How much is a home worth in ZIP code 35242?

The typical home in 35242 is worth $563,946, based on the Zillow Home Value Index.

Are home values rising in 35242?

Home values in 35242 are up 1.7% over the past year, and up 5.3% a year over five years.

What is the typical rent in 35242?

A typical home in 35242 rents for about $1,491 a month, a gross rental yield of 3.2%.

What is the property tax rate in 35242?

The effective property tax rate in 35242 is 0.5% — roughly $2,753 a year on a typical home.

ZIP code 35242 has a population of 57,374 and a median household income of $117,047.

HousingHandbookReference data

…

U.S. ZIP Code · AL35242

Shelby County · Birmingham, AL

Typical home value

$563,946^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.7%
5-year / yr: +5.3%
10-year / yr: +5.0%

Relative price

vs U.S.: +98.5%
vs metro: +149.4%
vs state: +187.7%

Price history

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

The typical home in 35242 is worth $563,946 — 149.4% above the Birmingham, AL median. Over the past year, values have risen 1.7%. Homes here rent for a typical $1,491 a month — a 3.2% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent: $1,491^[2]
Gross yield: 3.2%^[2]
Cap rate: 1.9%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $2,753^[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: 57,374^[3]
Median household income: $117,047^[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: 11
Elementary: 6
Middle: 3
High: 2

Oak Mountain High School
High · Grades 9–12 · Shelby County
1,652 students
Spain Park High School
High · Grades 9–12 · Hoover City
1,502 students
Oak Mountain Middle School
Middle · Grades 6–8 · Shelby County
1,194 students
Berry Middle School
Middle · Grades 6–8 · Hoover City
1,111 students
Oak Mountain Elementary School
Elementary · Grades PK–3 · Shelby County
689 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.

Home value$Monthly rent$

Gross yield3.2%

Net yield (after ~40% expenses)1.9%

Annual rent$17,889

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,852

Loan principal$451,157

Down payment$112,789

Total interest paid$575,426

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.38

Monthly cost to own$3,552

Monthly rent$1,491

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: 95th percentile^[1]
Rental yield: 4th percentile^[2]
Property tax: 83rd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for most populous in ALView list →

Frequently asked

How much is a home worth in ZIP code 35242?: The typical home in 35242 is worth $563,946, based on the Zillow Home Value Index.
Are home values rising in 35242?: Home values in 35242 are up 1.7% over the past year, and up 5.3% a year over five years.
What is the typical rent in 35242?: A typical home in 35242 rents for about $1,491 a month, a gross rental yield of 3.2%.
What is the property tax rate in 35242?: The effective property tax rate in 35242 is 0.5% — roughly $2,753 a year on a typical home.
Who lives in 35242?: ZIP code 35242 has a population of 57,374 and a median household income of $117,047.

#Comparable ZIPs

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

35243 vs 35242 →
Vestavia Hills, AL
Typical home
$584,108
Gross yield
3.7%
35209 vs 35242 →
Homewood, AL
Typical home
$532,560
Gross yield
3.5%
35244
Hoover, AL
Typical home
$478,412
Gross yield
3.4%
35226
Hoover, AL
Typical home
$439,242
Gross yield
5.1%
35054
Pell City, AL
Typical home
$413,793
Gross yield
—
35216
Vestavia Hills, AL
Typical home
$413,752
Gross yield
3.8%

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Compare ZIPs

Pit ZIP 35242 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · AL35242

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