Huntsville, AL
Madison County · Pop. 222,209
Ranked #66 of 243 cities
50Moderate
Median Home Price
🏠$280K
4.0% YoY
Median Rent
🔑$1,250
3.0% YoY
Median Income
💰$62K
Rent Burden
📊27.5%
% of income to rent
Income to Buy
🏦$81K
annual income needed
Income to Rent
📝$50K
annual income needed
Price-to-Income
⚖️4.5x
Homeownership
🏡58.0%
Rent vs. Buy
Buy
$1,490/mo
Est. mortgage (7%, 20% down)
Need $81K/yr income
Rent
$1,250/mo
Median rent
Need $50K/yr income
How Huntsville Compares
| Metric | Huntsville | Alabama | National |
|---|---|---|---|
| Home Price | $280K | $217K | $410K |
| Rent | $1,250 | $982 | $1,500 |
| Income | $62K | $62K | $75K |
| Rent Burden | 27.5% | 28.5% | 30.0% |
Key Takeaways
- • Home prices in Huntsville are 32% lower than the national average.
- • Rent is 17% lower than the national average.
- • You need an income of $81K to comfortably buy a home here.
- • The homeownership rate is 58.0%, compared to 65.0% nationally.