HousingHandbookReference data

U.S. ZIP Code · AL35007

Shelby County · Birmingham, AL

Typical home value

$292,438[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.1%
5-year / yr
+4.5%
10-year / yr
+5.7%

Relative price

vs U.S.
+2.9%
vs metro
+29.3%
vs state
+49.2%
ZIP 35007 location in AL
Location of ZIP 35007 in AL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 35007 is worth $292,438 — 29.3% above the Birmingham, AL median. Over the past year, values have risen 3.1%. Homes here rent for a typical $1,795 a month — a 7.4% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,795[2]
Gross yield
7.4%[2]
Cap rate
4.4%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.4%[3]
Typical annual tax
$1,191[3]

#Climate risk

FEMA National Risk Index ratings for Shelby County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively Low
Heat wave
Relatively Moderate
Hurricane
Relatively Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
28,586[3]
Median household income
$88,505[3]

#Migration

Household moves in and out of Shelby County over a year, from IRS tax-return data.

Net migration
+601[5]
Moved in
7,034
Moved out
6,433

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
5
Elementary
2
Middle
1
High
2
  • Thompson High School

    High · Grades 9–12 · Alabaster City

    2,132 students

  • Thompson Middle School

    Middle · Grades 6–8 · Alabaster City

    1,424 students

  • Meadow View Elementary School

    Elementary · Grades PK–3 · Alabaster City

    937 students

  • Thompson Intermediate School

    Elementary · Grades 4–5 · Alabaster City

    899 students

  • New Direction

    High · Grades 6–12 · Shelby County

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield7.4%
Net yield (after ~40% expenses)4.4%
Annual rent$21,535

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,479
Loan principal$233,951
Down payment$58,488
Total interest paid$298,391

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.02
Monthly cost to own$1,822
Monthly rent$1,795

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
69th percentile[1]
Rental yield
39th percentile[2]
Property tax
61st percentile[3]

Frequently asked

How much is a home worth in ZIP code 35007?
The typical home in 35007 is worth $292,438, based on the Zillow Home Value Index.
Are home values rising in 35007?
Home values in 35007 are up 3.1% over the past year, and up 4.5% a year over five years.
What is the typical rent in 35007?
A typical home in 35007 rents for about $1,795 a month, a gross rental yield of 7.4%.
What is the property tax rate in 35007?
The effective property tax rate in 35007 is 0.4% — roughly $1,191 a year on a typical home.
Who lives in 35007?
ZIP code 35007 has a population of 28,586 and a median household income of $88,505.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Wilton, AL

    Typical home
    $288,293
    Gross yield
  • McCalla CDP, AL

    Typical home
    $287,711
    Gross yield
    7.6%
  • Harpersville, AL

    Typical home
    $283,110
    Gross yield
  • Bessemer, AL

    Typical home
    $281,101
    Gross yield
    8.7%
  • Riverside, AL

    Typical home
    $305,589
    Gross yield
  • Kimberly, AL

    Typical home
    $308,605
    Gross yield

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