|
Alabama Real Estate
The Alabama real estate market is in a growing pattern. Many changes have taken place statewide to boost education and the economy, making it a nice place to live. Residents also enjoy having the lowest taxes in the country, making Alabama relocation very desirable.
Statewide, Alabama real estate prices have climbed 5-10% over two years. The average sale price of a home is $146,000. In nearby Huntsville, real estate is selling a little higher than the state average at $150,000. The market is mixed equally with buyers and sellers, and houses are on the market for 60-90 days before selling.
Alabama homes are split between rural and urban areas. Many farms are in the northern and central part of the state, where the economy is weaker. The southern region boasts of more vacation properties and golf resorts due to its proximity to the Gulf of Mexico. The Mobile real estate market contains a lot of waterfront and older homes that are higher in price. Montgomery and Talladega are large cities with big suburban areas that are popular to live in too.
| Admitted to the U.S.: |
December 14, 1819 |
| Capital: |
Montgomery |
| Population: |
4,464,500 |
| Nickname: |
Yellowhammer State |
| State Bird: |
Yellowhammer |
| State Flower: |
Camellia |
| State Tree: |
Longleaf Pine |
|
