Huntsville Among Top Places For Home Ownership

Dated: January 24 2014

Views: 8297

Which Alabama cities are the best places for homeownership? 2 state metros make national list
(Written by Lucy Berry – The Huntsville Times/al.com)
Financial literacy and consumer advocacy site NerdWallet has ranked Huntsville and Birmingham-Hoover among some of the best places for homeownership in the U.S.
NerdWallet, which studied 100 populous areas and categorized the winning metros by size, listed Huntsville as its No. 1 small metro and Birmingham-Hoover as its No. 9 large metro for homeownership, affordability and area growth.The city of Huntsville was lauded for having a homeownership rate of 70.9 percent, median monthly household income of $4,534 and a 1.2 percent population growth from 2011-12. The analysis also found that homeownership costs are 26.6 percent of a resident's monthly household income in Huntsville.
"Huntsville is located in northern Alabama where the Army's Redstone Arsenal, Cummings Research Park and NASA's Marshall Space Flight Center anchor the local economy in the technology, space and defense industries," said Jaime Ortiz, an analyst for NerdWallet. "The area is also home to the University of Alabama in Huntsville where tech-focused programs like UAH's College of Engineering train a highly skilled workforce. The deep talent pool of engineers attracts top employers likeBoeing to Huntsville, providing local residents an abundance of job opportunities.
Looking forward to assisting with your journey to home ownership...Call me today to get started!

For complete article visit: al.com
 

Blog author image

Allison Chappell

Military Relocation Specialist Associate Broker CSP ....

Want to Advertise on this Site?

Latest Blog Posts

The Real Estate Journey

Obtaining a real estate license is easy; being a real estate agent is hard work. It is waking up everyday unemployed, motivating yourself to move, and digging deep some days to find the drive to

Read More

Divoce And Selling A Home

As Realtors we get to see it all. When working with people and the public you often get to deal with, and help, people in some of life’s most challenging and exciting situations. If you search for

Read More

What Is Title Insurance

Thomas Williams from Johnston, Moore and Thompson has another great resource about Title Insurance and why it is so important.Thomas says...I get a lot of questions about Title Insurance. Below is

Read More

2016 Housing Forecast

With 2015 coming to an end many are staring to make their predictions for 2016.  There are many interesting factors that could contribute to the 2016 housing market.  One of the biggest

Read More