Montgomery skyline Alabama
 Montgomery skyline Alabama

Alabama

Real Estate in Alabama

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  • Landmarks

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  • Climate Risk

  • Demographics

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⁠Unlock the hidden treasures of Alabama: Discover your dream home amidst rich history, vibrant culture, and unparalleled natural beauty!

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What You Need To Know About Buying Real Estate in Alabama

With annual growth rates in the double digits in cities like Birmingham it isn’t hard to see why, but there are a few things you should know before you buy Alabama real estate.

Alabama real estate has long been overlooked by out of state investors, and that’s just how local real estate investors like it! The state of Alabama has a lot to recommend it, both to people seeking to expand their property portfolio and for people plotting their escape from big, crowded cities and cold winters. In this article, we’ll explore the state of Alabama, its people, its weather, and why buying real estate in Alabama is suddenly such a popular choice. 

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Things To See And Do In Alabama

Before you buy land in Alabama, either as an investment or as your personal home, consider what sort of attractions might make any location a better place to live. For example, the Barber Vintage Motorsports Museum just outside of Irondale in greater Birmingham has more than 750 vintage motorcycles on display. For the outdoors person, Sipsey Wilderness offers 25 miles of beautiful hiking trails, all set in Bankhead Forest. Or for a family day out, consider the Adventure Island theme park in Orange Beach. 

History of Alabama

History of Alabama

Alabama History Mount Rushmore Dedication

A settled farming people called the Mississippian Culture lived in the land that would one day be called Alabama for nearly 1000 years. The tribes at the time of contact included Koasati, the Creek, the Choctaw, the Chickasaw, the Alibamu and the Cherokee. The state was named after the Alibamu people. 

 The Spanish reached Alabama in the 16th century, but it was first colonized by the French some 160 years later. Alabama became part of British West Florida in 1763, and became Spanish territory between the American Revolution and 1813. Parts of Baldwin and Mobile Counties joined the Republic of West Florida in 1810, only to join the Mississippi Territory in 1812. It became the state of Alabama in 1819.

Alabama History Mount Rushmore Dedication

Alabama Demographics

Alabama Demographics

Large group of people forming the shape of Alabama

According to the 2020 census, just over 5,024,000 people live in Alabama, up from less than 4,780,000 in 201o. As of 2019, there were over 2,280,000 individual housing units in the state of Alabama, and nearly 7 in 10 of them were owner-occupied. 

As a whole, the state is growing rapidly. More than 19,900 building permits were issued county-wide in 2020. It should not be difficult to buy or rent a condo in Alabama, or to build a new property to suit your investment or lifestyle needs. Roughly 87% of Alabama residents have high school diplomas, and around 26% have a Bachelor’s degree or higher. 

Large group of people forming the shape of Alabama

The Climate In Alabama Is Lovely

The Climate In Alabama Is Lovely

Museum of Fine Arts Montgomery Alabama

Alabama is a warm, southern state, and almost all of it falls into the ‘Humid Subtropical’ climate classification. The state’s warm, gentle weather is one of the main reasons Alabama real estate for sale moves so quickly these days. The weather in the south of the state comes off the warm Gulf of Mexico, while the Appalachian Mountains tend to cool the northerly counties. On average, the state of Alabama receives around 56 inches of rain each year, with dramatic thunderstorms common in the southern counties.

Museum of Fine Arts Montgomery Alabama

Top Cities in Alabama

Top Cities in Alabama

Huntsville Alabama

Birmingham, AL

If you are buying a house in Alabama, Birmingham should be one of the places you look first. It boasts a population of 200,733, making it the 2nd largest city in the state, just behind Huntsville. Real estate in Birmingham, Alabama is relatively inexpensive, with a median house value of $97,500. However, rental incomes are relatively high, with median gross rent at $870 per month. 

Living in Birmingham, you’ll have access to the historic Alabama Theater, The Alys Stephens Center for the Performing Arts, Birmingham CrossPlex and the Fair Park Arena, The Wright Center Concert Hall and a recently renovated $55-million "Uptown" entertainment district. The city also boasts several museums.

