Vestavia Hills, Alabama Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Vestavia Hills, Alabama rental market.
Vestavia Hills, Alabama
Average Apartment Rent
$1,325
Y-o-Y Change in Average
Apartment Rent
1.5%
As of November 2024
Compared to a year ago, Vestavia Hills, Alabama apartments have recorded a 1.5% rent increase.
Vestavia Hills, Alabama Average apartment rent trend
Vestavia Hills, Alabama Average Apartment Rent
Vestavia Hills, Alabama Apartment rent ranges
At 61.78%, apartments priced $1,000 - $1,500 represent the bulk of Vestavia Hills, Alabama rentals, while condos priced Over $2,000 hold the lowest share of the market – 4.2%.
Vestavia Hills, Alabama Housing tenure**
Renters take up 23% of Vestavia Hills, Alabama real estate, occupying a total of 3,537 units, while homeowners live in 11,658 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$60,618
Average household size of renter-occupied housing units**
1.86
Rental vacancy rate**
6.6%
Vestavia Hills, Alabama Renter-occupied housing units by no. of bedrooms**
There are 1,845 rentals in Vestavia Hills, Alabama with 2 beds making up the highest share of the market, at 52%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 25 units. Overall, the median number of rooms in Vestavia Hills, Alabama homes for rent is 4.
Vestavia Hills, Alabama Renter-occupied units by age of householder**
Most condos for rent in Vestavia Hills, Alabama are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 4%.
Vestavia Hills, Alabama Renter-occupied housing units by family type**
Vestavia Hills, Alabama Renter-occupied housing units by the presence of own children**
A total of 1,441 apartments for rent in Vestavia Hills, Alabama, or 41% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 700 units. All in all, the median size of a renter-occupied household in Vestavia Hills, Alabama is 1.86.
Vestavia Hills, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 52% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Vestavia Hills, Alabama.
Vestavia Hills, Alabama Renter-occupied units by year structure built**
The highest share of Vestavia Hills, Alabama apartment rentals, namely 22% or 782 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (22%, 761 units), and the ones Built 1980 - 1989 (18%, 622 units).
Vestavia Hills, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Vestavia Hills, Alabama renters (39%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Vestavia Hills, Alabama condos for rent is 2019.
Vestavia Hills, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Vestavia Hills, Alabama renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 14% have No vehicle available.
Vestavia Hills, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Vestavia Hills, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
Vestavia Hills, Alabama Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Vestavia Hills, Alabama apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
