INCOME BY POPULATION PERCENT
BIRMINGHAM
BIRMINGHAM-HOOVER METRO
ALABAMA STATE
23.1%
UNDER $15K
13.6%
15.7%
8.8%
$15-20K
5.5%
6.3%
13.4%
$20-30K
10.7%
11.6%
11.4%
$30-40K
9.9%
10.4%
9%
$40-50K
8.4%
8.9%
7.1%
$50-60K
7.8%
8.1%
560-75K
8.7%
10%
9.5%
$75-100K
8.3%
12%
11.1%
$100-150K
6.7%
12.8%
11.3%
$150-200K
1.8%
4.8%
3.9%
OVER $200K
1.7%
4.6%
3.3%
0
2
4
6
8
10
12
14
16
18
20
22
24
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PERCENT
you have the opportunity to buy at a low price and rent out the property at a price that’s much higher than the monthly mortgage would be. One reason Birmingham is a recession-proof market is the constant job growth the city experiences. During the past year, the city has had job growth of around 2% . Recent estimates state job growth in the city during the next decade should be around 29%. Investing in a city with high job growth means you should be able to avoid tenancy issues. A hot job
market typically indicates the real estate market will also be popular.
all proven to be popular destinations among buyers. When you invest in one of these markets, it’s likely the value of your property will continue to increase the longer you hold it. •
INCREASING VALUE OF ASSETS Real estate is one type of
investment that you don’t need to stop adding to your portfolio when a recession hits. During poor economic times, you may be able to keep your income high and reduce portfolio losses by investing in markets con- sidered to be recession-proof. The five aforementioned markets have
Zach Lemaster is the founder and CEO of Rent To Retirement. Lemaster is a sea- soned real estate investor who has accumulated a large portfolio of rental
properties across multiple markets, including sin- gle-family, multifamily, commercial, and new construction. He is passionate about educating oth- ers on the numerous benefits of real estate investing and how to use real estate as a means to create the lifestyle each person desires.
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