Study shows Birmingham rent prices attract homebuyers from California and New York

Study shows Birmingham rent prices attract homebuyers from California and New York

People may be looking to fly south for more than just the winter according to a recent study from data analysis site Stacker.

Eight of the top ten cities where people search for homes in Birmingham are outside of the state according to the study which was compiled using demand data from Realtor.com. In Chicago, the number one city in the list, more than 30% of people looking for homes are looking in the Birmingham area.

Local real estate agent Chris Prichard said in her experience, this is largely because the metro’s competitive living prices attract outside investors.

Prichard said she has regularly sold homes to investors from California who are wowed by how much cheaper they are.

“One thing I notice about 8 of the top 10 markets in this article is that they are all more expensive places to live than Birmingham in terms of housing,” said Prichard.