Huntsville Real Estate Market 2021

Huntsville Real Estate Market Trends & Statistics 2021

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.

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Data Sources:

• https://www.zillow.com/
• https://factfinder.census.gov/
• https://www.deptofnumbers.com/
• RealWealth Property Team Data

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

• In 2020, the median price of average homes in Huntsville was $203,000. This is 21% more affordable than the median $254,000 average home price nationwide.
• In the neighborhoods where RealWealth members invest the median price of homes in Huntsville was $145,000 in 2020. This is 43% less than the national average of $254,000.
• This shows us that property values in Huntsville much lower than many other cities across the United States today, especially in the areas where RealWealth members invest.

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

• In the neighborhoods where RealWealth members invest, the median monthly rent for average homes in Huntsville was $1,350 in 2020, which is 0.93% of the purchase price of $145,000. This is significantly above the national purchase-to-rent ratio of 0.68%.
• This shows us that the Huntsville metro area offers investors the opportunity to make solid monthly cash flow, especially in the areas where RealWealth members invest.

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Huntsville real estate values have appreciated less than the national average

• In 2014, the median price of average homes in Huntsville was $157,746. This means that in the last 6 years (2014 to 2020), average homes in Huntsville appreciated by over 28%. During the same period, average homes increased by 36% 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.

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

 

• Since 2010, Huntsville’s population has increased 12.53%. During the same period the national population grew by only 6%.
• 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 (105% increase), when coupled with affordable real estate prices and job growth, is a good sign of a strong real estate market.

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

• In the past year, the number of jobs in Huntsville has decreased by 3.66% due to the COVID-19 outbreak. This is almost 40% better than the national job loss rate during this period.
• This shows us that the job market in Huntsville is more stable than many other U.S. markets today, and this is an extremely promising sign for real estate investors.

Huntsville is Affordable

• In the neighborhoods where RealWealth members invest, the median price of average homes in Huntsville was $145,000 in 2020. This is 43% less than the national average of $254,000.
• This shows us that property values in Huntsville are much lower than many other cities across the United States today, especially in the areas where RealWealth members invest.

Huntsville is Cash Flowing

• In the neighborhoods where RealWealth members invest, the median monthly rent of average homes in Huntsville was $1,350 in 2020, which is 0.93% of the purchase price of $145,000.
• This shows us that the Huntsville metro area offers investors the opportunity to make solid monthly cash flow, especially in the areas where RealWealth members invest.

Huntsville’s Population is Growing

• Since 2010, Huntsville’s population has increased 13%. During the same period the national population grew by only 6%.
• This shows us that people are moving to Huntsville 105% faster 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’s Job Market is Stable

• In the past year the number of jobs in Huntsville decreased by by 4%. Compared to the rest of the nation, Huntsville’s job market fared 40% better from the COVID-19 pandemic. 
• This shows us that Huntsville has a stable job market and economy. And in a typical year the metro is creating jobs faster than many other U.S. markets today, and this is an extremely promising sign for real estate investors.

Huntsville Offers a Good Chance for Equity Growth & Rental Appreciation

• In 2014, median price of average homes in Huntsville was $157,746. This means that, in the last 6 years (2014 to 2020), average homes in Huntsville appreciated by 28%. During the same period, average homes increased by 36% nationwide.
• 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.