Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 47,351 people, 14,680 houses or apartments, and a median cost of homes of $218,443, house prices in Huntsville are solidly below the national average.
Single-family detached homes are the single most common housing type in Huntsville, accounting for 38.64% of the city's housing units. Other types of housing that are prevalent in Huntsville include large apartment complexes or high rise apartments ( 35.08%), duplexes, homes converted to apartments or other small apartment buildings ( 13.82%), and a few mobile homes or trailers ( 10.47%).
Huntsville is dominated by renter-occupied one, two, or no bedrooms apartments. 72.70% of Huntsville's dwellings are rentals.
There is a lot of housing in Huntsville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Huntsville built between 2000 and later ( 27.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.53%). There's also some housing in Huntsville built before 1939 ( 1.62%).
Vacant housing appears to be an issue in Huntsville. Fully 12.35% of the housing stock is classified as vacant. Left unchecked, vacant Huntsville homes and apartments can be a drag on the real estate market, holding Huntsville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Huntsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.23% during the period.
Over the last year, Huntsville appreciation rates have trailed the rest of the nation. In the last twelve months, Huntsville's appreciation rate has been 1.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Huntsville were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Huntsville's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Huntsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Huntsville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Huntsville real estate investment or home purchase decisions.
$218,443
for Texas
for nation
14,680
$1,707 / per month