HousingHandbookReference data

U.S. ZIP Code · AL35223

Jefferson County · Birmingham, AL

Typical home value

$912,848[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+6.1%
5-year / yr
+6.3%
10-year / yr
+5.7%

Relative price

vs U.S.
+221.3%
vs metro
+303.8%
vs state
+365.7%
ZIP 35223 location in AL
Location of ZIP 35223 in AL

Price history

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

The typical home in 35223 is worth $912,848 — 303.8% above the Birmingham, AL median. Over the past year, values have risen 6.1%. Homes here rent for a typical $2,074 a month — a 2.7% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent
$2,074[2]
Gross yield
2.7%[2]
Cap rate
1.6%[2]

#Property tax

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

Effective tax rate
0.7%[3]
Typical annual tax
$6,845[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
10,666[3]
Median household income
$168,278[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
3
Elementary
2
Middle
0
High
1
  • Mountain Brook High School

    High · Grades 10–12 · Mountain Brook City

    970 students

  • Brookwood Forest Elementary School

    Elementary · Grades PK–6 · Mountain Brook City

    589 students

  • Mountain Brook Elementary School

    Elementary · Grades PK–6 · Mountain Brook City

    537 students

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 yield2.7%
Net yield (after ~40% expenses)1.6%
Annual rent$24,890

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$4,616
Loan principal$730,279
Down payment$182,570
Total interest paid$931,430

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 ratio2.87
Monthly cost to own$5,947
Monthly rent$2,074

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
99th percentile[1]
Rental yield
2nd percentile[2]
Property tax
96th percentile[3]

Frequently asked

How much is a home worth in ZIP code 35223?
The typical home in 35223 is worth $912,848, based on the Zillow Home Value Index.
Are home values rising in 35223?
Home values in 35223 are up 6.1% over the past year, and up 6.3% a year over five years.
What is the typical rent in 35223?
A typical home in 35223 rents for about $2,074 a month, a gross rental yield of 2.7%.
What is the property tax rate in 35223?
The effective property tax rate in 35223 is 0.7% — roughly $6,845 a year on a typical home.
Who lives in 35223?
ZIP code 35223 has a population of 10,666 and a median household income of $168,278.

#Comparable ZIPs

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

  • Mountain Brook, AL

    Typical home
    $864,865
    Gross yield
    2.1%
  • Vestavia Hills, AL

    Typical home
    $584,108
    Gross yield
    3.7%
  • Hoover, AL

    Typical home
    $563,946
    Gross yield
    3.2%
  • Homewood, AL

    Typical home
    $532,560
    Gross yield
    3.5%
  • Hoover, AL

    Typical home
    $478,412
    Gross yield
    3.4%
  • Hoover, AL

    Typical home
    $439,242
    Gross yield
    5.1%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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