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#יזמתהשבוי Neta Or #יםמהשבוי #פוסט5 I am dedicating the next post to Gal Levi. The community member, a magical woman and a brilliant investor. She died yesterday of cancer, after a long war, and she
- Market Review
Metro population:
1.2 m
Median Home Income:
52,000 dollars
Unemployment rate:
4.40%
Median House Price:
100,000 dollars
Median monthly rent:
995 dollars
Birmingham, located at the foot of the Appalachian Mountains, is the most populous city in the state of Alabama and the county seat of Jefferson County.
At the height of the country's era of production, the city grew so fast in population that it earned the nickname "Magic City". The nickname stuck when they discovered that it was also the only city in the world where the three raw materials used to produce steel (coal, limestone and iron ore) occur naturally within a radius of ten kilometers.
In recent decades, Birmingham has undergone a major renaissance and has become a hub for advertising, medical research, banking, construction and services companies. Today, the Magic City is considered one of the liveliest cities in the country because of the vibrant city center, the evolving loft community and the world-class culinary scene. In fact, Birmingham was voted the No. 1 emerging food city by Zagat in 2016.
Why invest here?
Birmingham, Alabama is a stable, lower-risk real estate market where investors can purchase cash flows of real estate for $ 80,000 to $ 160,000. These factors make it a popular place for new investors to get their feet wet and for anyone looking for a reasonable investment that can generate a steady monthly income.
- Trends
Overview
Housing market trends
Trends in the population
employment
Conclusions
Overview
Brands Trends and Statistics 2018-2019
In this section you will learn about the main factors that make Birmingham one of the most popular real estate markets for 2019, including: affordable apartment values, passive income and stability. Investigate the housing, population and employment market trends in Birmingham in the tabs for more information.
Note: This page was updated for quality and accuracy on November 16, 2018.
Sources of information :
- https://factfinder.census.gov/
- https://www.deptofnumbers.com/employment/new-mexico/albuquerque/
- https://www.zillow.com/albuquerque-metro-nm_r394312/home-values/
- Real Affiliate Data of a Real Wealth Network
Housing market trends
Home values in Birmingham are cheaper than many other real estate markets in the US today
- The median price of the average 3-bedroom home in Birmingham was $ 100,000 in January 2018. That’s 51% less than the median value nationwide. As of September 2018, three-bedroom home values had risen to a median of $ 108,000, which is 47% less than the national average.
- In neighborhoods where members of the Wealth Real network invest home values ranging from about $ 80,000 to $ 160,000. This is a median price of $ 110,000 which is 45% less than the average home with 3 bedrooms nationwide.
- This shows us that real estate in Birmingham is uniquely cheap, but it may not happen in the long run.
The median rent for the purchase price of homes in Birmingham is higher than more expensive U.S. cities.
- This shows us that it is possible to generate passive monthly cash flow in Birmingham in relation to rent per purchase significantly higher than the national average.
- In January 2018, the average monthly rent of a three-bedroom home in the United States was $ 3, which is 1,427% of the median purchase price of $ 0.71.
- The average monthly rent of a 3-bedroom home in Birmingham is $ 995, which is over 1.00% of the median purchase price of $ 100,000.
- In neighborhoods where members of the Wealth Real network invest, the median monthly rent for real prison assets is $ 1,099. This is also 1.00% of the median purchase price of $ 110,000.
Birmingham's real estate market is more stable than many other markets in the US, which probably makes investing here less risky.
- Over the past six years, the average 3-bedroom family home in the Birmingham Metro has been estimated at a fixed rate of 0.82% per annum.
- In the specific neighborhoods in which members of the Wealth Real network invest, the rate of appreciation for seven years is slightly higher - 0.92% per year.
Rents in Birmingham are rising faster than the national average
Trends in the population
Birmingham is experiencing consistent growth from year to year
- Since 2010 the population of Birmingham has grown at a steady rate of 0.26%.
- The total population growth during this period was 1.85%, which is about 65% slower than the national average.
employment
In recent decades, Birmingham has undergone a major renaissance and has become a hub for advertising, medical research, banking, construction and services companies. The major private companies in the city include O'Neal Industries, EBSCO Industries, Drummond Co., Inc. And Brasfield & Gorrie, LLC.
Between August 2017 and August 2018 the number of jobs at the Birmingham Metro increased by 1.24%.
This shows us that Birmingham is experiencing consistent growth from year to year. And while this growth is not amazing, it is another indicator that Birmingham's real estate market will continue to be stable in the coming years.
Conclusions
Birmingham pays off
- The average apartment prices in Birmingham are still lower than national levels, which means that the investment here is cheaper than many other cities in the US today.
- The median price of a fully renovated 3-bedroom real-estate property ranges from $ 80,000 to $ 160,000, which is about 45% lower than home values nationwide.
Birmingham is flowing cash
- Single-family homes in Birmingham can rent more than 1% of the purchase price, which means there is a strong cash flow opportunity here.
- The median rent of a real renovated property with 3 bedrooms ס is $ 1,099, which is 1.00% of the median purchase price.
Birmingham is stable
- Birmingham is not experiencing wild changes or changes in depreciation, making it more stable than many other cities in the U.S. today. This means that investing here is probably less risky than many other marketers as well.
Birmingham is growing steadily
- Over the past 6 years, Birmingham has experienced an increase in population as well as an increase in employment at a steady annual rate. This is a good sign that this market will continue to be stable for many years to come.
- Large employers
- News
- Ranked 1st in the most affordable cities in America "- Forbes
- "Ranked first in the next hot food cities in America" - Zagat
- "Ranked 7th most lucrative market" - Zillow
- "No. 2 Where to buy a house if you can not pay a large down payment" - Business Insider
- "The best place for a blocked party" - Insider Insider
- "The Birmingham Real Estate Market is Moving in the Right Direction" - Capital Builders
- "City No. 7 for Young People's Population Growth" - Birmingham Business Alliance
- Learning resources
Real Estate Deals
House # Verona Rd, Verona, PA 15147
Property Details Price: $50,350 Property Type: Single Family Home Bedrooms: 3 Bathrooms: 1 Total size: 1,200 SQ FT Lot Size: 6,650 SQ FT Year Built: 1905 3rd Bed in basement. Market rent - $1250. Currently tenant occupied with Section 8 rent $800. How to Contact Us about this property and keep being informed of our future […]
- Property teams
Known primarily for its annual balloon fiesta and as part of AMC's performance show "Breaking Bad," Albuquerque, New Mexico, is a metropolitan area rich in culture and naturally beautiful. Albuquerque is also one of the largest cities in the southwest of the city, with a diverse population and some of the leading high-tech research enterprises in the country, including National Sandia Laboratories, Intel and the University of New Mexico. At the same time, its cultural traditions continue to be an integral part of daily life in the city. With one foot in the past, one foot in the present and two eyes for the future, Albuquerque is a fascinating place to visit and an even better place to call home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)
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- Sample properties
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- Friendships
Lior Lustig
Lior Lustig CEO - Overseas Investors Forum
- support@forumnadlanusa.com
- 072 - 257-7374
- (978) 600-8229
Lior Lustig is an experienced real estate investor who has been active in the field in Israel and the United States since 2007. Lior has extensive experience in purchasing and managing single and multi-family properties.
Lior currently manages the Real Estate Investors Forum, which owns a brand and interest in the real estate field, the Facebook group and the "Real Estate Forum in the United States" website. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.