Birmingham is the 56th largest multifamily market with 76,034 completed units and 10,297 units in development, 3,386 of which have already broken ground, as of September 2022.
Birmingham Multifamily Market Summary – September 2022
New lease asking rents are at $1,251, up 7.9%▲
from the previous year placing Birmingham at
88th overall in year-over-year rent growth.
Birmingham Multifamily Market Summary – August 2022
New lease asking rents are at $1,243, up 8.5%▲
from the previous year placing Birmingham at
91st overall in year-over-year rent growth.
Birmingham Multifamily Market Summary – July 2022
New lease asking rents are at $1,246, up 10%▲
from the previous year placing Birmingham at
84th overall in year-over-year rent growth.
Birmingham Multifamily Market Summary – June 2022
New lease asking rents are at $1,233, up 10.1%▲
from the previous year placing Birmingham at
83rd overall in year-over-year rent growth.
Birmingham Multifamily Market Summary – May 2022
New lease asking rents are at $1,213, up 10.4%▲
from the previous year placing Birmingham at
85th overall in year-over-year rent growth.
Birmingham Multifamily Market Summary – March 2022
New lease asking rents are at $1,190, up 10.5%▲
from the previous year placing Birmingham at
83rd overall in year-over-year rent growth.
Birmingham Multifamily Market Summary – April 2022
New lease asking rents are at $1,201, up 10.5%▲
from the previous year placing Birmingham at
82nd overall in year-over-year rent growth.
Birmingham Multifamily Market Summary – January 2022
New lease asking rents are at $1,177, up 10.5%▲
from the previous year placing Birmingham at
80th overall in year-over-year rent growth.
Birmingham Multifamily Market Summary – January 2022
New lease asking rents are at $1,184, up 10.9%▲
from the previous year placing Birmingham at
80th overall in year-over-year rent growth.
Birmingham Multifamily Market Summary – December 2021
New lease asking rents are at $1,160, up 9.4%▲
from the previous year placing Birmingham at
80th overall in year-over-year rent growth.
