Huntsville appreciation rates and housing market information

Huntsville housing market information

With 157,899 people, 73,606 houses or apartments, and a median cost of homes of $164,974, Huntsville real estate is some of the most expensive in Alabama, although Huntsville home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Huntsville, accounting for 65.03% of the city's housing units. Other types of housing that are prevalent in Huntsville include large apartment complexes or high rise apartments (21.25%), duplexes, homes converted to apartments, or other small apartment buildings (9.71%), row houses and other attached homes (2.34%), and a few mobile homes or trailers (1.61%).

The most prevalent building size and type in Huntsville are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 55.89% owning, and 34.76% renting.

There is a lot of housing in Huntsville built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Huntsville built from 1940-1969 (42.75%). A lesser amount of the housing stock also hails from 1995 and later (6.00%), and some were built from 1939 and earlier (6.00%).

Huntsville home appreciation rates

Huntsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Huntsville during the period has been just 5.11%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Huntsville home appreciation rates, at 1.38%, have been at or slightly above the national average. In the latest quarter, Huntsville's appreciation rate has been -1.75%, which annualizes to a rate of -7.00%.

Notably, Huntsville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Huntsville's latest annual appreciation rate is higher than 44% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Huntsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Huntsville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Huntsville real estate investment or home purchase decisions.