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Alabama Housing Prices |
The most sought after places in the state of Alabama are Birmingham, Montgomery, Jefferson County, Shelby County, Auburn, Mobile, Huntsville and Decatur. The housing prices in Alabama has experienced quite a few ups and downs. But the most affordable housing in this state is said to be available in the city of Huntsville. The real estate market in this city is booming because many businesses and offices are planned to set up in this area in AL. The average housing price of a 2,200 square feet house with four bedrooms is $212,182. If we compare Huntsville to the city of Mobile we would notice that the housing prices in Mobile is $232,375 making it quite expensive. The population in the city of Huntsville has doubled in the past 20 years as this city has become capable of attracting economy in the form of employment opportunities. Thus, the real estate market is also booming here.
The housing sector in other parts of the state of Alabama has received a setback because of the economic crisis by in Huntsville the real estate sector has been stable.
Mentioned below are affordable housing prices in Alabama
| Zip codes |
Prices |
| 35811 |
$241,000 |
| 35810 |
$95,500 |
| 35805 |
$94,500 |
| 35803 |
$250,000 |
The housing market in the city of Birmingham in AL noted signs of development. Birmingham is the largest metro city in the state and here the real estate market rose up to 8% in June this year and the value of residential property has also gone up to 11.25%. There has been an average sale of $226.7 million houses. The month of June is generally considered to be the month of peak sales. The average price for new homes in this state ranges somewhere between $226.410 to $243,301 and the average costs for used homes ranges between $153,306 to 156,042.
However, the Alabama housing prices are going to remain affordable after some of the governmental programs like the USDA and HUD. Both these organizations work towards the development of the state as a whole and have given out certain programs to make housing easily affordable in AL.
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