Market Snapshot Birmingham Q1 2025

Market Overview

In Q1 2025, Birmingham’s multifamily fundamentals stayed stable despite broader market headwinds. Average occupancy held around 93%, and rent growth clocked in at 2.1% YoY. Submarkets like Hoover and Trussville outperformed due to strong schools and limited supply. While development is slowing across much of the Southeast, Birmingham's relative affordability continues to attract renters priced out of other metros. Investors are increasingly targeting stabilized assets with upside in renovations and operational efficiency.

About MMG

MMG provides essential visibility into smaller and mid-sized multifamily markets, and Birmingham is no exception. Their local expertise and clean reporting format make it easy to spot submarket shifts and pipeline risks. MMG’s Birmingham snapshot is built for operators and investors who value timeliness, clarity, and relevance over fluff.