Birmingham-Hoover vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Birmingham-Hoover is 18% cheaper for renters. A 2-bedroom rents for $863/mo vs $1,021/mo in Richmond — saving $1,896/year.
Rent by Unit Size
| Unit Size | Birmingham-Hoover | Richmond | Difference |
|---|---|---|---|
| Studio | $540 | $669 | $129 |
| 1 Bedroom | $687 | $842 | $155 |
| 2 Bedrooms | $863 | $1,021 | $158 |
| 3 Bedrooms | $1,083 | $1,317 | $234 |
| 4 Bedrooms | $1,216 | $1,453 | $237 |
| Median Income | $46,088 | $69,914 | $23,826 |
Birmingham-Hoover
- Studio
- $540/mo
- 1 BR
- $687/mo
- 2 BR
- $863/mo
- 3 BR
- $1,083/mo
- 4 BR
- $1,216/mo
- Median Income
- $46,088/yr
Richmond
- Studio
- $669/mo
- 1 BR
- $842/mo
- 2 BR
- $1,021/mo
- 3 BR
- $1,317/mo
- 4 BR
- $1,453/mo
- Median Income
- $69,914/yr
Frequently Asked Questions
Is Birmingham-Hoover or Richmond cheaper to rent in?
Birmingham-Hoover is cheaper — a 2-bedroom Fair Market Rent is $863/mo vs $1,021/mo in Richmond. That's $158/mo or $1,896/year more expensive in Richmond (18% higher).
What is the 2-bedroom rent in Birmingham-Hoover vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Birmingham-Hoover is $863/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Birmingham-Hoover and Richmond?
The median household income in Birmingham-Hoover is $46,088/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Birmingham-Hoover vs Richmond?
A studio apartment Fair Market Rent in Birmingham-Hoover is $540/mo. In Richmond it is $669/mo.