Birmingham, Alabama

Birmingham, a large, growing, and attractive city, provides extensive employment diversification and is in an accelerated process of urban renewal and prosperity. The revolution includes turning old warehouses into offices, opening new gardens, building a secondary league baseball stadium and more. Efforts are bearing fruit and the city is now experiencing a real estate and urban revolution; new residents and businesses are flocking to the city and house prices are on the rise.

Market Overview

Birmingham is a relatively large city located in the state of Alabama. With a population of 212,113 people and 74 constituent neighborhoods, Birmingham is the largest community in Alabama.

Birmingham is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Birmingham is a city of sales and office workers, service providers and professionals. There are especially a lot of people living in Birmingham who work in office and administrative support (15.66%), sales jobs (10.39%) and food service (6.95%).

One thing noticeable about Birmingham, although not a huge city, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Birmingham is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Birmingham a pretty good place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun.

Market Analysis

Alabama has 50,645.29 square miles of land area and 1,774.74 square miles of water area. As of 2010-2014, the total Alabama population is 4,817,678, which has grown 8.33% since 2000. The population growth rate is lower than the national average rate of 11.61%. Alabama median household income is $43,511 in 2010-2014 and has grown by 27.47% since 2000. The income growth rate is about the same as the national average rate of 27.36%. Alabama median house value is $123,800 in 2010-2014 and has grown by 45.48% since 2000. The house value growth rate is about the same as the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%.

Average Days on Market — Birmingham, AL

Median Price Trends — Birmingham, AL

Market Action Index — Birmingham, AL

Market Inventory Trends — Birmingham, AL

Economic Analysis

The Alabama industry is in a huge swing because the US government provides benefits and relief to companies moving to the south. Accordingly, unemployment in Alabama is one of the lowest in the US and the population is growing. In all areas of activity in Alabama there has been growth and prosperity. The state is the center of a densely populated and developing region, offering a unique selection of logistics and storage solutions.

Unemployment Rate Trends — Birmingham, AL

Birmingham, Alabama, National. (Recessions shown as gray bars.)

Total Employment Trends — Birmingham, AL

CPS – Current Population Survey,  CES – Current Employment Statistics.

Real Median Household Income Trends — Birmingham, AL

Birmingham, Alabama, National.

Home Rent-to-Mortgage Payment Ratio — Birmingham, AL

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.) The rent-to-mortgage payment ratio for Birmingham was 0.82 in March 2014.

Safe Income Atlanta Map

Atlanta, Georgia

In the last decade Atlanta was one of the fastest growing metropolitan areas in the United States, with its population growing by 18.3%. In some northern districts the growth was 30-50%. The most significant growth is among the relatively young population. A massive continuation of its growth by 20% over the next two decades is predicted.

Atlanta has a high quality of life – a comfortable climate, low cost of living relative to the rest of the United States, high purchasing power, and convenient taxation for the individual. Atlanta real estate law is favorable to apartment owners, allowing quick eviction of a tenant who fails to meet the rental conditions.

Overview

Atlanta, the largest city in Georgia, has a population of 432,427 with 175 constituent neighborhoods. Although Atlanta real estate is among the most expensive in Georgia, prices are much lower than that of much of the other prime real estate across the U.S.

Atlanta is a city of professionals, sales and office workers, and managers: sales jobs (12.60%), office and administrative support (11.78%) and management occupations (11.45%). Atlanta has more people working in computer technology and mathematics than 95% of the places in the US. It is one of the most well-educated cities in the nation. 44.95% of adults in Atlanta have at least a Bachelor’s degree. Compare that to the average community in America, which has just 21.84% with a Bachelor’s degree or higher. The per capita income in Atlanta in 2010 was $35,453, which equates to an annual income of $141,812 for a family of four and makes it one of the wealthiest areas in Georgia and the nation.

Atlanta is one of the most attractive large cities for the young, single, educated, and upwardly-mobile career-starters. Young professionals find many others like themselves here, with excellent opportunities for friendships, recreation, romance, and more.

One of the benefits of being a big city like Atlanta is the public transportation system – both bus and Marta train services – which is the mode of choice for many people getting to and from work every day. With so many people taking convenient public transportation, Atlanta benefits from a reduction in air pollution and traffic.

Market Analysis

Median Price Trends — Atlanta, GA

Market Inventory Trends — Atlanta, GA

Average Days on Market — Atlanta, GA

Market Action Index — Atlanta, GA

Economic Analysis

Unemployment Rate Trends — Atlanta, GA

Atlanta, Georgia, National. (Recessions shownas gray bars.)

Unemployment Rate Trends — Atlanta, GA

 CPS – Current Population Survey,  CES – Current Employment Statistics.

Real Median Household Income Trends — Atlanta, GA

Atlanta, Georgia, National.

Home Rent-to-Mortgage Payment Ratio — Atlanta, GA

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.) The rent-to-mortgage payment ratio for Atlanta was 1.08 in December 2012.

Panama City, Florida

The Emerald Coast of Florida contain the best sugar white sand beaches in America, attracting more than 12 million tourists nights per year. Panama City’s coastal strip stretches over 27 miles (43 km) and is a paradise for water sports, golf, and other recreational activity. With 18.7% growth from 2016 to 2017 in tourism, and double digit growth over the past 5 years. CNN Money Magazine named Panama City the #1 Real Estate Investment location in the USA.

With double the population growth as Manhattan, over 9 million people live within a day’s drive from Panama City Beach. Tourism in the region generates $1.5 billion and grows at double digits each year with 2017 approaching 20% in tourism revenue over 2016. In addition to Panama City itself, the county has seven other local councils: Lynn Haven, Mexico Beach, Panama City Beach and Southport.

