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 1,741 people, 726 houses or apartments, and a median cost of homes of $239,179, 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 48.78% of the town's housing units. Other types of housing that are prevalent in Huntsville include duplexes, homes converted to apartments or other small apartment buildings ( 28.83%), mobile homes or trailers ( 18.25%), and a few large apartment complexes or high rise apartments ( 2.19%).
Huntsville is dominated by renter-occupied one, two, or no bedrooms apartments. 76.14% 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 ( 15.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.17%). There's also some housing in Huntsville built before 1939 ( 4.99%).
Vacant housing appears to be an issue in Huntsville. Fully 11.68% 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.
In the last 10 years, Huntsville has experienced some of the highest home appreciation rates of any community in the nation. Huntsville real estate appreciated 131.64% over the last ten years, which is an average annual home appreciation rate of 8.76%, putting Huntsville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Huntsville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Huntsville's appreciation rate, at 3.92%, has been at or slightly above the national average. In the latest quarter, Huntsville's appreciation rate has been 0.27%, which annualizes to a rate of 1.07%.
Relative to Tennessee, our data show that Huntsville's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.
$239,179
for Tennessee
for nation
726
$1,059 / per month