Average Rent in Birmingham-Hoover, AL
The Fair Market Rent for a 2-bedroom in Birmingham-Hoover, AL is $1,266 per month, based on HUD data. With a median household income of $69,627, a household would spend 21.8% of income on housing at Fair Market Rent. Rent has increased 1.7% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,024 |
| 1 Bedroom | $1,155 |
| 2 Bedroom | $1,266 |
| 3 Bedroom | $1,583 |
| 4 Bedroom | $1,801 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $69,627 |
| Rent Burden (2BR FMR / Income) | 21.8% |
| Income Needed for 2BR (30% rule) | $50,640/yr |