In recent years, the real estate market in Panama City has risen significantly, increasing in value in 2016 by 14.2%, while the national average was 6.7%. The population has grown in the last year by 5.8% and a lot of growth in economic development including the $10 billion Eastern Shipbuilding contract for the US Coast Guard high speed cutter project.

Market Overview

Overlooking the Gulf of Mexico, located 98 miles southwest of Tallahassee, Panama City Beach is a part of Bay County, which has a population of 150,000. Approximately 9,500 of these citizens reside in Panama City Beach.

Bay County is an area rich in American history. The St. Andrew Bay area was home to many Indians before it was settled as a community in the 1800s. Pirates found the deep pockets of the Bay ideal to “lie in wait” for richly laden ships in route to Mexico or Spain. Legend has it that many a pirate buried his share of treasure at Spanish Shanty Point on Shell Island.

Another area teeming with history in Panama City Beach is St. Andrews State Recreation Area. During World War II, it was part of the St. Andrews Sound Military Reservation. Circular cannon platforms are still in place near the jetties. Opened in 1951, the park now covers more than 1,200 acres.

Since its founding, Panama City Beach’s economy has greatly depended on its natural blessings making it home of “The World’s Most Beautiful Beaches.”

Panama City Beach has lots of vacation shopping, restaurants and outdoor cafes and coffee shops. Weekday bus service is available to the Panama City Mall and all other major shopping centers in the nearby area. St. Andrews State Park has over 1,200 acres of beaches, sand dunes, nature trails, pinewoods and marshes to explore. The family-fun destination of Panama City Beach is just minutes away and offers beachside amusement parks with arcades, miniature golf, gift shops, sidewalk cafes and restaurants.

Downtown Panama City has become known as the Art District of Bay County. Since 1978, the Bay Arts Alliance has served as the local non-profit agency for Arts in Bay County. The goal of the Alliance is to provide cultural enrichment to the community and its visitors through educational experiences and quality performances.

St. Andrews State Recreation Area is one of the most popular outdoor recreation spots in Florida. Rated the “Number One Beach in America” in 1995 by coastal authority Dr. Stephen Leatherman, it is best known for its 1 1/2 miles of white sand beaches, natural dunes and crystal-clear water.

The soft Panama City Beach sand is actually quartz crystals, which over time has been broken down, bleached, polished and deposited on the shoreline. This natural process has made Panama City Beach home to the “World’s Most Beautiful Beaches.”

Panama City Beach and the surrounding areas maintain 37 parks that offer swimming, fishing and boating, nature trails for hiking and biking, picnicking, golf and tennis. St. Andrews Bay surrounds much of Panama City Beach, providing it with a natural, protected harbor. Several charter boats are available from the harbor for deep-sea fishing.

Houston, Texas

Houston, the largest city in Texas, has long been touted as a great place to live, work and play. In 2008, Kiplinger’s ranked Houston #1 of the 10 Best Cities for Your Future. It’s currently at or near the top for job growth in the U.S and the cost of living is well below the national average.

With 5.5 million residents and a population growth of 15% since 2000, Houston offers unending opportunities for jobs, housing, entertainment, and outdoor activities. Dominated by the oil industry for most of its history, it has since diversified. In 2007 alone, 100,000 jobs were added in the aerospace, medical and technology sectors.

Dallas, Texas

Dallas Ranked #1 Real Estate Market for 2016

1,200 people move to Texas every day, of which half move to the Dallas-Fort Worth Metroplex. Traditionally, Dallas development and expansion has been northward. But there has been an immense change in the last 5 years. With no more room to expand north (unless you wanted to go into Oklahoma), Dallas has been expanding internally. Downtown, Uptown, State Thomas, Harwood, Oak Lawn, M Streets, Bishop Arts, Oak Cliff, Lakewood and other locations within a 2-5 mile radius of Downtown are experiencing a sharp increase in high rises and apartments.

There are 25,000 single-family homes and 35,000 apartments being built in Dallas county. Apartment builders are buying up every piece of available land. These apartments and condominiums are owned by trusts and investors who have no intention to convert or sell. They recognize that Dallas is quickly becoming a mecca for business and the population must grow to meet the ever-increasing number of jobs being created.

“I never considered investing in real estate before I found out about Safe Income USA. Now I have multiple investment properties and I’m making solid returns.”

Lorri and Tim

“Safe Income USA has made the investment process easy, from finding the location to building the home and managing the rental. We couldn’t see investing in real estate without their help.”

Roger

“Please accept our thanks for the help and support you have given us in the process of purchasing and renting our property in Alabama.”

Debbie and John

“I would like to thank you personally for your dedication and care throughout the process of purchasing and renting our first property.”

David

“Investing with Safe Income USA is one of the smartest economic decisions we have made so far.”

Michele and Mike

“I never considered investing in real estate before I found out about Safe Income USA. Now I have multiple investment properties and I’m making solid returns.”

Lorri and Tim

“Safe Income USA has made the investment process easy, from finding the location to building the home and managing the rental. We couldn’t see investing in real estate without their help.”

Roger

“Please accept our thanks for the help and support you have given us in the process of purchasing and renting our property in Alabama.”

Debbie and John

“I would like to thank you personally for your dedication and care throughout the process of purchasing and renting our first property.”

David

“Investing with Safe Income USA is one of the smartest economic decisions I have made so far.”

Michele and Mike
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