Cities with the fastest growing home prices in Birmingham metro area
Published 9:07 pm Thursday, September 29, 2022
Konstantin L // Shutterstock
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 August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 88 cities and towns in Birmingham.
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Stacker
#30. Westover, Alabama
– 1-year price change: +$31,533 (+13.4%)
– 5-year price change: +$95,448 (+55.9%)
– Typical home value: $266,109 (#24 most expensive city in metro)
Stacker
#29. Grayson Valley, Alabama
– 1-year price change: +$32,066 (+20.1%)
– 5-year price change: +$80,482 (+72.5%)
– Typical home value: $191,519 (#57 most expensive city in metro)
Stacker
#28. Mount Olive, Alabama
– 1-year price change: +$32,175 (+15.7%)
– 5-year price change: +$82,978 (+53.7%)
– Typical home value: $237,546 (#40 most expensive city in metro)
Stacker
#27. Columbiana, Alabama
– 1-year price change: +$32,318 (+14.3%)
– 5-year price change: +$92,019 (+55.5%)
– Typical home value: $257,714 (#30 most expensive city in metro)
Stacker
#26. Fultondale, Alabama
– 1-year price change: +$32,842 (+17.6%)
– 5-year price change: +$78,494 (+55.5%)
– Typical home value: $219,914 (#48 most expensive city in metro)
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Stacker
#25. Calera, Alabama
– 1-year price change: +$32,935 (+16.2%)
– 5-year price change: +$88,267 (+59.5%)
– Typical home value: $236,659 (#41 most expensive city in metro)
Stacker
#24. Sylvan Springs, Alabama
– 1-year price change: +$33,088 (+17.7%)
– 5-year price change: +$81,011 (+58.4%)
– Typical home value: $219,634 (#49 most expensive city in metro)
Stacker
#23. Wilsonville, Alabama
– 1-year price change: +$33,212 (+12.1%)
– 5-year price change: +$105,021 (+51.6%)
– Typical home value: $308,383 (#11 most expensive city in metro)
Stacker
#22. Pinson, Alabama
– 1-year price change: +$33,224 (+18.6%)
– 5-year price change: +$84,905 (+66.9%)
– Typical home value: $211,813 (#52 most expensive city in metro)
Stacker
#21. Springville, Alabama
– 1-year price change: +$33,258 (+12.3%)
– 5-year price change: +$97,231 (+46.9%)
– Typical home value: $304,581 (#13 most expensive city in metro)
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Stacker
#20. Morris, Alabama
– 1-year price change: +$33,328 (+15.6%)
– 5-year price change: +$86,783 (+54.3%)
– Typical home value: $246,740 (#35 most expensive city in metro)
Stacker
#19. Alabaster, Alabama
– 1-year price change: +$35,029 (+14.4%)
– 5-year price change: +$102,502 (+58.3%)
– Typical home value: $278,234 (#17 most expensive city in metro)
Stacker
#18. Pelham, Alabama
– 1-year price change: +$36,681 (+14.5%)
– 5-year price change: +$100,448 (+53.1%)
– Typical home value: $289,766 (#15 most expensive city in metro)
Stacker
#17. Gardendale, Alabama
– 1-year price change: +$38,699 (+17.8%)
– 5-year price change: +$91,457 (+55.5%)
– Typical home value: $256,152 (#31 most expensive city in metro)
Stacker
#16. Clay, Alabama
– 1-year price change: +$38,976 (+18.4%)
– 5-year price change: +$91,354 (+57.4%)
– Typical home value: $250,432 (#33 most expensive city in metro)
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Stacker
#15. Pleasant Grove, Alabama
– 1-year price change: +$40,157 (+20.2%)
– 5-year price change: +$98,396 (+70.1%)
– Typical home value: $238,713 (#39 most expensive city in metro)
Stacker
#14. Irondale, Alabama
– 1-year price change: +$40,918 (+17.5%)
– 5-year price change: +$110,009 (+67.0%)
– Typical home value: $274,117 (#20 most expensive city in metro)
Stacker
#13. Riverside, Alabama
– 1-year price change: +$41,185 (+16.1%)
– 5-year price change: +$91,015 (+44.4%)
– Typical home value: $296,224 (#14 most expensive city in metro)
Stacker
#12. Kimberly, Alabama
– 1-year price change: +$42,731 (+18.6%)
– 5-year price change: +$101,848 (+59.7%)
– Typical home value: $272,570 (#21 most expensive city in metro)
Stacker
#11. Pell City, Alabama
– 1-year price change: +$42,788 (+18.2%)
– 5-year price change: +$98,077 (+54.4%)
– Typical home value: $278,523 (#16 most expensive city in metro)
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Stacker
#10. Helena, Alabama
– 1-year price change: +$46,530 (+16.4%)
– 5-year price change: +$117,392 (+55.0%)
– Typical home value: $330,786 (#10 most expensive city in metro)
Stacker
#9. Chelsea, Alabama
– 1-year price change: +$48,403 (+15.5%)
– 5-year price change: +$119,596 (+49.5%)
– Typical home value: $361,428 (#9 most expensive city in metro)
Stacker
#8. Trussville, Alabama
– 1-year price change: +$48,494 (+15.1%)
– 5-year price change: +$121,054 (+48.5%)
– Typical home value: $370,437 (#8 most expensive city in metro)
Stacker
#7. Hoover, Alabama
– 1-year price change: +$53,073 (+14.6%)
– 5-year price change: +$136,199 (+48.5%)
– Typical home value: $417,188 (#7 most expensive city in metro)
Stacker
#6. Homewood, Alabama
– 1-year price change: +$54,237 (+12.1%)
– 5-year price change: +$168,434 (+50.5%)
– Typical home value: $502,012 (#4 most expensive city in metro)
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Stacker
#5. Meadowbrook, Alabama
– 1-year price change: +$56,260 (+15.3%)
– 5-year price change: +$131,603 (+44.9%)
– Typical home value: $424,908 (#6 most expensive city in metro)
Stacker
#4. Vestavia Hills, Alabama
– 1-year price change: +$63,632 (+13.9%)
– 5-year price change: +$154,382 (+41.9%)
– Typical home value: $522,650 (#2 most expensive city in metro)
Stacker
#3. Indian Springs Village, Alabama
– 1-year price change: +$66,838 (+14.9%)
– 5-year price change: +$174,689 (+51.3%)
– Typical home value: $515,391 (#3 most expensive city in metro)
Stacker
#2. Lake Purdy, Alabama
– 1-year price change: +$72,742 (+17.5%)
– 5-year price change: +$155,024 (+46.5%)
– Typical home value: $488,506 (#5 most expensive city in metro)
Stacker
#1. Mountain Brook, Alabama
– 1-year price change: +$123,757 (+15.2%)
– 5-year price change: +$297,639 (+46.5%)
– Typical home value: $937,346 (#1 most expensive city in metro)
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