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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

1187 Birmingham St Birmingham, AL 35217

3 Beds 1 Baths 1,222 sqft Built 1925
Last updated:  Jun 30, 2018

INVESTimate

$58,131

$52.7K - $63.6K

Price Est.

$711

657 - 765

Rent Est.

$57,561  ( -0.98%)   1 YR EST. FORECAST
  
  
  

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1187 Birmingham St PROPERTY INFO

FACTS
  • Built In 1925
  • Price/Sqft : $47.57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,222 sqft
  • Baths : 1 Full

1187 Birmingham St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
TARRANT ELEMENTARY SCHOOL Primary Regular 383 25 8
TARRANT INTERMEDIATE SCHOOL Middle Regular 264 13 3
TARRANT HIGH SCHOOL High Regular 254 14 1

TARRANT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 383
  • # of teachers: 25
8
GreatSchools Rating

TARRANT INTERMEDIATE SCHOOL

  • Education Level: Middle
  • # of students: 264
  • # of teachers: 13
3
GreatSchools Rating

TARRANT HIGH SCHOOL

  • Education Level: High
  • # of students: 254
  • # of teachers: 14
1
GreatSchools Rating
 

Financial Details

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Neighborhood

Tarrant

  • 6,737

    POPULATION
  • 2,925

    HOUSEHOLDS
  • 29.9%

    WHITE COLLAR

Neighborhood : Tarrant

HOUSEHOLDS
2,925
POPULATION

6,737

52.6%Renters
47.4%Home Owners
LABOR FORCE

 

29.9%White Collar
70.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $717 per month.

MY RENT : $717 MEDIAN RENT : $740

Rent % Distribution LEVEL
$500-699 15.0%
$700-899 66.1%
$900-999 7.6%
$1,000-1,499 11.3%
>=$1,500 0.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $717 would therefore be considered affordable for annual household incomes greater than $28,680 (12 months x 3.333 x $717).

Rent % Affordability
Above $500 58.1%
Above $700 42.7%
Above $1,100 26.1%
Above $1,500 16.8%
Above $1,900 9.2%
HOUSEHOLD INCOME RANGE

Approximately 6,927 of households in this neighborhood have a total annual income of $28,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $717 per month.

MINIMUM INCOME RANGE : $28,680

Income % Distribution
<$20K 41.9%
$20K-$35K 21.9%
$35K-$60K 19.5%
$60K-$100K 13.6%
>=$100K 3.1%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.8%
5-9 mins 8.3%
10-14 mins 12.2%
15-19 mins 14.7%
20-29 mins 31.5%
30-44 mins 19.2%
45-59 mins 3.8%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $717 per month.

MY RENT : $717 MEDIAN RENT : $740

Rent % Distribution
$500-699 15.0%
$700-899 66.1%
$900-999 7.6%
$1,000-1,499 11.3%
>=$1,500 0.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $717 would therefore be considered affordable for annual household incomes greater than $28,680 (12 months x 3.333 x $717).

Rent % Affordability
Above $500 58.1%
Above $700 42.7%
Above $1,100 26.1%
Above $1,500 16.8%
Above $1,900 9.2%
HOUSEHOLD INCOME RANGE

Approximately 6,927 of households in this neighborhood have a total annual income of $28,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $717 per month.

MINIMUM INCOME RANGE : $28,680

Income % Distribution
<$20K 41.9%
$20K-$35K 21.9%
$35K-$60K 19.5%
$60K-$100K 13.6%
>=$100K 3.1%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.8%
5-9 mins 8.3%
10-14 mins 12.2%
15-19 mins 14.7%
20-29 mins 31.5%
30-44 mins 19.2%
45-59 mins 3.8%
>60 mins 5.4%

Tarrant Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 14.4%
Construction 6.6%
Health Care & Social Assistance 21.3%
Manufacturing 10.6%
Retail & Wholesale Trader 12.9%
Transportation 7.1%
Other 27.1%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.9%
15-19 5.0%
20-24 7.9%
25-44 24.0%
45-65 28.6%
66+ 16.5%
OCCUPATION

Occupation % Distribution
Clean 7.2%
Education 13.3%
Healthcare 14.6%
Natural Resources Maintenance 9.6%
Production & Transportation 21.1%
Sales & Office 17.3%
Other 16.9%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.8%
High School 37.9%
Masters Degree 2.4%
Some College 24.4%
Some High School 22.3%
Other 7.2%

1187 Birmingham St Comps

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1187 Birmingham St, Birmingham, AL 35217 is a single family home of 1,222 sqft. HomeUnion INVESTimateĀ® for 1187 Birmingham St includes a Price Estimate of $58,131 and a Rent Estimate of $711. This single family home has 3 bedrooms,1 bathrooms, and was built in 1925. This property has an estimated 15 year annualized Yield of 14.68% and Total Return of 18.65%. The estimated 1 year forecast in home value for 1187 Birmingham St is -0.98%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , JEFFERSON County , or the 35217 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2