Martin Luther King Jr Dr / 3rd Ave SW median real estate price is $73,538, which is less expensive than 80.5% of Alabama neighborhoods and 93.1% of all U.S. neighborhoods.
The average rental price in Martin Luther King Jr Dr / 3rd Ave SW is currently $1,003, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.1% of the neighborhoods in Alabama.
Martin Luther King Jr Dr / 3rd Ave SW is an urban neighborhood (based on population density) located in Birmingham, Alabama.
Martin Luther King Jr Dr / 3rd Ave SW real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Martin Luther King Jr Dr / 3rd Ave SW neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Martin Luther King Jr Dr / 3rd Ave SW. The current real estate vacancy rate here is 41.2%. This is higher than the rate of vacancies in 97.5% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.