Birmingham Alabama and Central Alabama are true hidden jewels. This area is “Steady Eddie.” Steady Eddie is a term used to describe a consistent and steady growth pattern. An area that has not seen the negative gyrations that have taken place in other parts of the country.
Although no one can promise what the future may hold, the area shows a steady trend. Birmingham and the metro area now exceeds 1 million in population and growing. Birmingham and Central Alabama are great drivers for the state’s economy and the number one producer of new businesses and jobs.
Demographics & Trends
In 2018, Birmingham, AL had a population of 212k people with a median age of 35.8 and a median household income of $35,346. Between 2017 and 2018 the population of Birmingham, AL declined from 212,265 to 212,021, a -0.115% decrease and its median household income grew from $33,770 to $35,346, a 4.67% increase (Data USA, 2018).
The median property value in Birmingham, AL is $89,200, and the home ownership rate is 45.8%. Most people in Birmingham, AL commute by Drove Alone, and the average commute time is 21.3 minutes. The average car ownership in Birmingham, AL is 2 cars per household (Data USA, 2018).
The largest universities in Birmingham, AL are University of Alabama at Birmingham (5,032 degrees awarded in 2017), Jefferson State Community College (1,307 degrees), and Virginia College-Birmingham (852 degrees).
Economy & Employment
Median household income in Birmingham, AL is $35,346. In 2018, the place with the highest Median Household Income in Birmingham, AL was Census Tract 129.11 with a value of $157,950, followed by Census Tract 127.03 and Census Tract 108.05, with respective values of $140,132 and $126,090.
The economy of Birmingham, AL employs 93.4k people. The largest industries in Birmingham, AL are Health Care & Social Assistance (16,523 people), Retail Trade (10,486 people), and Accommodation & Food Services (9,106 people), and the highest paying industries are Utilities ($57,763), Mining, Quarrying, & Oil & Gas Extraction ($53,000), and Professional, Scientific, & Technical Services ($51,883).
The most common job groups, by number of people living in Birmingham, AL, are Office & Administrative Support Occupations (11,035 people), Sales & Related Occupations (10,140 people), and Management Occupations (6,984 people) (Data USA, 2018).
Birmingham has one Fortune 500 public company: Regions Financial Corporation (#447). Two more Birmingham companies rank in the top 1000: Vulcan Materials Company (#588) and Encompass Health (#596).
The University of Alabama Birmingham (UAB) medical hospital is the number one teaching hospital in the region (11,650 employees). Regions Bank (RF) is one of the largest regional banks in the Southeast and is headquartered in Birmingham (4,680 employees locally). Mercedes Benz is located 30 minutes west of Birmingham and has become one of the major manufacturing facilities for the Mercedes Benz worldwide.
Last year, an additional $1 billion was spent on renovation and expansion, (4,000 employees locally). Honda Corporation is located 30 minutes east and has quickly grown to one of the area’s most attractive new businesses and is becoming one of Honda’s largest stateside manufacturing plant (4,000 employees locally).
Amazon has just completed phase one for a major distribution hub that is operational with plans to expand immediately in 2021 and 2022. The hub is located in the SW area of town and has affected the area in a meaningful way, including real estate.
Other major employers include Blue Cross, St. Vincent’s, EBSCO Industries, Alabama Power, Drummond Company, Brasfield and Gorrie, BL Harbert, Protective Life, Motion Industries, and Vulcan Materials. All are headquartered in Birmingham.
The 5 largest ethnic groups in Birmingham, AL are Black or African American (Non-Hispanic) (70.3%), White (Non-Hispanic) (23.4%), White (Hispanic) (1.89%), Two+ (Non-Hispanic) (1.42%), and Other (Hispanic) (1.37%). 97.2% are U.S. citizens (Data USA, 2018).
Simply Do It Preferred Realtor & Property Management
A family owned business.
Realtor – licensed realtor and certified real estate appraiser and have been working the Birmingham and Central Alabama market for over 40 years.
Property manager – holds an Alabama broker’s license and manages the day-to-day operations for hundreds of doors while being passionate about meeting client’s demands. PM has the ability to mitigate challenges for his clients has been rewarded with an overall retention rate exceeding 98%.
The family business looks forward to helping Simply Do It’s investors in all aspects of real estate in Alabama.