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Leeds, Birmingham, AL—35243

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$556,000
3.7% YoY Growth
Household Income
$99,100
19.4% YoY Growth
Days on Market
58
5.0% Longer YoY
Home Price Forecast
0.3%
Median Rent
$2,450
1.6% YoY Growth
1-Bed Rent
$1,360
51.0% YoY Growth
2-Bed Rent
$2,800
15.9% YoY Growth
3-Bed Rent
$2,500
2.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Leeds, Birmingham, AL

As of Dec '25, the median home price in Leeds, Birmingham, AL is $556,000, with a year-over-year change of 3.7%. This indicates that home prices in Leeds, Birmingham, AL are increasing. 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 TypeMedian Home ValueYoY % Change
All Homes
$556,0003.7%
Single Family $571,0004.0%
Condos $253,0000.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$278,000-0.4%
    3 Bed
    		$430,0002.9%
    4 Bed
    		$677,0004.3%
    5 Bed $1,001,3113.9%
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    % of Housing Stock

    Studio
    3.1%
    1 Bedroom
    19.9%
    2 Bedrooms
    23.3%
    3 Bedrooms
    27.7%
    4 Bedrooms
    18.0%
    5+ Bedrooms
    8.0%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,450$2,600
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    5.8%
    1 Bedroom
    39.5%
    2 Bedrooms
    40.9%
    3 Bedrooms
    12.4%
    4 Bedrooms
    0.5%
    5+ Bedrooms
    0.9%

    Property Listings — Leeds, Birmingham, AL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Leeds, Birmingham, AL is 61. This is a increase of 27.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$577,000-15.0%
    Listing Count
    		5331.0%
    Listings as % of Homes0.4%31.0%
    Days on Market
    		585.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		17,8003.0%
    % Under 18
    		20.2%3.1%
    % Seniors
    		20.4%17.2%
    % WFH
    		13.9%124.2%
    % w/ College Degree
    		69.6%-1.0%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.1
    Median Home Price$556,000
    Median Household Income$99,100

    Leeds, Birmingham, AL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Mountain Brook, AL

    35223

    Vestavia Hills, AL

    35216

    Windsor Highlands

    35229

    Mountain Brook, AL

    35213

    Pelham, Birmingham, AL

    35242

    Frequently Asked Questions