Co-living investing in Birmingham, AL

Birmingham has the lowest SFR acquisition prices of our target markets — typically $110K–$160K for co-living-eligible properties. The city's healthcare and university workforce (UAB, Ascension St. Vincent's) provides a stable renter base, while acquisition price advantages produce the strongest yield math in our portfolio.

Birmingham has seen population stabilization after decades of decline, driven by UAB's expansion into a major medical research institution and growing professional services sector. The city's affordability is attracting remote workers and young professionals from higher-cost metros.

The Housing Authority of the Birmingham District administers Housing Choice Vouchers and participates in HUD-VASH. Birmingham has a significant veteran population and a high concentration of voucher-eligible residents relative to market size — making it a strong target for the mission-driven stream.