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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Birmingham, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Birmingham, MI Housing Market Trends

With 21,715 people, 9,383 houses or apartments, and a median cost of homes of $814,154, Birmingham house prices are not only among the most expensive in Michigan, Birmingham real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Birmingham, accounting for 70.55% of the city's housing units. Other types of housing that are prevalent in Birmingham include large apartment complexes or high rise apartments ( 19.58%), row houses and other attached homes ( 4.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.87%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Birmingham. Owner-occupied housing accounts for 76.33% of Birmingham's homes, and 61.27% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Birmingham's housing was primarily built during this period, from the '40s through the '60s. A full 47.98% of the city's housing hails from this era. Other housing ages represented in Birmingham include homes built between 1970-1999 ( 19.44%) and housing constructed between 2000 and later ( 18.03%). There's also some housing in Birmingham built before 1939 ( 14.55%).

Vacant housing appears to be an issue in Birmingham. Fully 10.08% of the housing stock is classified as vacant. Left unchecked, vacant Birmingham homes and apartments can be a drag on the real estate market, holding Birmingham real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Birmingham Home Appreciation Rates

Birmingham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Birmingham during the period has been just 5.10%, which is lower than 70% of US communities.

Over the last year, Birmingham appreciation rates have trailed the rest of the nation. In the last twelve months, Birmingham's appreciation rate has been 4.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Birmingham were at -0.26%, which equates to an annual appreciation rate of -1.02%.

Relative to Michigan, our data show that Birmingham's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Birmingham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Birmingham - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Birmingham real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$814,154

Birmingham, MI Home Prices
> $1,175,000
$881,001 - $1,175,000
$587,001 - $881,000
$470,001 - $587,000
$353,001 - $470,000
$235,001 - $353,000
$117,001 - $235,000
$59,001 - $117,000
$0 - $59,000
22.5%
22.5%
19.5%
19.5%
22.3%
22.3%
9.0%
9.0%
11.9%
11.9%
9.8%
9.8%
3.8%
3.8%
0.4%
0.4%
0.8%
0.8%
0% 100.0%
% of Homes
Very High

for Michigan

Very High

for nation

Number of Homes And Apartments:

9,383

Birmingham Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,891 / per month

Homeownership Rate

Owners
Renters
76.3%
76.3%
23.7%
23.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.1%
10.1%
89.9%
89.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.0%
18.0%
19.4%
19.4%
48.0%
48.0%
14.5%
14.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.6%
70.6%
4.9%
4.9%
4.9%
4.9%
19.6%
19.6%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
9.3%
9.3%
22.3%
22.3%
36.4%
36.4%
24.9%
24.9%
6.2%
6.2%
0% 100.0%
% of Homes