Although Tuscaloosa, Alabama is more of a tertiary market to Birmingham, this small MSA has a lot to offer residents and real estate investors today. The area has population growth, the University of Alabama and the Mercedes-Benz Plant, in addition to a variety of jobs in manufacturing and service sectors, low unemployment, and steady appreciation opportunities. The Tuscaloosa zip code is rated B by Niche.com, which works well for rental property investments.
Tuscaloosa Investment Opportunity Quick Facts
This information reflects typical properties purchased by RealWealth members in Tuscaloosa, Alabama. These numbers are estimates, and the actual property prices and rents will vary based on current inventory.
- Investment Objective: Higher Appreciation
- Types of properties for sale: New Construction Single-Family homes in A and B neighborhoods
- Average home price: $240,000 – $255,000
- Average monthly rents: $1,500 – $1,900
Is Tuscaloosa a good place to invest in real estate?
There are a variety of factors that make Tuscaloosa a great place to buy rental property today, including:
- Affordability: The median home value in the Huntsville metropolitan area is $216,000, 40% less than the national average. As shown above, typical new construction deals range from an average of $240,000 to $255,000 when you invest through turnkey property teams in the RealWealth network.
- Significant Population Growth: Since 2010, the population in Huntsville has grown by 16%, which is 96% faster than the national average. Population growth is a great sign for investors considering the Tuscaloosa real estate market today.
- Steady Rental Demand: Tuscaloosa is a University town that is also home to a prominent Mercedes Benz plant. There are also a variety of other manufacturing jobs in the area. With a low unemployment rate and an opportunity for appreciation, it’s no wonder that investors are so hot about Tuscaloosa.
Rental Properties for Sale in Tuscaloosa, AL
The turnkey rental property teams we work with in Tuscaloosa sell new construction single-family homes in A and B neighborhoods. Check out a few available or recently sold properties below to get a feel for the area.