Huntsville, AL

Huntsville is the largest city in Alabama at 215,006 people as of the 2020 census. This is up substantially from the 2010 census, when the population was only 180,105. As you can imagine, Huntsville has one of the hottest markets for real estate in Alabama. Median home values are at $184,500 and median gross rent is $868. 

Residents of Huntsville have access to dozens of museums, more than 60 city parks, 6 golf courses and a thriving arts and culture scene bolstered by the Huntsville Art League and Museum Association. 

Mobile, AL

Mobile, Alabama has a population of 187,041 (as of the 2020 census), but it is the center of the Mobile metropolitan Area, with more than 412,000 residents. The total population within 60 miles of Mobile is 1,262,907. Mobile is a popular place to buy real estate in Alabama because of its thriving ship building, aerospace and manufacturing industries, especially around the Port of Mobile, the 12th largest in the country. Mobile is a major focus for anyone buying mobile homes in Alabama.

 Mobile residents and visitors can enjoy the city’s famous Mardi Gras celebrations, explore the recently expanded Mobile Museum of Art, attend the historic Saenger Theater, see the USS Alabama at battleship memorial park or explore any of a dozen public museums in the city. 

Huntsville Alabama

A Few Great Reasons To Buy Real Estate In Alabama

A Few Great Reasons To Buy Real Estate In Alabama

Sweet Home Alabama Sign
  • Birmingham was recently voted the #1 Best City for Millennial Entrepreneurs. It also boasts the 2nd lowest property taxes in the region, and has the 3rd largest banking center in the Southeast.  
  • Property prices are rising, especially in the urban areas. In some places, median home sales figures have risen by as much as 12% per year. It is a good time to be involved in Alabama real estate. 
  • Alabama’s Thriving Economy. Fortune 500 companies like Energen, HealthSouth, Vulcan Materials, Protective Life and Regions Financial anchor the economy, and the region’s economy demands skilled workers at an ever-increasing rate – and therefore demand for single-family homes.      
  • Alabama’s Art and Culture. Alabama is the heart of Mardi gras culture in America, but it doesn’t end there. Anyone buying real estate in Alabama should take the time to explore local festivals and events like the Jewish Food Festival & Treasure Market in Montgomery, the Annual Christmas Lighted Boat Parade along the Gulf Shores, or the Moss Rock Festival in Hoover.

Sweet Home Alabama Sign

Is Investing in Alabama Real Estate The Right Move For You?

Is Investing in Alabama Real Estate The Right Move For You?

Alabama marquee

Almost anyone could be happy living in Alabama, and its combination of low prices and a strong economy make it a great place to invest. However, each is a very personal decision. A homeowner might fall in love with the state for its easy access to natural beauty and its welcoming culture. 

However, another might disagree – maybe they hate Mardi Gras for some reason. An investor might stack up a very profitable portfolio in any of the state’s thriving metropolitan areas, but no one is guaranteed to pick a winner every time. The market for real estate in Alabama, just like anywhere else, can be treacherous. Get good advice, and be sure you’re making choices that are in your best interest, as well as those of your family.

Alabama marquee

Real Estate in Alabama

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Notable Landmarks In Alabama

Notable Landmarks In Alabama

Alabama Climate Risk

177/500

Tornado risk

High risk

158/500

Total weather risk

High risk

153/500

Hurricane risk

High risk

142/500

Air pollution risk

High risk

131/500

Hail risk

High risk

89/500

Wind risk

Medium risk

49/500

Earthquake risk

Low risk

Alabama FAQs
Alabama FAQs

Other Real Estate In Alabama

Top Alabama Unreal Estate Agents
Kaiya Botosh

Kaiya Botosh

Jaydon Levin

Jaydon Levin

Martin Lipshutz

Martin Lipshutz

Alfonso Rosser

Alfonso Rosser

View related pages

State

  • Land for sale in Alabama
  • Condos in Alabama
  • Real Estate for Sale in Alabama
  • Land in Alabama

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