Birmingham-Hoover, AL · Alabama
Jefferson County
ZIP 35223
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 35223
Median home value
$224,900
Gross yield
10.1%
Buy Box score
0.0
Section 8 gap
67.8%
Affordability
P/I: 13.6R/I: —
Section 8 detail
SAFMR: $1,900Rent: $1,132Gap: 67.8%
ZIP code breakdown54 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 35207 | $224,900 | $1,020 | 5.4% | 23.4% | -11.0% |
| 35221 | $224,900 | $1,120 | 6.0% | 21.5% | -1.1% |
| 35020 | $224,900 | $1,040 | 5.5% | 20.9% | -9.6% |
| 35211 | $224,900 | $1,150 | 6.1% | 20.2% | -11.0% |
| 35224 | $224,900 | $1,110 | 5.9% | 19.6% | -2.0% |
| 35228 | $224,900 | $1,150 | 6.1% | 16.8% | 3.4% |
| 35218 | $224,900 | $1,030 | 5.5% | 16.2% | 3.7% |
| 35208 | $224,900 | $1,070 | 5.7% | 16.1% | -1.7% |
| 35217 | $224,900 | $1,040 | 5.5% | 15.4% | -0.3% |
| 35204 | $224,900 | $1,020 | 5.4% | 14.8% | 16.2% |
| 35234 | $224,900 | $1,020 | 5.4% | 14.2% | -11.0% |
| 35061 | $224,900 | $1,370 | 7.3% | 13.9% | 17.4% |
| 35206 | $224,900 | $1,150 | 6.1% | 13.7% | -0.4% |
| 35064 | $224,900 | $1,200 | 6.4% | 13.3% | 15.8% |
| 35073 | $224,900 | $1,100 | 5.9% | 13.3% | -2.9% |
| 35212 | $224,900 | $1,020 | 5.4% | 11.2% | -7.8% |
| 35005 | $224,900 | $1,160 | 6.2% | 11.1% | -13.4% |
| 35214 | $224,900 | $1,100 | 5.9% | 10.5% | -12.6% |
| 35215 | $224,900 | $1,260 | 6.7% | 10.3% | -1.3% |
| 35006 | $224,900 | $1,020 | 5.4% | 10.1% | -11.0% |
| 35118 | $224,900 | $1,070 | 5.7% | 9.8% | -5.8% |
| 35023 | $224,900 | $1,310 | 7.0% | 9.2% | 1.5% |
| 35235 | $224,900 | $1,360 | 7.3% | 9.1% | -2.5% |
| 35210 | $224,900 | $1,230 | 6.6% | 8.8% | -60.6% |
| 35022 | $224,900 | $1,090 | 5.8% | 8.5% | -80.2% |
| 35126 | $224,900 | $1,320 | 7.0% | 8.4% | -18.6% |
| 35203 | $224,900 | $1,020 | 5.4% | 8.4% | -119.0% |
| 35127 | $224,900 | $1,400 | 7.5% | 8.2% | -8.9% |
| 35094 | $224,900 | $1,090 | 5.8% | 7.8% | -50.5% |
| 35062 | $224,900 | $1,020 | 5.4% | 7.7% | -11.0% |
| 35111 | $224,900 | $1,200 | 6.4% | 7.6% | -48.8% |
| 35068 | $224,900 | $1,280 | 6.8% | 6.9% | -5.9% |
| 35173 | $224,900 | $1,490 | 8.0% | 6.8% | -44.9% |
| 35233 | $224,900 | $1,730 | 9.2% | 6.2% | 9.0% |
| 35036 | $224,900county est. | $1,120 | 6.0% | 6.0% | -1.1% |
| 35060 | $224,900county est. | $1,110 | 5.9% | 6.0% | -2.0% |
| 35119 | $224,900county est. | $1,260 | 6.7% | 6.0% | 10.2% |
| 35181 | $224,900county est. | $1,160 | 6.2% | 6.0% | 2.4% |
| 35229 | $224,900county est. | $1,580 | 8.4% | 6.0% | 28.4% |
| 35249 | $224,900county est. | $1,730 | 9.2% | 6.0% | 34.6% |
| 35254 | $224,900county est. | $1,020 | 5.4% | 6.0% | -11.0% |
| 35180 | $224,900 | $1,020 | 5.4% | 5.9% | -11.0% |
| 35205 | $224,900 | $1,400 | 7.5% | 5.5% | 26.5% |
| 35117 | $224,900 | $1,160 | 6.2% | 5.3% | 2.4% |
| 35116 | $224,900 | $1,100 | 5.9% | 5.2% | -2.9% |
| 35071 | $224,900 | $1,290 | 6.9% | 5.1% | 12.3% |
| 35226 | $224,900 | $1,620 | 8.6% | 4.6% | -1.1% |
| 35216 | $224,900 | $1,590 | 8.5% | 4.5% | 4.7% |
| 35091 | $224,900 | $1,050 | 5.6% | 4.5% | -7.8% |
| 35243 | $224,900 | $1,690 | 9.0% | 3.9% | -9.9% |
| 35209 | $224,900 | $1,580 | 8.4% | 3.6% | 3.5% |
| 35222 | $224,900 | $1,170 | 6.2% | 3.2% | 13.0% |
| 35213 | $224,900 | $1,900 | 10.1% | 2.1% | 22.6% |
| 35223 | $224,900 | $1,900 | 10.1% | 1.5% | 40.4% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
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
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