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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Huntsville, AL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Huntsville, AL Housing Market Trends

With a population of 221,933, 91,048 total housing units (homes and apartments), and a median house value of $301,106, 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 63.31% of the city's housing units. Other types of housing that are prevalent in Huntsville include large apartment complexes or high rise apartments ( 25.07%), duplexes, homes converted to apartments or other small apartment buildings ( 7.67%), and a few row houses and other attached homes ( 2.42%).

The most prevalent building size and type in Huntsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.56% owning and 45.44% renting.

There is a lot of housing in Huntsville built from 1970 to 1999 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 between 1940-1969 ( 31.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 26.28%). There's also some housing in Huntsville built before 1939 ( 2.55%).

Huntsville Home Appreciation Rates

Appreciation rates for homes in Huntsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.84%, which ranks in the top 40% nationwide. This equates to an annual average Huntsville house appreciation rate of 6.62%.

Over the last year, Huntsville appreciation rates have trailed the rest of the nation. In the last twelve months, Huntsville's appreciation rate has been -0.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Huntsville were at 3.47%, which equates to an annual appreciation rate of 14.61%.

Relative to Alabama, our data show that Huntsville's latest annual appreciation rate is lower than 90% 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 2000, to assist you in making the best Huntsville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$301,106

Huntsville, AL Home Prices
> $1,520,000
$1,140,001 - $1,520,000
$760,001 - $1,140,000
$608,001 - $760,000
$456,001 - $608,000
$304,001 - $456,000
$152,001 - $304,000
$76,001 - $152,000
$0 - $76,000
1.2%
1.2%
1.3%
1.3%
4.7%
4.7%
5.6%
5.6%
10.3%
10.3%
19.8%
19.8%
29.5%
29.5%
19.5%
19.5%
8.1%
8.1%
0% 100.0%
% of Homes
Very High

for Alabama

High

for nation

Number of Homes And Apartments:

91,048

Huntsville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,072 / per month

Homeownership Rate

Owners
Renters
Vacant
54.6%
54.6%
45.4%
45.4%
7.8%
7.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.3%
26.3%
39.5%
39.5%
31.6%
31.6%
2.6%
2.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.3%
63.3%
2.4%
2.4%
7.7%
7.7%
25.1%
25.1%
1.5%
1.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
12.1%
12.1%
22.1%
22.1%
38.2%
38.2%
20.2%
20.2%
5.4%
5.4%
0% 100.0%
% of Homes