Homes for Sale in Huntsville, AL: What You Need to Know
In 2019, the Huntsville real estate market set a record pace and, over the next couple of years, is expected to remain somewhat competitive. When looking for single-family homes or condos for sale in Huntsville, AL, HomeFinder is the perfect tool to put the market at your fingertips.
The Local History
Huntsville is known for its abundant Southern heritage and a legacy of space missions. It was given the nickname "The Rocket City" throughout the 1960s when the Saturn V rocket was established at Marshall Space Flight Center, which later made it possible for Neil Armstrong and Buzz Aldrin to walk on the moon. Huntsville is well known for its space, defense, and technology industries. NASA Marshall Space Flight Center is the next largest employer.
The Local Population
Huntsville is a reasonably large city situated in the state of Alabama. With a population of 197,318 individuals and 54 constituent neighborhoods, Huntsville is the 4th biggest community in Alabama.
The per capita income in Huntsville in 2010 was $34,589, which is considered wealthy compared to the state of Alabama, and upper-middle-income compared to the rest of the United States. This equates to annual earnings of $138,356 for a household of 4.
Huntsville is neither white-collar nor primarily blue-collar; instead, it has a combined workforce of both blue-collar and white-collar jobs. Huntsville includes both very wealthy and poor individuals. Although not a huge city, Huntsville has a significant population of young, single, educated, and upwardly-mobile career beginners.
Huntsville ranks among the greatest in the nation when it comes to education level. Notably, 42.86% of the 25-and-older adult population in Huntsville, has a bachelor's degree. In the average United States community, only 21.84% of adults hold a bachelor's degree or graduate degree.
The Cost of Living in Huntsville
In 2019, the typical price of 3-bedroom homes in Huntsville was $158,750. This is 28% more affordable than the average $222,000 3-bedroom house price across the country.
Know Your Neighborhoods
Madison is a suburb of Huntsville, with a population of 48,275. Living in Madison offers a rural feel, and most locals own their houses. Young professionals and many families live in Madison, and locals tend to lean conservative.
Harvest is another popular suburb of Huntsville, with a population of 5,700. Harvest is in Madison County and is among the most beautiful places to reside in Alabama. The general public schools in Harvest are highly rated.