Huntsville & Montgomery, Alabama

2019 MARKET OVERVIEW

Atlanta, Georgia


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  • Market Overview

Metro population:

455,000

Median Home Income:

$ 58,000

Unemployment rate:

3.5%

Median House Price:

$ 87,000

Median monthly rent:

$ 904

The fourth-largest city in Alabama, Huntsville is just a 90-mile drive on the I-65 heading north from Birmingham. Founded in 1811, Huntsville is known for its rich Southern heritage and a legacy of space missions. Huntsville actually earned the nickname "The Rocket City" during the 1960s when the Saturn V rocket was developed at Marshall Space Flight Center, which later made it possible for Neil Armstrong and Buzz Aldrin to walk on the moon.

Today, Huntsville is one of the most well known cities in the Southeast part of the country. USA Today touted Huntsville as "one of the top communities leading the economic recovery," while Money magazine named it "one of the nation's most affordable cities."

Huntsville is well known for its technology, space, and defense industries. The top employer is the military with over 31,000 jobs at Redstone Arsenal. NASA Marshall Space Flight Center is the next largest employer. The city is also home to several Fortune 500 companies, which provide a broad base of manufacturing, retail, and service industries to the area.

Why invest here?

Huntsville offers great opportunities for investors today. It's one of the nation's most affordable cities, it has a steady job market that offers STEM workers higher than average salaries, and a growing population (38% of whom are renters). These are good signs for investors interested in generating passive monthly income.

  • Trends

Overview
Trends in the housing market
Trends in the population
employment
Conclusions
Overview

Huntsville Trends & Statistics 2018-2019

In this section, you'll learn about the top factors that make Huntsville one of the most popular real estate markets to invest in today, including: affordable home prices, cash flow, population growth, and job growth. Explore Huntsville's housing market, population, and employment trends in the tabs to learn more.

Data Sources:

Trends in the housing market

Property values ​​in Huntsville are much lower than many other real estate markets in the United States today.

  • n January 2018, the median price of 3 bedroom homes in Huntsville was $ 151,000. This is 25% more affordable than the median $ 202,000 3 bedroom home price nationwide.
  • In the neighborhoods where RWN members invest the median price of 3 bedroom homes in Huntsville was $ 87,000 in January 2018. This is 57% less than the national average of $ 202,000.
  • This shows us that property values ​​in Huntsville much lower than many other cities across the United States today, especially in the areas where RWN members invest.

It's possible to generate solid rental income in Huntsville.

  • In January 2018 the median monthly rent 3 bedroom homes in Huntsville was $ 1,121, which is 1.17% of the purchase price of $ 151,000. This is considerable above the national purchase-to-rent ratio of 0.71%.
  • In the neighborhoods where RWN members invest the median monthly rent 3 bedroom homes in Huntsville was $ 904 in January 2018, which is 1.19% of the purchase price of $ 87,000.
  • This shows us that the Huntsville metro area offers investors the opportunity to make solid monthly cash flow, especially in the areas where RWN members invest.

Huntsville real estate values ​​have appreciated less than the national average

  • In January 2012, the median price of 3 bedroom homes in Huntsville was $ 118,000. This means that, in the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Huntsville appreciated by 28%. During the same period, 3 bedroom homes increased by 41% nationwide.
  • This shows us that Huntsville is not the strongest real estate market in the nation in terms of equity growth. However, the possibility of future growth seems pretty likely for a number of reasons:
    • It's one of the most affordable places to live in the United States.
    • It's been nationally recognized as a prominent technology hub that offers STEM employees higher than average salaries.
    • Huntsville also benefits from Alabama's lower tax rates, which can significantly help with ROI.

Huntsville rents have also appreciated less than the national average

  • Between January 2012 and January 2018, the average rent for 3 bedroom homes in Huntsville decreased 0.27%. Nationally, rents increased by 17% during this period.
  • This shows us that Huntsville is also not the strongest real estate market in the nation in terms of rental appreciation.
  • However, based on the factors above (affordability, job growth, and lower taxes), it's likely that rental prices will continue rising.

Trends in the population

People are moving to Huntsville at a higher rate than many other cities across the nation.

