• Birmingham’s stable economy, growing population, and cheap cost of living have helped plenty of Airbnb hosts & investors to generate a nice rental income.
• Learn the top reasons why buying a property investment in Alabama can become a financially rewarding experience for investors.
• Get a glimpse of the most lucrative neighborhoods and nearby cities in Birmingham, AL while discovering their Airbnb data and recommended property sizes.

Introduction

You must have heard the melody of Sweet Home Alabama, right? But there’s much more about this beautiful state than the chorus of this song. Alabama is a land full of rich history, culture, and offers plenty of adventures! 

Among the major cities of Alabama, we can find the most populous metropolitan area, Birmingham, which is bordered by the imposing Appalachians. Birmingham is a charming city filled with entertaining experiences. This is one of the main reasons why visitors come back without hesitation.

In this blog, we’ll open the doors for you to discover the best places to invest in Airbnb near Birmingham, Alabama. We also noted some of the advantages that real estate investors can have when buying a rental property in this location. Interested in learning more? Then continue reading.

Why should you consider investing in rental properties in Alabama?

Investing in short-term rentals in Alabama is an excellent plan since you can achieve financial freedom. This city also offers a variety of opportunities to real estate investors.

Yet, there’s an important question – what kind of advantages does this state offer to real estate investors? Check out some of the top reasons why you should consider investing in Alabama’s real estate market:

• Strong economy & low unemployment rate

Alabama is an innovative state with a healthy economy that is mainly driven by industries like real estate, manufacturing, healthcare, aerospace, and tourism. The state’s GDP reached $206.9B in 2022 as confirmed by IBISWorld. In addition to this, the unemployment rate in the state is currently 2.5%, which is lower than the national average. 

If we dive deeper, we can find that the metropolitan area of Birmingham is home to many big corporations like Regions Financial Corporation, Coca-Cola Bottling Company, and Brasfield & Gorrie. These companies provide a great number of great job opportunities that make young professionals relocate to the city.

• Affordable cost of living

The state of Alabama enjoys a strong & diverse economy and its population is steadily growing. On top of that, the state also has one of the lowest property taxes in the US. Considering this, its rental market experiments a strong demand. 

Alabama’s overall cost of living is lower than the national average and in most cities, the median housing price is also cheaper. For example, in major cities like Birmingham, the median house value is $95K, $127K  in Montgomery, and $168K in Mobile.

• Rich history and plenty of leisure options

Alabama is a state that blends history, culture, and adventures together with fantastic natural surroundings while great music plays in the background. So it’s understandable that over 28M people visit the city every year.

From interesting museums to great restaurants, beaches and mountains, Alabama surely has something for everyone. In fact, it has a great location as it is bordered by the Gulf of Mexico in the southern area while the northern parts of the state are mostly mountainous as it’s flanked by the Appalachian mountains.