Metro area index
Home appreciation in the Birmingham, AL metro area
FHFA HPI® data shows the Birmingham, AL metro area's all-transactions index changed +3.4% over the year to Q2 2026, versus +3.7% for Alabama and +3.0% for the U.S. That ranks 193rd of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +3.4%
- 5-year change
- +38.9%
- Since Q1 1995
- +219%
- Metro rank (1 year)
- 193rd
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Birmingham, AL vs Alabama and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Birmingham, AL: 319.0
- Alabama: 318.6
- United States: 391.6
Appreciation by time window
| Window | Metro | AL | U.S. | Gap vs AL | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.4% | +3.7% | +3.0% | −0.3 pts | +0.4 pts |
| 3 years | +13.4% | +14.0% | +12.9% | −0.6 pts | +0.5 pts |
| 5 years | +38.9% | +43.8% | +41.3% | −4.9 pts | −2.4 pts |
| 10 years | +85.4% | +88.8% | +93.3% | −3.4 pts | −7.9 pts |
| Since Q1 1995 | +219% | +219% | +292% | +0.4 pts | −72.5 pts |
3-digit ZIP regions in the Birmingham, AL area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 352 · Birmingham, AL area | AL | +5.0% | +38.0% | +250% | 100% |
| 351 · Pelham, AL area | AL | +2.5% | +38.1% | +195% | 76% |
| 350 · Bessemer, AL area | AL | +4.4% | +43.8% | +206% | 70% |
| 355 · Jasper, AL area | AL | +3.4% | +38.9% | +219% | 36% |
Boom, bust, and recovery in Birmingham, AL area
Birmingham, AL area's index peaked in Q1 2008, fell 12.8% to its low in Q2 2011, and regained its peak in Q2 2017, about 9.2 years after the top. Today it sits +80.0% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2008 | Q2 2011 | -12.8% | Q2 2017 (9.2 yrs) | +80.0% |
| AL | Q1 2009 | Q4 2013 | -10.4% | Q4 2017 (8.8 yrs) | +80.7% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Birmingham, AL area's index has changed +44.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | AL after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -0.4% | -0.1% | -0.8% |
| 3 years | +9.8% | +3.2% | +3.8% | +2.8% |
| 5 years | +24.0% | +12.0% | +15.9% | +13.9% |
| 10 years | +39.1% | +33.3% | +35.7% | +39.0% |
| Since Q1 1995 | +121% | +44.1% | +43.9% | +76.8% |
If you bought in the Birmingham, AL area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +213% | $938,725 |
| Q2 2000 | +158% | $773,545 |
| Q2 2005 | +101% | $602,512 |
| Q2 2010 | +96.9% | $590,796 |
| Q2 2015 | +91.6% | $574,724 |
| Q2 2020 | +53.3% | $460,044 |
| Q2 2021 | +38.9% | $416,589 |
| Q2 2023 | +13.4% | $340,108 |
| Q2 2025 | +3.4% | $310,241 |
Frequently asked questions
- How much have home prices risen in the Birmingham, AL area?
- FHFA HPI® data for the Birmingham, AL metro area shows changes of +3.4% over one year, +38.9% over five years, and +85.4% over ten years to Q2 2026, and +219% since Q1 1995.
- Is the Birmingham, AL area beating the national average?
- Over the past year the metro's index moved +0.4 pts versus the U.S.; over five years the gap is −2.4 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.