ZIP Code Market Report · Updated May 2026
Is 35201 a Buyer's
or Seller's Market?
📍 Birmingham, Alabama · AL
61
🔵 COOLING
Buyer has leverage
38 days avg on market · Tax rate: 0.42%/yr
Mortgage Breakdown — 35201
Median Price$230,000
20% Down$46,000
Loan Amount$184,000
Rate (~6.7%)$1,187/mo P&I
Property Tax$80/mo
Total PITI$1,362/mo
Income Needed$45,400/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
22.9%
of FHA applications denied in Birmingham-Hoover, AL, 2025 · national 22.1%
United Wholesale Mortgage
16.6% DHI Mortgage Company, LTD.
19.9% FREEDOM MORTGAGE CORPORATION
21.7% A 33.2-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 42.3% versus 16.4% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
Get the Dispatch →