Home prices
The median home in Birmingham is valued at $541,500. In comparison to its surrounding areas it is about $133,520 (32%) higher.It is roughly $324,000 (148%) higher compared to the nation as a whole, and is approximately $492,300 (1000%) higher in comparison to the city of Detroit.
Rents
In Birmingham the median rent is $1,513 per month. It is roughly $350 (30%) higher in comparison to the surrounding areas.Compared to the US as a whole it is approximately $451 (42%) higher, and in comparison to the city of Detroit it is roughly $689 (83%) higher.
Nearby places
Beverly Hills
Beverly Hills is Birmingham's neighbor to the southwest. Housing prices there are significantly less expensive. The median home in Beverly Hills costs $387,400, which works out to $154,100 (39%) lower than Birmingham. Its rents are a bit less expensive. Beverly Hills's median rent is $1,238 per month, which works out to $275 (22%) lower than Birmingham.
Bloomfield Hills
Bloomfield Hills is Birmingham's neighbor to the northwest. The real estate prices there are substantially more expensive. The median home in Bloomfield Hills is valued at $860,800, which works out to $319,300 (37%) higher than Birmingham. Rent there is fairly similar. The median monthly rent in Bloomfield Hills is $1,527, which is very similar to Birmingham.
Clawson
Clawson is approximately 2 miles east of Birmingham. The housing prices there are significantly less expensive. The median home in Clawson is valued at $177,500, which works out to $364,000 (205%) lower than Birmingham. Rents there are substantially less expensive. The median rent in Clawson is $933 a month, which comes out to $580 (62%) lower than Birmingham.
Bingham Farms
Bingham Farms is about 3 miles southwest from Birmingham. Its housing prices are somewhat less expensive. The median home cost in Bingham Farms is $415,000, which comes out to $126,500 (30%) lower than Birmingham. Rent there is a lot less expensive. Bingham Farms's median rent is $1,000 a month, which works out to $513 (51%) lower than Birmingham.
Berkley
Berkley is roughly 3 miles southeast of Birmingham. Real estate prices there are a lot less expensive. The median home in Berkley is valued at $199,200, which comes out to $342,300 (171%) lower than Birmingham. Rent there is significantly less expensive. The median monthly rent in Berkley is $1,115, which comes out to $398 (35%) lower than Birmingham.
