Martin Luther King Jr Dr / 3rd Pl SW median real estate price is $100,074, which is more expensive than 46.7% of the neighborhoods in Alabama and 18.1% of the neighborhoods in the U.S.
The average rental price in Martin Luther King Jr Dr / 3rd Pl SW is currently $735, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.1% of Alabama neighborhoods.
Martin Luther King Jr Dr / 3rd Pl SW is a suburban neighborhood (based on population density) located in Birmingham, Alabama.
Martin Luther King Jr Dr / 3rd Pl SW real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Martin Luther King Jr Dr / 3rd Pl SW neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Martin Luther King Jr Dr / 3rd Pl SW has a 11.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.