The Best Value Properties in Huntsville, AL

☕️ 4 min read By Noah Blumberg

It's rare to see a city considered to be one of the best places to live also considered to be one of the best places to invest. This is the case with Huntsville, Alabama. One reason for both distinctions is yet another distinction, the #1 cheapest place to live in the country. Huntsville's low housing costs were close to 40% below the national average in 2020 and the low prices make for a great value if you're living in Huntsville or buying as an investment. However, prices are on the rise.

Rising Prices in Huntsville

Huntsville may be known for low prices but its prices appear to be increasing. The median price in our ranking list is almost $400,000 compared with $235,000 for the median home value according to PoligyGenius. Are prices going up in step with higher values or are asking prices out of step with values? Since value is determined by what someone is willing to pay, price and value almost always align. It's much more likely that actual demand is pushing prices higher because prices are carefully set by listing agents based on recent sales of comparables and knowledge about competition for certain properties.

Looking at the Federal Housing Finance Agency's Housing Price Index, prices in Huntsville are up 47.9% over 5 years and up 20.2% over just the last year which indicates that the rise prices has increased significantly. All-time low inventory has compounded demand and contributed to the steep rise in prices. This is not unusual to see as it's the trend nationally, but inflated prices are always a good thing to keep an eye on as you look to make an investment in a particular city.

A Hot Rental Market

PolicyGenius says that vacancy for rentals is 6% and RENTCafé puts the number specifically for apartments at 2.5%. Both numbers are quite low which points to strong competition for rentals and lower risks for investors. RENTCafé also refers to Huntsville as one of the hottest rental markets in the country. This fits nicely with the country's overall interest in the Southeast and more generally the sunbelt looking forward in 2022.

The Properties

It's not hard to find a large home on a large property in and around Huntsville in the million dollar range, but on the more modest side of things, property #3 has a lot to offer. It's a single family home on half an acre listed for well below the median price for the area. The description says there's some cosmetic work to be done which could be an opportunity for the right buyer.

Also below the median list price, is property #11, a large home in great shape in a 1.5X zip code. The zipX multiplier basically boosts the value score of a real estate property on our list based on one of the most important factors —a desirable location. Check our FAQs page for a description of zipX and how it's calculated.

Reading Resources

U.S. News and World Report Looks at Huntsville
PolicyGenius's Best cities to invest in real estate in 2022
Federal Housing Finance Agency's Housing Price Index
Roofstock Looks at Huntsville
RENTCafé's 2021 Year-End Report
Zillow: Why Tampa will be 2022's Hottest Market

Here are the top 25 properties. To see them all or get a list for another city, order a custom list!
Median List PriceMedian SqftMedian Lot Size(SqFt)Median HOA Fee
Score**PropertyZipX**TypeBedsSqFtLot Size(sqft)Price

333 Ripple Ln
1.84single family57447598,950$1,695,000

564 Cap Adkins Rd SE
1.50single family32400344,124$474,000

1100 Mastin Lake Rd NW
1.43single family3131820,038$89,900

4013 Patton Rd SW
1.00single family4165313,939$90,000

5003 Greta Dr NW
1.25single family4380087,120$354,900

3127 Haddonstone Dr SE
1.84single family61011525,700$1,500,888

2521 Piney Branch Rd NW
1.25single family4151512,632$117,500

215 Clark Mountain Rd
1.25single family44500479,160$999,000

3506 Adair St NW
1.25single family3141915,884$105,000

193 Day Dr
1.43single family32020217,800$444,900

10137 SE Skylark Dr
1.50single family5288822,216$343,400

11001 Vivian Dr NW
1.25single family4564328,750$474,999

2111 E Arbor Dr NW
1.43single family3145211,761$124,000

2307 Oakwood Rd NW
1.25single family4226315,000$200,000

7033 Regency Lane
1.63single family429340$314,490

3813 Crane Dr NE
1.43single family38608,125$75,000

115 Cole Dr SE
1.60single family4522256,192$700,000

711 Weatherly Rd SE
1.50single family3220043,560$265,000

16 Watson Grand Way SE
1.84single family44900479,160$1,850,000

192 Bremerton Dr SW
1.67single family4300021,780$365,000

7530 Parktrace Ln SE
1.84single family4306514,375$409,900

819 Loukell Ave SE
1.60single family4275920,473$330,000

6022 Normal Heights Cir NW
1.25single family5248721,344$265,000

3207 NW Yale Cir
1.25single family39259,583$85,000

107 SW Misty River Ln
1.67single family5433110,890$585,000
*This table shows only few basic data points. Rankings are based on 22 data points and 7 calculations per property.**Find explanations of ZipX aka zip multiplier and Score here.