Birmingham among top housing markets for singles

It’s already been documented that Millennials are attracted to Birmingham’s housing market, but a recent study suggests another demographic finds the Magic City’s housing stock inviting as well.
According to a new study by Realtor.com, Birmingham ranks among the top markets in the U.S. for attracting singles.
“These markets are not simply places with a high number of singles; in fact, the raw share of singles in these markets combined is about the same as the U.S. average,” says Javier Vivas, of Realtor.com. “What really distinguishes this set are the more favorable conditions singles face when it comes to home ownership. Some of those right ingredients include solid job creation, rational price appreciation, and varied amounts of affordable inventory.”
According to the study, Birmingham boasts a 28 percent higher number of single-owned homes than the U.S. as a whole, with a median home price of $178,000.
Top on the list was Atlanta with a 26 percent single-home owned mark with a median home price of $234,000. Other cities on the list were Denver, Indianapolis, Minneapolis, Nashville, Orlando, Pittsburgh, Raleigh and St. Louis.
This past summer, the Birmingham Business Journal conducted a survey of Millennials, a generation that is getting married at a slower pace than past generations, regarding what attracts them to the Magic City. Not surprisingly, housing affordability was one of the things listed that attract the younger crowd.