Crestwood, Birmingham, AL—35208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crestwood, Birmingham, AL
As of Oct '25, the median home price in Crestwood, Birmingham, AL is $84,000, with a year-over-year change of -5.1%. This indicates that home prices in Crestwood, Birmingham, AL are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $84,000 | -5.1% |
| Single Family | $84,000 | -5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $63,000 | -6.0% |
3 Bed | $87,000 | -6.5% |
4 Bed | $118,000 | -7.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Crestwood, Birmingham, AL
As of July '25, Rentcast reports the average rent in Crestwood, Birmingham, AL is $1,170, with a year-over-year rent change of 6.4%. Per bedroom, the median rent as of July '25 in Crestwood, Birmingham, AL is 1-bedrooms: $657, 2-bedrooms: $897, 3-bedrooms: $1,170, 4-bedrooms: $1,460. The most common rental property sizes in Crestwood, Birmingham, AL are 2-bedroom and 3-bedroom, accounting for 47.8% and 37.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $657 |
| 2 Bed Rent | $895 | $897 |
| 3 Bed Rent | $1,120 | $1,170 |
| 4 Bed Rent | $1,450 | $1,460 |
% of Rental Stock
Property Listings — Crestwood, Birmingham, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Crestwood, Birmingham, AL is 69. This is a increase of 36.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $114,000 | -12.0% |
Listing Count | 118 | 33.0% |
| Listings as % of Homes | 1.2% | 33.0% |
Days on Market | 69 | 36.0% |
Demographics — Crestwood, Birmingham, AL
As of the latest ACS Survey released in 2023, Crestwood, Birmingham, AL has a population of 13,700, which has decreased by -1.5% over the past 5 years. Crestwood, Birmingham, AL is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,700 | -1.5% |
% Under 18 | 20.1% | -22.7% |
% Seniors | 23.6% | 54.2% |
% WFH | 4.0% | 207.7% |
% w/ College Degree | 16.8% | 44.8% |
As of the latest ACS Survey released in 2023, Crestwood, Birmingham, AL is a predominantly black area, with 94.0% of the population identifying as black. The black population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Crestwood, Birmingham, AL is white, making up 3.6% of the population. Foreign-born residents account for 3.2% of the population in Crestwood, Birmingham, AL, and this percentage has increased by 60.0% 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 | 3.6% | 33.3% |
% Black | 94.0% | 1.0% |
% Hispanic | 1.9% | -36.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 3.2% | 60.0% |
Mortgage and Risk — Crestwood, Birmingham, AL
According to HUD data as of 2023, there were 120 mortgage originations in Crestwood, Birmingham, AL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Crestwood, Birmingham, AL. Investor activity is high, as 20.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 120 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 20.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Crestwood, Birmingham, AL
As of 2024, the percent of homes in Crestwood, Birmingham, AL under the Section 8 program is 32.7%. 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 Crestwood, Birmingham, AL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 744 |
Total Units Section 8 | 743 |
% Rentals under Section 8 | 32.7% |
% Occupied Section 8 | 87.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $700 | $1,000 |
| 2 Bedroom | $235 | $895 | $1,130 |
| 3 Bedroom | $300 | $1,120 | $1,420 |
| 4 Bedroom | $130 | $1,450 | $1,580 |
Affordability — Crestwood, Birmingham, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $84,000 |
| Median Household Income | $37,400 |