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Written by Jeff Rohde
Demand for real estate and rental property in Huntsville is so strong that there’s only a four-week supply of housing inventory listed for sale today (as of December 2020). That’s the lowest the housing supply has been in Huntsville over the past 20 years.
Developers in the Huntsville metro area simply haven’t been able to keep up with demand. A low supply of housing helps to explain why rent rates in the city grew by 9% last year and why one major financial publication ranks Huntsville among the top seven smaller towns worth your investment dollars.
Huntsville is located in the Tennessee River Valley in the northernmost part of Alabama. It’s the 4th largest city in Alabama and part of the 2nd most populated metropolitan area in the state.
The economy of Huntsville is driven by a dynamic mix of private and public industry sectors including aerospace, defense, technology, and education. As an extra bonus for rental property investors, Alabama A&M and the University of Alabama in Huntsville supply a steady stream of students looking for off-campus housing paid for by their parents.
The strong job and population growth of Huntsville combined with a low cost of living and a high quality of life help explain why the Huntsville real estate market will likely continue to be a good investment in 2021.