| Context | Value |
|---|
| Location | Birmingham, AL |
| County | Jefferson County |
| National rank | #4,258 of 14,967 |
| State rank | #43 of 258 |
| City rank | #11 of 88 |
| County rank | #11 of 88 |
| National percentile | 71.6 |
| National band | MIDDLE_50_PERCENT |
Housing and local fundamentals
| Housing and market metrics | Value |
|---|
| Current Zillow home value | $183,453 |
| Year-over-year home value change | 3.9% |
| Month-over-month home value change | 0.02% |
| Home value to income ratio | 2.48 |
| Median household income | $73,915 |
| Bachelor's degree or higher | 23.5% |
| Civilian unemployment rate | 4.5% |
| Homeownership rate | 69.5% |
| Housing vacancy rate | 3.4% |
| Rent burden 30% or higher | 66.0% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Smithfield Estates
What is the Best Neighborhoods USA ranking for Smithfield Estates?
Smithfield Estates is ranked #11 of 88 eligible neighborhoods in Birmingham; #43 of 258 eligible neighborhoods in AL; and #4,258 of 14,967 eligible neighborhoods in the United States.
Is Smithfield Estates one of the best neighborhoods in Birmingham?
Smithfield Estates has a Best Neighborhoods USA Index of 59.3 and a city ranking of #11 of 88 eligible neighborhoods in Birmingham.
How much are homes worth in Smithfield Estates?
The current Zillow Home Value Index for Smithfield Estates is approximately $183,453.
Are home values rising or falling in Smithfield Estates?
Zillow neighborhood values changed 3.9% year over year and 0.02% month over month.
What is the Neighborhood Momentum Score for Smithfield Estates?
Smithfield Estates has a Neighborhood Momentum Score of 70.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Smithfield Estates?
The NDS-derived neighborhood median household income is approximately $73,915.
How affordable is Smithfield Estates relative to household income?
The current Zillow home-value-to-household-income ratio is 2.48. Price-to-income affordability is a major Value Opportunity input.
Is Smithfield Estates primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 69.5%.
What is the unemployment rate in Smithfield Estates?
The NDS-derived civilian unemployment rate is approximately 4.5%.
How educated are residents of Smithfield Estates?
Approximately 23.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Smithfield Estates face high rent burden?
Approximately 66.0% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Smithfield Estates?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
FULL_OR_NEAR_FULL
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry.
These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications128
Estimated originations64
Home-purchase applications58
Origination rate49.8%
Home-purchase share45.3%
Average application loan$139,061
Total application loan amount$17,787,533
National application rank#3,447 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 4.9% YoY; originations 13.8% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography.
This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation.
Rankings require governed geometry coverage. Applicant demographics are excluded.
Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.