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:

• https://www.zillow.com/huntsville-metro-al_r394698/home-values/
• https://factfinder.census.gov/
• https://www.deptofnumbers.com/employment/alabama/huntsville/
• Real Wealth Network Affiliate Data

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.

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.

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.

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.