HousingHandbookReference data

U.S. ZIP Code · AL35234

Jefferson County · Birmingham, AL

Typical home value

$98,375[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.2%
5-year / yr
+1.3%
10-year / yr
+9.4%

Relative price

vs U.S.
-65.4%
vs metro
-56.5%
vs state
-49.8%
ZIP 35234 location in AL
Location of ZIP 35234 in AL

Price history

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

The typical home in 35234 is worth $98,375 — 56.5% below the Birmingham, AL median. Over the past year, values have fallen 3.2%. Homes here rent for a typical $903 a month — a 11.0% gross rental yield. The effective property tax rate is 0.2%.

#Rent & investment

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

Monthly rent
$903[2]
Gross yield
11.0%[2]
Cap rate
6.6%[2]

#Property tax

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

Effective tax rate
0.2%[3]
Typical annual tax
$238[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
3,879[3]
Median household income
$26,831[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
1
Elementary
1
Middle
0
High
0
  • Norwood Elementary School

    Elementary · Grades PK–5 · Birmingham City

    227 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 yield11.0%
Net yield (after ~40% expenses)6.6%
Annual rent$10,840

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$497
Loan principal$78,700
Down payment$19,675
Total interest paid$100,378

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 ratio0.66
Monthly cost to own$599
Monthly rent$903

Owning 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
17th percentile[1]
Rental yield
84th percentile[2]
Property tax
22nd percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 35234?
The typical home in 35234 is worth $98,375, based on the Zillow Home Value Index.
Are home values rising in 35234?
Home values in 35234 are down 3.2% over the past year, and up 1.3% a year over five years.
What is the typical rent in 35234?
A typical home in 35234 rents for about $903 a month, a gross rental yield of 11.0%.
What is the property tax rate in 35234?
The effective property tax rate in 35234 is 0.2% — roughly $238 a year on a typical home.
Who lives in 35234?
ZIP code 35234 has a population of 3,879 and a median household income of $26,831.

#Comparable ZIPs

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

  • Birmingham, AL

    Typical home
    $98,283
    Gross yield
  • Birmingham, AL

    Typical home
    $100,897
    Gross yield
  • Cordova, AL

    Typical home
    $94,079
    Gross yield
  • Oakman, AL

    Typical home
    $103,019
    Gross yield
  • Fairfield, AL

    Typical home
    $93,677
    Gross yield
  • Nauvoo, AL

    Typical home
    $103,279
    Gross yield

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