $257,000 | 0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $281,000 | -0.4% |
3 Bed | $433,000 | 2.9% |
4 Bed | $687,000 | 4.4% |
| 5 Bed | $1,016,000 | 4.1% |
% of Housing Stock
Rental Trends — Leeds, Birmingham, AL
As of July '25, Rentcast reports the average rent in Leeds, Birmingham, AL is $2,600, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Leeds, Birmingham, AL is 1-bedrooms: $1,290, 2-bedrooms: $2,620, 3-bedrooms: $2,720, 4-bedrooms: $3,100. The most common rental property sizes in Leeds, Birmingham, AL are 2-bedroom and 1-bedroom, accounting for 40.9% and 39.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,360 | $1,290 |
| 2 Bed Rent | $2,800 | $2,620 |
| 3 Bed Rent | $2,500 | $2,720 |
| 4 Bed Rent | $2,600 | $3,100 |
% of Rental Stock
Property Listings — Leeds, Birmingham, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Leeds, Birmingham, AL is 62. This is a increase of 46.0% 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 | $575,000 | -1.0% |
Listing Count | 76 | 36.0% |
| Listings as % of Homes | 0.4% | 36.0% |
Days on Market | 62 | 46.0% |
Demographics — Leeds, Birmingham, AL
As of the latest ACS Survey released in 2023, Leeds, Birmingham, AL has a population of 17,800, which has increased by 3.0% over the past 5 years. Leeds, Birmingham, AL is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 69.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | 3.0% |
% Under 18 | 20.2% | 3.1% |
% Seniors | 20.4% | 17.2% |
% WFH | 13.9% | 124.2% |
% w/ College Degree | 69.6% | -1.0% |
As of the latest ACS Survey released in 2023, Leeds, Birmingham, AL is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Leeds, Birmingham, AL is black, making up 4.9% of the population. Foreign-born residents account for 5.3% of the population in Leeds, Birmingham, AL, and this percentage has increased by 32.5% 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 | 85.4% | -6.4% |
% Black | 4.9% | 44.1% |
% Hispanic | 4.0% | 90.5% |
% Asian | 2.3% | -11.5% |
% Foreign Born | 5.3% | 32.5% |
Mortgage and Risk — Leeds, Birmingham, AL
According to HUD data as of 2023, there were 322 mortgage originations in Leeds, Birmingham, AL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Leeds, Birmingham, AL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 322 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Leeds, Birmingham, AL
As of 2024, the percent of homes in Leeds, Birmingham, AL under the Section 8 program is 0.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Leeds, Birmingham, AL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,360 | $1,530 |
| 2 Bedroom | -$1,110 | $2,800 | $1,690 |
| 3 Bedroom | -$390 | $2,500 | $2,110 |
| 4 Bedroom | -$210 | $2,600 | $2,390 |
Affordability — Leeds, Birmingham, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $563,000 |
| Median Household Income | $99,100 |