Birmingham, AL Market

[James You]

I keep hearing about Birmingham market in numerous podcasts as an up and coming city for investment.  What are your thoughts on the market and its potential growth?  Alabama has a historic stigma of segregation and racism, and would such social issue be something to be concerned as an investor?  

Based on the economic datas, I don't see much migration into the city, or jump in job growth in recent years.  Also I see a bit of high unemployment rate compare to other hot cities like Indy, KC, Memphis.

[Clayton Mobley]

@James You We are a Birmingham, AL turnkey company and we love it here! There has been a huge revamp of the downtown area in recent years and Millennial entrepreneurs have been flocking to the city. In general, our population is getting younger, which bodes well for future growth. In fact, our median age is lower than the state and national averages. Things down here aren't as dramatic as other markets - our population, like our property prices, grows at a slow and steady pace. 

While our history isn't something we can or should erase - we can't pretend the south isn't...the south - it's also not something that has to define us as we move forward. Birmingham has grown into a multi cultural hub, with a great diversity in employment industries, a fantastic university and teaching hospital, and a great growth in the tech and healthcare sectors. I'm biased, of course, but there's a good reason you keep seeing Birmingham pop up ;)

One of our team members recently spent absolutely ages researching and pulling data for an updated report on the Birmingham market for Get Rich Education. If you (or anyone else) is interested, feel free to shoot me a PM, or you can get it yourself from Keith's awesome site: http://www.getricheducation.com/Birmingham/

There a many great markets all over the country, but we're happy to Birmingham-based!

Best of luck!