Cities with the fastest growing home prices in Birmingham metro area
Published 12:11 pm Tuesday, August 23, 2022
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Cities with the fastest growing home prices in Birmingham metro area
It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
Stacker compiled a list of cities with the fastest-growing home prices in Birmingham-Hoover, AL metro area using data from Zillow. Cities are ranked by 1-year price change as of July 2022. The typical home value in the United States increased over the last year by +19.8% to $354,165. Data was available for 97 cities and towns in Birmingham.
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Stacker
#30. Columbiana, AL
– 1-year price change: +$33,475 (+15.1%)
– 5-year price change: +$89,555 (+54.1%)
– Typical home value: $254,967 (#30 most expensive city in metro)
Stacker
#29. Calera, AL
– 1-year price change: +$33,636 (+16.9%)
– 5-year price change: +$86,146 (+58.7%)
– Typical home value: $232,818 (#43 most expensive city in metro)
Stacker
#28. Mount Olive, AL
– 1-year price change: +$33,892 (+16.8%)
– 5-year price change: +$82,001 (+53.3%)
– Typical home value: $235,964 (#41 most expensive city in metro)
Stacker
#27. Westover, AL
– 1-year price change: +$34,239 (+14.8%)
– 5-year price change: +$95,937 (+56.7%)
– Typical home value: $265,234 (#23 most expensive city in metro)
Stacker
#26. Wilsonville, AL
– 1-year price change: +$34,523 (+12.7%)
– 5-year price change: +$104,179 (+51.6%)
– Typical home value: $305,898 (#11 most expensive city in metro)
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Stacker
#25. Pinson, AL
– 1-year price change: +$34,695 (+19.7%)
– 5-year price change: +$83,981 (+66.1%)
– Typical home value: $211,048 (#53 most expensive city in metro)
Stacker
#24. Leeds, AL
– 1-year price change: +$34,880 (+17.7%)
– 5-year price change: +$86,701 (+59.6%)
– Typical home value: $232,089 (#45 most expensive city in metro)
Stacker
#23. Fultondale, AL
– 1-year price change: +$34,975 (+19.1%)
– 5-year price change: +$78,108 (+55.8%)
– Typical home value: $218,192 (#49 most expensive city in metro)
Stacker
#22. Morris, AL
– 1-year price change: +$35,559 (+17.0%)
– 5-year price change: +$86,568 (+54.7%)
– Typical home value: $244,821 (#37 most expensive city in metro)
Stacker
#21. Pelham, AL
– 1-year price change: +$36,039 (+14.4%)
– 5-year price change: +$97,218 (+51.6%)
– Typical home value: $285,698 (#15 most expensive city in metro)
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Stacker
#20. Sylvan Springs, AL
– 1-year price change: +$36,269 (+19.9%)
– 5-year price change: +$80,986 (+59.0%)
– Typical home value: $218,153 (#50 most expensive city in metro)
Stacker
#19. Alabaster, AL
– 1-year price change: +$36,611 (+15.3%)
– 5-year price change: +$100,830 (+57.7%)
– Typical home value: $275,512 (#18 most expensive city in metro)
Stacker
#18. Springville, AL
– 1-year price change: +$36,997 (+13.8%)
– 5-year price change: +$98,151 (+47.4%)
– Typical home value: $305,344 (#12 most expensive city in metro)
Stacker
#17. Clay, AL
– 1-year price change: +$40,041 (+19.3%)
– 5-year price change: +$89,824 (+56.8%)
– Typical home value: $247,864 (#33 most expensive city in metro)
Stacker
#16. Gardendale, AL
– 1-year price change: +$41,792 (+19.5%)
– 5-year price change: +$91,442 (+55.5%)
– Typical home value: $256,118 (#29 most expensive city in metro)
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Stacker
#15. Pleasant Grove, AL
– 1-year price change: +$42,127 (+21.7%)
– 5-year price change: +$96,804 (+69.4%)
– Typical home value: $236,255 (#40 most expensive city in metro)
Stacker
#14. Irondale, AL
– 1-year price change: +$43,381 (+18.9%)
– 5-year price change: +$109,422 (+67.1%)
– Typical home value: $272,413 (#20 most expensive city in metro)
Stacker
#13. Kimberly, AL
– 1-year price change: +$46,414 (+20.6%)
– 5-year price change: +$102,373 (+60.5%)
– Typical home value: $271,521 (#21 most expensive city in metro)
Stacker
#12. Riverside, AL
– 1-year price change: +$46,620 (+18.4%)
– 5-year price change: +$93,957 (+45.7%)
– Typical home value: $299,375 (#14 most expensive city in metro)
Stacker
#11. Pell City, AL
– 1-year price change: +$47,704 (+20.4%)
– 5-year price change: +$100,488 (+55.6%)
– Typical home value: $281,210 (#16 most expensive city in metro)
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Stacker
#10. Helena, AL
– 1-year price change: +$47,748 (+17.0%)
– 5-year price change: +$115,184 (+53.9%)
– Typical home value: $328,727 (#10 most expensive city in metro)
Stacker
#9. Chelsea, AL
– 1-year price change: +$50,659 (+16.5%)
– 5-year price change: +$116,940 (+48.5%)
– Typical home value: $358,210 (#9 most expensive city in metro)
Stacker
#8. Trussville, AL
– 1-year price change: +$52,970 (+16.6%)
– 5-year price change: +$121,454 (+48.5%)
– Typical home value: $371,783 (#8 most expensive city in metro)
Stacker
#7. Hoover, AL
– 1-year price change: +$56,080 (+15.6%)
– 5-year price change: +$135,806 (+48.4%)
– Typical home value: $416,253 (#7 most expensive city in metro)
Stacker
#6. Homewood, AL
– 1-year price change: +$56,863 (+12.9%)
– 5-year price change: +$167,978 (+50.7%)
– Typical home value: $499,179 (#4 most expensive city in metro)
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Stacker
#5. Meadowbrook, AL
– 1-year price change: +$59,551 (+16.4%)
– 5-year price change: +$129,326 (+43.9%)
– Typical home value: $423,607 (#6 most expensive city in metro)
Stacker
#4. Vestavia Hills, AL
– 1-year price change: +$66,275 (+14.6%)
– 5-year price change: +$153,595 (+41.9%)
– Typical home value: $520,426 (#2 most expensive city in metro)
Stacker
#3. Indian Springs Village, AL
– 1-year price change: +$71,637 (+16.1%)
– 5-year price change: +$172,995 (+50.5%)
– Typical home value: $515,478 (#3 most expensive city in metro)
Stacker
#2. Lake Purdy, AL
– 1-year price change: +$74,361 (+18.2%)
– 5-year price change: +$150,487 (+45.3%)
– Typical home value: $482,377 (#5 most expensive city in metro)
Stacker
#1. Mountain Brook, AL
– 1-year price change: +$132,242 (+16.4%)
– 5-year price change: +$298,371 (+46.6%)
– Typical home value: $939,200 (#1 most expensive city in metro)
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