HousingHandbookReference data

U.S. ZIP Code · AL35203

Jefferson County · Birmingham, AL

Typical home value

$322,485[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.3%
5-year / yr
+0.3%
10-year / yr
+5.3%

Relative price

vs U.S.
+13.5%
vs metro
+42.6%
vs state
+64.5%
ZIP 35203 location in AL
Location of ZIP 35203 in AL

Price history

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

The typical home in 35203 is worth $322,485 — 42.6% above the Birmingham, AL median. Over the past year, values have fallen 3.3%. Homes here rent for a typical $1,665 a month — a 6.2% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent
$1,665[2]
Gross yield
6.2%[2]
Cap rate
3.7%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$2,476[3]

#Climate risk

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

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

#Who lives here

Population
3,506[3]
Median household income
$47,434[3]

#Migration

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

Net migration
-1,053[5]
Moved in
13,199
Moved out
14,252

Schools

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

Public schools
5
Elementary
3
Middle
0
High
1
  • Phillips Academy

    Elementary · Grades PK–8 · Birmingham City

    631 students

  • Adolescent Day Treatment

    Other · Grades K–12 · Birmingham City

  • Engle Day Treatment

    Elementary · Grades 1–7 · Birmingham City

  • Homebound Elementary School

    Elementary · Grades PK–6 · Birmingham City

  • Homebound High School

    High · Grades 7–12 · Birmingham City

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 yield6.2%
Net yield (after ~40% expenses)3.7%
Annual rent$19,976

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$1,631
Loan principal$257,988
Down payment$64,497
Total interest paid$329,050

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 ratio1.27
Monthly cost to own$2,106
Monthly rent$1,665

Renting is meaningfully cheaper month-to-month.

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
10th percentile[1]
Rental yield
22nd percentile[2]
Property tax
97th percentile[3]

Frequently asked

How much is a home worth in ZIP code 35203?
The typical home in 35203 is worth $322,485, based on the Zillow Home Value Index.
Are home values rising in 35203?
Home values in 35203 are down 3.3% over the past year, and up 0.3% a year over five years.
What is the typical rent in 35203?
A typical home in 35203 rents for about $1,665 a month, a gross rental yield of 6.2%.
What is the property tax rate in 35203?
The effective property tax rate in 35203 is 0.8% — roughly $2,476 a year on a typical home.
Who lives in 35203?
ZIP code 35203 has a population of 3,506 and a median household income of $47,434.

#Comparable ZIPs

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

  • Columbiana, AL

    Typical home
    $322,771
    Gross yield
  • Shelby CDP, AL

    Typical home
    $321,347
    Gross yield
  • Sterrett CDP, AL

    Typical home
    $324,602
    Gross yield
  • Springville, AL

    Typical home
    $326,751
    Gross yield
    6.9%
  • Pell City, AL

    Typical home
    $313,757
    Gross yield
    5.8%
  • Birmingham, AL

    Typical home
    $312,209
    Gross yield
    6.3%

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