Huntsville, AL

Population: 188,226
Average annual home appreciation rate: -0.18%
Total of homes for sale in this market: 244
Median home price: $153,027
Median Rent: $756 per room
Home price range: 35.54% of homes are between $97,001 – $193,000
Median sales price: $107,100
Number of homes: 317
Median foreclosure sales price: $42,088
Foreclosure discount: 61%
Most common home type: 64.48% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.85%
Number of renters: 42.08%
Number of owner occupied: 57.92%
Number people living below poverty level: 16.76%
Unemployment rate: 5.30%
Is this area perfect for real estate deals going on right now? When one looks at the success of real estate investors overall, you will find that many of them have found their success when investing in properties in areas such as Huntsville when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.

Albertville, Al

Population: 21,458
Average annual home appreciation rate: 5.98%
Total of homes for sale in this market: 1
Median home price: $104,534
Median Rent: $636 per room
Home price range: 40.30% of homes are between $50,001 – $99,000
Median sales price: $42,600
Number of homes: 48
Median foreclosure sales price: $67,000
Foreclosure discount: N/A
Most common home type: 80.24% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.35%
Number of renters: 38.48%
Number of owner occupied: 61.52%
Number people living below poverty level: 25.15%
Unemployment rate: 5.30%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Albertville area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.