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.

Çavkaniyên daneyan:

• https://www.zillow.com/huntsville-metro-al_r394698/home-values/
• https://factfinder.census.gov/
• https://www.deptofnumbers.com/employment/alabama/huntsville/
• Daneyên Parmendiya Tora Dewlemendiya Rastîn

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, 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 U.S. 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 U.S. markets today, and this is a extremely promising sign for real estate investors.

Huntsville Offers a Good Chance for Equity Growth & Rental Appreciation

• In January 2012 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.