  • Since 2010, Huntsville's population has increased 8.62%. During the same period the national population grew by only 5.29%.
  • This shows us that people are moving to Huntsville at a higher rate than most other cities across the United States. This type of population growth, when coupled with affordable real estate prices and job growth, is a good sign that a real estate market is strong.

employment

Huntsville has been creating jobs at a faster rate than other US cities.

  • Since 2010, Huntsville's population has increased 8.62%. During the same period the national population grew by only 5.29%.
  • This shows us that people are moving to Huntsville at a higher rate than most other cities across the United States. This type of population growth, when coupled with affordable real estate prices and job growth, is a good sign that a real estate market is strong.

Conclusions

Huntsville is Affordable

  • In the neighborhoods where RWN members invest the median price of 3 bedroom homes in Huntsville was $ 87,000 in January 2018. This is 57% less than the national average of $ 202,000.
  • This shows us that property values ​​in Huntsville much lower than many other cities across the United States today, especially in the areas where RWN members invest.

Huntsville is Cash Flowing

  • In the neighborhoods where RWN members invest the median monthly rent 3 bedroom homes in Huntsville was $ 904 in January 2018, which is 1.19% of the purchase price of $ 87,000.
  • This shows us that the Huntsville metro area offers investors the opportunity to make solid monthly cash flow, especially in the areas where RWN members invest.

Huntsville's Population is Growing

  • Since 2010 Huntsville's population has increased 8.62%. During the same period the national population grew by only 5.29%.
  • This shows us that people are moving to Huntsville at a higher rate than most other cities across the United States. This type of population growth, when coupled with affordable real estate prices and job growth, is a good sign that a real estate market is strong. Learn more about job growth below.

Huntsville is creating jobs

  • In the past year the number of jobs in Huntsville has grown by 3.56%. This is 106% higher than the national job growth during this period.
  • This shows us that Huntsville is created jobs faster than many other US markets today, and this is an extremely promising sign for real estate investors.

Huntsville Offers a Good Chance for Equity Growth & Rental Appreciation

  • In January 2012 the median price of 3 bedroom homes in Huntsville was $ 118,000. This means that, in the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Huntsville appreciated by 28%. During the same period, 3 bedroom homes increased by 41% nationwide.
  • Between January 2012 and January 2018 the average rent for 3 bedroom homes in Huntsville decreased 0.27%. Nationally, rents increased by 17% during this period.
  • Although home values ​​and rents have not risen as quickly as other markets, future growth looks promising:

    It's one of the most affordable places to live in the United States

    • It's been nationally recognized as a prominent technology hub that offers STEM employees higher than average salaries.
    • Huntsville also benefits from Alabama's lower tax rates, which can significantly help with ROI.

  • Major Employers

  • News

  • “# 4 in Lowest Cost of Living” - Business Insider
  • “# 10 Best City to Buy a House” - Niche
  • “Things to do in Huntsville” - huntsville.org
  • “# 23 Best Place To Rent” - WalletHub, July 2018
  • “# 7 Best Place To Live” - US News, April 2018
  • “# 2 Up & Coming Tech Hotspots” - Livability, September 2018
  • “# 1 of The Best Places to Live in America's New Tech Hubs” - Trulia, February 2018

  • Learning Resources

  • Property Teams

Known primarily for its annual balloon fiesta and as part of AMC's performance show "Breaking Bad," Albuquerque, New Mexico, is a metropolitan area rich in culture and naturally beautiful. Albuquerque is also one of the major cities in the southwest of the city, with a diverse population and some of the leading high-tech research enterprises in the country, including National Sandia Laboratories, Intel and the University of New Mexico. At the same time, its cultural traditions continue to be an integral part of daily life in the city. With one foot in the past, one foot in the present and two eyes for the future, Albuquerque is a fascinating place to visit and an even better place to call home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)


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  • Member Relations

Lior Lustig

Lior Lustig
Chief Executive – The Real Estate Investor Forum


15 's consultation call for minutes

Lior Lustig has been an experienced real estate investor active in the field in Israel and the US since 2007. Lior has extensive experience in the acquisition and management of single and multifamily properties.
Lior currently runs The Real Estate Investor Forum, which owns a real estate brand and interest, the Facebook group and the “Real Estate Forum USA” site. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.

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