Birmingham Real Estate Forum

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Michael Choy
  • Rental Property Investor
  • Newark, CA
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Any concerns with the declining population in Birmingham?

Michael Choy
  • Rental Property Investor
  • Newark, CA
Posted Jun 12 2021, 16:28

Hi all, 

I'm a new investor vetting multiple markets for buy and hold SFH. Based on my research, it looks like Birmingham is a great place to invest:

  • Diverse jobs/economy (Financial offices in BBVA and Wells Fargo, health care providers like UAB, car manufacturers with Mercedes and Honda, and growing distribution centers like Amazon)
  • Cost of living is affordable
  • High % of renters with low vacancy %
  • Best of all: Low property taxes! 

However, it does look like Birmingham has had a steady population decline over the past few decades. Are any investors concerned that the population decline will lead to more vacancies, lower rents, etc in the future? 

Cheers, Michael 

    Birmingham, Alabama

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