Quick facts: Huntsville, AL

Quick Facts

93
Cost of Living
below US average
221,933
Population
49.56
Crime Rate per 1000
above US average
$67,874
Median Income
below US average
$465,000
Median House Price
above US average
$1445.95
Average Rent
above US average
10%
Poverty Rate
below US average
2.6%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $67,874.

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Income Needed to Buy

βœ— Stretch
$146k/year
Based on $465,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $146k vs median $67,874
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Income Needed to Rent

βœ“ Affordable
$62k/year
Based on $1445.95/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($67,874) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Huntsville, AL

Huntsville, Alabama, often referred to as β€œRocket City,” is renowned for its rich history in aerospace and military technology. With a population of approximately 200,000, it is one of the fastest-growing cities in the United States. Huntsville is home to NASA’s Marshall Space Flight Center and the U.S. Army’s Redstone Arsenal, which have played pivotal roles in the nation's space exploration and defense efforts. The city features a vibrant culture, with a mix of historical sites, museums, and thriving arts scenes. The U.S. Space & Rocket Center is a must-visit, offering engaging exhibits on space and science. Huntsville's parks, such as the beautiful Monte Sano State Park, provide opportunities for hiking, biking, and enjoying nature. Economically, Huntsville boasts a strong job market, driven by technology, research, and education sectors. The presence of several higher education institutions, including the University of Alabama in Huntsville, contributes to a skilled workforce. Overall, Huntsville is a city that blends innovation with southern charm, making it an attractive place to live and work.

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