What is the median home value in ZIP 35023 in Jefferson County, AL?

The median home value in ZIP 35023 in Jefferson County, AL is $168,639, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 35023?

The rent-to-income ratio in ZIP 35023 is 24.0%, based on HUD Fair Market Rent divided by Census median household income. This is within the affordable range (under 30% of household income).

Birmingham-Hoover, AL · Alabama

Jefferson County

ZIP 35023

669,744 residents2,398 permits TTM$64,589 median HHI54 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$224,900

ACS 5-Year

Cap rate proxy

6.8%

FMR × 0.65 ÷ Home Value

Rent-to-income

21.0%

HUD FMR ÷ ACS HHI

Net migration

+1.37%

IRS SOI

Permits (TTM)

2,398

Census BPS

Climate risk

97.6

FEMA NRI (0–100)

ZIP 35023

Median home value

$168,639

Gross yield

9.3%

Cap rate

9.2%

Rent gap

1.5%

Affordability

P/I: 2.6R/I: 24.0%

Section 8 detail

SAFMR: $1,310Rent: $1,132Gap: 15.7%

ZIP code breakdown54 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
35204	$69,450	$1,020	17.6%	14.8%	16.2%
35061	$97,816	$1,370	16.8%	13.9%	17.4%
35064	$90,933	$1,200	15.8%	13.3%	15.8%
35218	$73,410	$1,030	16.8%	16.2%	3.7%
35228	$79,496	$1,150	17.4%	16.8%	3.4%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$58,176	$1,020	21.0%	23.4%	-11.0%
$63,216	$1,120	21.3%	21.5%	-1.1%
$65,499	$1,040	19.1%	20.9%	-9.6%
$75,941	$1,150	18.2%	20.2%	-11.0%
$69,171	$1,110	19.3%	19.6%	-2.0%
$80,870	$1,070	15.9%	16.1%	-1.7%
$81,110	$1,040	15.4%	15.4%	-0.3%
$95,531	$1,020	12.8%	14.2%	-11.0%
$100,919	$1,150	13.7%	13.7%	-0.4%
$102,029	$1,100	12.9%	13.3%	-2.9%
$117,536	$1,020	10.4%	11.2%	-7.8%
$141,677	$1,160	9.8%	11.1%	-13.4%
$141,366	$1,100	9.3%	10.5%	-12.6%
$148,462	$1,260	10.2%	10.3%	-1.3%
$135,049	$1,020	9.1%	10.1%	-11.0%
$138,324	$1,070	9.3%	9.8%	-5.8%
$168,639	$1,310	9.3%	9.2%	1.5%
$183,413	$1,360	8.9%	9.1%	-2.5%
$268,767	$1,230	5.5%	8.8%	-60.6%
$276,847	$1,090	4.7%	8.5%	-80.2%
$223,952	$1,320	7.1%	8.4%	-18.6%
$320,480	$1,020	3.8%	8.4%	-119.0%
$222,698	$1,400	7.5%	8.2%	-8.9%
$251,382	$1,090	5.2%	7.8%	-50.5%
$177,580	$1,020	6.9%	7.7%	-11.0%
$282,325	$1,200	5.1%	7.6%	-48.8%
$234,805	$1,280	6.5%	6.9%	-5.9%
$378,517	$1,490	4.7%	6.8%	-44.9%
$306,732	$1,730	6.8%	6.2%	9.0%
$224,900county est.	$1,730	9.2%	6.0%	34.6%
$224,900county est.	$1,580	8.4%	6.0%	28.4%
$224,900county est.	$1,260	6.7%	6.0%	10.2%
$224,900county est.	$1,160	6.2%	6.0%	2.4%
$224,900county est.	$1,120	6.0%	6.0%	-1.1%
$224,900county est.	$1,110	5.9%	6.0%	-2.0%
$224,900county est.	$1,020	5.4%	6.0%	-11.0%
$230,975	$1,020	5.3%	5.9%	-11.0%
$224,434	$1,400	7.5%	5.5%	26.5%
$257,903	$1,160	5.4%	5.3%	2.4%
$259,917	$1,100	5.1%	5.2%	-2.9%
$267,647	$1,290	5.8%	5.1%	12.3%
$427,838	$1,620	4.5%	4.6%	-1.1%
$400,715	$1,590	4.8%	4.5%	4.7%
$301,991	$1,050	4.2%	4.5%	-7.8%
$565,240	$1,690	3.6%	3.9%	-9.9%
$510,156	$1,580	3.7%	3.6%	3.5%
$383,372	$1,170	3.7%	3.2%	13.0%
$829,226	$1,900	2.7%	2.1%	22.6%
$878,273	$1,900	2.6%	1.5%	40.4%

Demographics

Owner-occupied

63.7%

Census ACS

Vacancy rate

13.1%

Census ACS

Bachelor's degree +

35.9%

Census ACS

Rent burdened

49.0%

Census ACS (>30% income)

Median age

37.8

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Jefferson County

See all 54 ZIPs ranked by yield and cap rate