Birmingham, January 7, 2026
A $5.6 million sale of an apartment complex in the Center Point area highlights sustained private investment in Birmingham’s multifamily real estate sector. This reflects positive sentiment among investors regarding the economic growth prospects in Birmingham, particularly in established communities. The sale marks a significant milestone for the Birmingham metro area, indicating continued confidence in the local economy and community development.
Birmingham
Center Point Apartment Complex Trades Hands for $5.6 Million, Signifying Continued Investment in Birmingham Metro
A recent $5.6 million transaction in the Center Point area underscores the ongoing private investment and entrepreneurial confidence shaping Birmingham’s economic landscape, particularly within its robust multifamily real estate sector. This significant sale highlights the appeal of established communities within the broader metropolitan area for both investors and residents.
Birmingham, Alabama, continues to demonstrate its resilience and potential for economic growth, drawing attention from various sectors. The recent sale of an apartment complex in the City of Center Point for $5.6 million exemplifies this trend, reflecting a strategic move by private investors to capitalize on the region’s enduring value and growth prospects. Such transactions are not merely financial exchanges; they represent a vote of confidence in local communities and their capacity for sustainable development. When entrepreneurs and investment groups commit capital to areas like Center Point, it often signals an optimistic outlook on job creation, population stability, and the overall vitality of the local economy.
The City of Center Point, an integral part of the Birmingham metropolitan area, has been actively cultivating an environment conducive to business growth and community well-being. Initiatives focused on economic development aim to position the city as an ideal place to live and conduct business, fostering opportunities for equitable growth, innovation, and strategic investments. This proactive approach by local leadership plays a crucial role in attracting the private capital necessary for sustained progress.
Investment in Center Point: A Closer Look
The acquisition of the Center Point area apartment complex for $5.6 million represents a notable event within the local real estate market. While specific details of the property and parties involved in this particular transaction remain private, the sale price itself is indicative of the substantial capital flowing into Birmingham’s multifamily housing segment. Center Point is a city in Alabama with a projected population of 15,510 in 2025. Its median household income was $52,401 in 2023. The city actively promotes business vitality, job creation, and an increased tax base through its Development Division, which offers economic development assistance programs.
The City of Center Point’s Economic Development Committee (CEDC) is dedicated to fostering a vibrant community by promoting economic growth and preserving assets that make it attractive for both residents and businesses. The CEDC works to encourage and facilitate the development of responsible commercial, industrial, and residential growth to strengthen Center Point’s economy and diversify its tax base. These efforts contribute to creating an attractive environment for private investment in local real estate.
Birmingham’s Multifamily Market Dynamics
The broader Birmingham AL business landscape, particularly the multifamily market, has experienced varied trends. Investment activity during the third quarter of 2025 was steady but somewhat subdued compared to historical norms, with sales volume totaling $71.1 million and an average price per unit of $119,000. Transaction momentum has improved since late 2023 but continues to lag long-term averages, influenced by elevated interest rates and modest rent growth. Cap rates in Birmingham averaged 7.0% in Q3 2025, reflecting a cautious approach by investors towards secondary markets. Most transactions during this period involved private buyers.
Despite these nuances, the Birmingham multifamily market has shown signs of resilience. Net absorption in Q3 2025 was the strongest since 2021, indicating robust renter demand. While the vacancy rate climbed to 13.0% in Q3 2025, largely due to significant new construction outpacing leasing momentum, development activity has seen a contraction in its pipeline from a peak of 2,500 units to about 520, suggesting a cooling in the pace of development. This slowdown in new supply is anticipated to create a more balanced market environment.
Birmingham’s economic fundamentals remain strong. Total employment gains exceeded 18,000 in 2023, a significant increase from 2022, and the unemployment rate fell to 2.2%. This robust economic activity provides a favorable outlook for the housing market, with RealPage forecasting demand to outpace supply in 2024 and 2025, and rent growth rebounding to 2.5% in 2024 and 3.2% in 2025. The metro has sustained near-3% rent growth over the past year, in contrast to some other Sunbelt cities that experienced negative growth. This indicates a resilient local economy supporting multifamily demand.
The Center Point Community Profile
Center Point, incorporated in 2002, is a newer Alabama city located in northeastern Jefferson County. It has historically experienced growth, particularly in the 1960s when over 80% of its homes were built. The city benefits from its strategic location, with proximity to three major interstate systems (US 65, 59/20, and 459) and two state highway systems (AL Highway 75 and 79) running through its limits. Alabama Highway 75 serves as the main thoroughfare, with over 35,000 automobiles traveling it daily.
Demographically, Center Point’s population was 15,603 in 2024. The median age for residents was 33.3 years in 2023. Major employment sectors for residents include Health Care & Social Assistance, Manufacturing, and Retail Trade. The median property value in Center Point was $130,200 in 2023, showing a 9.32% increase from $119,100 in 2022. The homeownership rate is 56.4%. The city also offers various community amenities, including three parks, a strong youth sports program, and numerous community events throughout the year.
The city has also employed prudent fiscal management, using an aggressive grant writing strategy to fund necessities and amenities without incurring significant debt. This strong financial position, combined with local business incentives, positions Center Point for continued development.
