Vestavia Hills, Alabama Housing Market Prices
Vestavia Hills Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 96% above the Alabama median$314,215
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Median rent 46% above the Alabama median$1,475
Housing Market Overview
| Metric | Vestavia Hills | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $314,215 | $160,474 | $248,835 |
| Price Trend (Annual %) | 7.0% | 6.3% | 7.5% |
| Median Gross Rent | $1,475 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vestavia Hills is about 96% higher than in Alabama. Rent is about 46% higher than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Vestavia Hills, up about 7.0% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Vestavia Hills rose about 50.2% between 2015 and 2024, from $982 to $1,475. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Vestavia Hills.
Buying the median-priced home in Vestavia Hills costs roughly 17.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Vestavia Hills. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Vestavia Hills | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $314,215 | $160,474 | $248,835 |
| Median Household Income | $112,165 | $64,544 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Vestavia Hills rose about 31.8%, while median household income rose about 47.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Vestavia Hills | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.3% | 60.0% | 58.5% |
| Rental Rate | 27.4% | 25.5% | 31.2% |
| Vacancy Rate | 8.3% | 14.5% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Vestavia Hills has a homeownership rate of 64.3%, higher than the Alabama average of 60.0%. Its housing vacancy rate is 8.3%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Vestavia Hills | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1982 | 1985 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Vestavia Hills was built around 1982. On average, 2.4 people live in a home with about 6.6 rooms, staying for about 12.0 years on average.
Vestavia Hills, AL Housing Compared With Nearby Cities
How Vestavia Hills, AL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Vestavia Hills, AL | 32,245 | $314,215 #1/2 | $1,475 #2/2 | 70.2% #2/2 |
| Mountain Brook, AL | 23,287 | $312,505 | $1,575 | 81.8% |
Frequently Asked Questions
Common questions about the housing market in Vestavia Hills, Alabama.
What is the median home price in Vestavia Hills, Alabama?
The median home price in Vestavia Hills, Alabama is $314,215, higher than the Alabama average of $160,474.
What is the average home price in Vestavia Hills, Alabama?
The typical home price in Vestavia Hills, Alabama, reported as the median sale price, is $314,215. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Vestavia Hills, Alabama?
The median gross rent in Vestavia Hills, Alabama is $1,475 per month, higher than the Alabama average of $1,007.
What was the median gross rent in Vestavia Hills in 2020?
In 2020, the median gross rent in Vestavia Hills, Alabama was $1,191 per month.
What is the price-to-rent ratio in Vestavia Hills, Alabama?
The price-to-rent ratio in Vestavia Hills, Alabama is about 17.8, meaning it would take roughly 17.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Vestavia Hills.
Are home prices or rent rising faster in Vestavia Hills, Alabama?
Both home prices and rent are rising in Vestavia Hills, up about 7.0% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Vestavia Hills, Alabama?
64.3% of households in Vestavia Hills, Alabama own their home, higher than the Alabama average of 60.0%.
What is the vacancy rate in Vestavia Hills, Alabama?
The housing vacancy rate in Vestavia Hills, Alabama is 8.3%, lower than the Alabama average of 14.5%.
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