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Alabama's best housing markets

Calling Alabama home can have a number of perks; buying a home in Alabama can bring even greater joys. Countless residents in the state have made the choice of home ownership, and with good reason: many housing markets in the state are thriving. With the variety of overwhelming aspects that can come with purchasing new turf, there are some real estate details to keep in mind.

Those looking to buy a home in the Yellowhammer state may be wondering about current property taxes. The Birmingham Business Journal announced last month that, as of this year, Alabama ranked number two for the lowest property taxes in the nation. The study -- released by WalletHub, which drew information from the U.S. Census Bureau -- also reveals Alabama's real estate tax of .43 percent; for a home of $185,000, average annual taxes were $791. The median home value in the state amounted to $128,500.  

Another common pursuit involves house hunting in a variety of areas, but which ones are the most promising? AL.com dedicates an article to this topic, naming the best housing markets in the state. At the time of their 2017 article, the following areas in Alabama have the strongest markets: 

  • Leeds
  • Huntsville
  • Hoover
  • Forestdale
  • Madison

AL.com notes that the rankings of the above areas revolve around market stability, the percent of homes with value decreases, affordability and average days on the market. Some Alabama cities have homes that stay on the market no longer than four or five days, and AL.com encourages potential homeowners to scout out the markets that best fit their lifestyles, financial situation and future plans.  

 

  

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