The Future of Huntsville Home Prices
Huntsville, Alabama has been touted as one of the most affordable cities in the U.S. to live in with high average salaries and below average cost of living, including home prices below the national median. But will that continue? Yahoo! Finance recently did an article with predictions on when several major cities throughout the US will become too expensive.
Guess who made that list? You got it, our very own Rocket City. The article references a study done by Go Banking rates, which predicts Huntsville loses its label of affordability in 2030. In that year, it’s predicted that the average home value surpasses seven figures and comes in at nearly $1.2 million. That's an increase of nearly four times our current values.
Will we see $1.2 million by 2030? I don't think we will. I certainly think we will see an average sales price in the $500,000’s by 2030 and potentially as high as $600,000's or $700,000's but I don't personally think we'll see seven figures by 2030.
Posted by Matt Curtis on