Huntsville, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Huntsville, AL Real Estate Data

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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Huntsville Housing Market Information

With a population of 194,585, 81,296 total housing units (homes and apartments), and a median house value of $183,007, 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 64.64% of the city's housing units. Other types of housing that are prevalent in Huntsville include large apartment complexes or high rise apartments ( 24.47%), duplexes, homes converted to apartments or other small apartment buildings ( 7.63%), and a few row houses and other attached homes ( 1.81%).

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 55.59% owning and 44.41% 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 ( 34.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.03%). There's also some housing in Huntsville built before 1939 ( 2.86%).

Vacant housing appears to be an issue in Huntsville. Fully 10.52% of the housing stock is classified as vacant. Left unchecked, vacant Huntsville homes and apartments can be a drag on the real estate market, holding Huntsville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 0.45%, which is lower than 70% of US communities.

Appreciation rates are so strong in Huntsville that despite a nationwide downturn in the housing market, Huntsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Huntsville appreciation rates continue to be some of the highest in America, at 7.67%, which is higher than appreciation rates in 79.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Huntsville. Huntsville appreciation rates in the latest quarter were at 1.87%, which equates to an annual appreciation rate of 7.71%.

Importantly, this makes Huntsville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Alabama, our data show that Huntsville's latest annual appreciation rate is higher than 80% 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:
$183,007

Huntsville, AL HOME PRICES

Value Range
> $1,135,000 1.1
$851,001 - $1,135,000 0.9
$568,001 - $851,000 3.2
$454,001 - $568,000 4.5
$341,001 - $454,000 9.5
$227,001 - $341,000 22.0
$114,001 - $227,000 33.2
$57,001 - $114,000 19.8
$0 - $57,000 5.8

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
43.3897810218978 10.2244389027431

Number Of Homes And Apartments:
81,296

Huntsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
39.16% 1.73%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,135 / per month

Homeownership Rate

Homeownership
Owners 55.59
Renters 44.41
Vacant 10.52

Housing Market Details

 

Age of Homes

AGE OF Huntsville HOMES
2000 or Newer 22.0
1970 - 1999 40.8
1940 - 1969 34.3
1939 or Older 2.9

Types of Homes

TYPE OF Huntsville HOMES
Single-Family 64.6
Townhomes 1.8
Small Apt. Buildings 7.6
Apt. Complexes 24.5
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Huntsville HOMES
No Bedroom 1.84
1 Bedroom 11.36
2 Bedrooms 23.06
3 Bedrooms 39.06
4 Bedrooms 20.25
5 or more bedrooms 4.43