Median Home PriceBETTER
$208,519.76
Median RentBETTER
$1,291.76/mo
Price-to-Rent RatioBETTER
13.5
Property Tax RateTIE
0.40%
Price Change (1Y)
-0.3%
Price Change (5Y)
-1.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$41,315
Median Home Price
$305,199.33
Median Rent
$1,378.7/mo
Price-to-Rent Ratio
18.4
Property Tax RateTIE
0.40%
Price Change (1Y)BETTER
+0.1%
Price Change (5Y)BETTER
+0.6%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$193,706
Key Differences
Home Prices
Birmingham's median home price of $208,519.76 is lower than Huntsville's $305,199.33 by 32%.
Monthly Rent
Renting in Birmingham costs $1,291.76/mo compared to $1,378.7/mo in Huntsville—a difference of $86.94/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.