Broader Birmingham Housing Market Insights
Across the wider Birmingham housing market, a cooling trend is projected for 2025–2026, indicating a shift towards a buyers’ market. The year-over-year home sales growth in the Birmingham metro dropped to -5.2% in 2025, marking the third consecutive year of negative growth. This downturn follows a slight rebound in 2024 at -2.0% and a steeper decline of -7.3% in 2023. This cooling is attributed to buyer hesitancy in the face of high mortgage rates, limited inventory, and economic uncertainty Nationwide.
Despite these broader trends, the multifamily segment in Birmingham is expected to stabilize gradually in 2025. This stabilization is supported by improving demand fundamentals and a slowdown in new supply. Average rents are projected to increase by 2.1% by year-end 2025, reaching approximately $1,243 per month, reflecting a rebalancing of supply and demand. The average rent in Birmingham was $1,282 as of November 30, 2025. Overall, the Birmingham metropolitan area maintains a lower cost of living and a high quality of life, making it an attractive alternative to other Southeast metros.
Conclusion
The $5.6 million sale of an apartment complex in the Center Point area is a clear indicator of sustained private investment in Birmingham AL business and real estate. While the broader housing market faces some cooling, the multifamily sector demonstrates resilience, supported by strong employment gains and strategic community efforts in areas like Center Point. This commitment from Alabama AL entrepreneurs and investors is vital for fostering continued Birmingham economic growth and ensuring vibrant, thriving neighborhoods. We encourage our readers to support local businesses and stay engaged in the dynamic economic future of our beloved Birmingham.
Frequently Asked Questions
What was the sale price of the Center Point apartment complex?
An apartment complex in the Center Point area sold for $5.6 million.
What is the current population of Center Point, Alabama?
The population of Center Point was 15,603 in 2024.
What are the economic development goals for the City of Center Point?
The City of Center Point’s economic development mission is to establish the city as an ideal place to live and do business by creating opportunities for equitable business growth and innovation, job creation, talent development, and strategic investments in communities.
What are the recent trends in Birmingham’s multifamily real estate market?
Investment activity during Q3 2025 remained steady yet subdued in comparison to historical norms, with sales volume totaling $71.1 million and an average price per unit of $119,000. Net absorption in Q3 2025 was the strongest since 2021, signaling resilient renter demand. The multifamily segment in Birmingham is expected to stabilize gradually in 2025, supported by improving demand fundamentals and a slowdown in new supply. Average rents are projected to increase by 2.1% by year-end 2025.
What is the median household income in Center Point, AL?
In 2023, the median household income of Center Point households was $52,401.
Key Features of the Center Point Area Apartment Complex Sale and Market Context
| Feature | Description | Scope of Fact |
|---|---|---|
| Sale Price | $5.6 million | Local |
| Location | Center Point area, City of Center Point, Alabama | Local |
| Center Point 2024 Population | 15,603 people | Local |
| Center Point 2023 Median Household Income | $52,401 | Local |
| Birmingham Q3 2025 Multifamily Sales Volume | $71.1 million | Local |
| Birmingham Q3 2025 Average Price per Multifamily Unit | $119,000 | Local |
| Birmingham Q3 2025 Multifamily Cap Rates | 7.0% (50–100 basis points above national average) | Local |
| Birmingham 2025 Multifamily Rent Growth Projection | 2.1% by year-end 2025 | Local |
| Birmingham 2025 Multifamily Average Monthly Rental Rate Projection | $1,243 by year-end 2025 | Local |
| Birmingham 2025 Housing Market Trend | Projected to cool, entering a buyers’ market | Local |
| Birmingham 2025 Year-over-year Home Sales Growth | -5.2% (3rd consecutive year of negative growth) | Local |
| Causes of Housing Market Cooling | Buyer hesitancy, high mortgage rates, limited inventory, economic uncertainty | Nationwide |
| Birmingham 2023 Total Employment Gains | Exceeded 18,000 persons | Local |
| Birmingham 2023 Unemployment Rate | Fell to 2.2% | Local |
Deeper Dive: News & Info About This Topic
HERE Resources
Birmingham’s Economic Growth and Community Resilience
Explore 21 New Residential Listings in Birmingham
Birmingham Launches Affordable Housing Initiative
Birmingham’s Real Estate Market Shines with $10.8 Million Apartment Sale
Surge in Multifamily Housing Demand in Birmingham
Birmingham’s Industrial Market Faces Rising Vacancy Rates
Birmingham Sees Surge in $1 Million Homes as Housing Market Evolves
Birmingham Transforms Former USA Economy Lodge into Affordable Housing for Veterans
Northmarq Secures $19.5 Million Refinancing for Market Lofts
Huntsville’s Town Madison Development on the Brink of Completion
Author: STAFF HERE BIRMINGHAM WRITER
The BIRMINGHAM STAFF WRITER represents the experienced team at HEREBirmingham.com, your go-to source for actionable local news and information in Birmingham, Jefferson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Sidewalk Film Festival, Sloss Music & Arts Festival, Magic City Classic, and civil rights commemorations. Our coverage extends to key organizations like the Birmingham Business Alliance and the Birmingham Civil Rights Institute, plus leading businesses in healthcare, finance, and manufacturing that power the local economy such as UAB Medicine, Regions Bank, and Encompass Health. As part of the broader HERE network, including HEREHuntsville.com, we provide comprehensive, credible insights into Alabama's dynamic landscape.
