LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,298
Monthly Cash Flow
$242
Principal + Equity
$628
Annual Total Gain
$10,436
Cash on Cash
8.74%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Best Cities for Outdoor Activities in America
#177out of 229 markets
Best Cities for Young Professionals in America
#170out of 229 markets
Cities with the Lowest Cost of Living in America
#34out of 229 markets
D
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Birmingham, AL.
In Birmingham, AL, Short Term Rentals (STRs) are regulated by the city's zoning ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Birmingham has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Business License: In order to operate a STR in Birmingham, investors must obtain a business license from the city. This license must be renewed annually and may require additional fees.
3. Occupancy Limits: Birmingham has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance.
4. Safety Regulations: STRs in Birmingham must meet certain safety regulations, such as having working smoke detectors and fire extinguishers. Investors should ensure that their property meets these requirements before renting it out.
5. Taxation: Investors should be aware that they may be required to collect and remit lodging taxes on rental income from their STR. They should familiarize themselves with the city's tax regulations and ensure that they are in compliance.
6. Homeowner's Association (HOA) Regulations: If the property is located in a neighborhood with a homeowner's association, investors should check the HOA's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on STRs.
Overall, investors looking to purchase a property for Short Term Rental purposes in Birmingham, AL should thoroughly research and understand the city's regulations and requirements for operating an STR. Failure to comply with these regulations could result in fines or other penalties.
Market Trends Over Time
Explore 25 years of market data for Birmingham, AL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Birmingham, AL.
The LTR Genie Score of Birmingham, AL is 60, indicating a moderate level of rentability for long-term rental properties. The STR Genie Score is slightly higher at 63, suggesting a slightly more favorable outlook for short-term rental or Airbnb properties. The higher STR Genie Score could be attributed to the higher net ROI and occupancy rate for short-term rentals compared to long-term rentals in this market.
Birmingham, AL is a city known for its diverse economy, with industries ranging from healthcare and finance to manufacturing and education. The city offers a mix of urban amenities and outdoor recreational opportunities, making it an attractive location for both residents and visitors.
Based on the metrics provided, Birmingham, AL appears to be a more attractive market for short-term rental investments, with a higher net ROI and occupancy rate compared to long-term rentals. However, investors should carefully consider their investment goals and risk tolerance before deciding on a strategy. Short-term rentals may offer higher returns but also come with higher turnover and management costs, while long-term rentals provide more stable income streams. It may be beneficial for investors to diversify their portfolio with a mix of both short-term and long-term rental properties in Birmingham, AL.
LTR Genie Score 93
$155,000
🛏 4 Beds🛁 3.0000 Baths🏙 2,088 sqft.🏠 SINGLE FAMILY
