News

Cities With Fastest Growing Home Prices in Metro Huntsville

Supply and demand drive the real estate market, affecting everything from the value of buildings and land to availability for buyers and sellers. These forces are usually closely related to a region’s economy, labor market, population, demographics, location, interest rates, and several other constantly changing factors. The coronavirus pandemic has strained the economy, but created a real estate boom driven largely by people buying second homes as vacation properties.

Stacker compiled a list of cities with the fastest growing home prices in Huntsville, AL using data from Zillow. Cities are ranked based on how the Zillow Home Value Index has changed for all homes and apartments over the past year starting in September 2021.

Read on to see if your hometown makes the list.

# 15. Lester, Alabama
– Price variation over 1 year: + 12.6%
– Price variation over 5 years: data not available
– Typical value of the house: $ 163,751 (# 15 most expensive city by metro)

# 14. Athens, AL
– Price variation over 1 year: + 16.1%
– Price variation over 5 years: + 47.3%
– Typical value of a house: $ 218,542 (9th most expensive city by metro)

# 13. Ardmore, Alabama
– Price variation over 1 year: + 16.2%
– Price variation over 5 years: + 53.9%
– Typical value of a house: $ 187,809 (12th most expensive city by metro)

# 12. Elkmont, Alabama
– Price variation over 1 year: + 16.3%
– Price variation over 5 years: + 47.3%
– Typical value of the house: $ 186,807 (# 13 most expensive city by metro)

# 11. Madison, Alabama
– Price variation over 1 year: + 18.4%
– Price variation over 5 years: + 48.1%
– Typical value of a house: $ 318,419 (3rd most expensive city by metro)

#ten. Hazelnut Green, Alabama
– Price variation over 1 year: + 19.2%
– Price variation over 5 years: + 60.0%
– Typical value of a house: $ 213,987 (most expensive city by metro # 11)

# 9. Owens Cross Roads, Alabama
– Price variation over 1 year: + 19.3%
– Price variation over 5 years: + 46.3%
– Typical value of a house: $ 375,182 (2nd most expensive city by metro)

# 8. Harvest, AL
– Price variation over 1 year: + 19.3%
– Price variation over 5 years: + 52.0%
– Typical value of a house: $ 260,575 (6th most expensive city by metro)

# 7. Meridianville, Alabama
– Price variation at 1 year: + 20.4%
– Price variation over 5 years: + 52.9%
– Typical value of a house: $ 272,497 (5th most expensive city by metro)

# 6. Huntsville, Alabama
– Price variation over 1 year: + 20.9%
– Price variation over 5 years: + 57.3%
– Typical value of a house: $ 241,639 (8th most expensive city by metro)

# 5. Gurley, Alabama
– Price variation over 1 year: + 21.1%
– Price variation over 5 years: + 55.5%
– Typical home value: $ 287,900 (most expensive city # 4 by metro)

# 4. New market, AL
– Price variation at 1 year: + 22.4%
– Price variation over 5 years: + 58.6%
– Typical value of a house: $ 243,472 (7th most expensive city by metro)

# 3. New Hope, Alabama
– Price variation over 1 year: + 22.7%
– Price variation over 5 years: + 66.5%
– Typical value of the house: $ 186,177 (# 14 most expensive city by metro)

# 2. Triana, Alabama
– Price variation over 1 year: + 24.0%
– Price variation over 5 years: + 57.0%
– Typical value of the house: $ 216,222 (10th most expensive city by metro)

# 1. Mooresville, Alabama
– Price variation over 1 year: + 25.5%
– Price variation over 5 years: data not available
– Typical value of a house: $ 398,624 (city # 1 most expensive by metro)


whnt

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button