Market Overview
Home Prices in Birmingham, IA
The median home value in Birmingham, IA is $196,222 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.6% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Birmingham are priced52% below average. Birmingham is part of the Fairfield, IA metro area.
Over the past five years, Birmingham home values have risen by approximately34.5%, reflecting strong long-term appreciation in this market.
Price History
Birmingham Home Price Trend
City Comparison
Birmingham vs. National Median
At $196,222, homes in Birmingham cost 52% below the national median of $410,000. This makes Birmingham a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Birmingham?
20% Down Payment
$39,244
on $196,222
Monthly P&I
$1,023/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,299/mo
incl. taxes & insurance
Income Needed
$51,960
gross annual (30% rule)
10% Down Option
$19,622
+ PMI applies
Loan Amount (20% dn)
$156,978
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Birmingham, IA?
The median home value in Birmingham is $196,222 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.6% year-over-year.
How much have home prices changed in Birmingham?
Over the past year, home values in Birmingham have increased by 9.6%. Over five years, prices have risen approximately 34.5%.
How much do I need to earn to buy a home in Birmingham?
To comfortably afford the median home price of $196,222 with a 20% down payment ($39,244) at today's rates (6.8%), you'd need a gross annual income of approximately $51,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Birmingham compare to the national average home price?
The national median home value is approximately $410,000. At $196,222, homes in Birmingham are 52% below the national average.
What metro area is Birmingham part of?
Birmingham is part of the Fairfield, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.