Alabama Real Estate Statistics

Alabama Real Estate Statistics 2022-2021

• Al has low costs of transportation with extensive road networks up to 46,000 miles
• Alabama has a low violent crime rate and low suicide rates of about 0.002% of the national count
• Rise in quality average health care costs at 2.6 doctors for every 1,000 people.
• Rich nature of mountainous ridges covering at least 30% of the state.
• Rise in market prices in Alabama with up to 10% hikes
• A rise in the demand for luxury homes in Alabama with hikes upto 5%
• Low unemployment rate at 6% only
• Good quality of life whereby it is ranked as the first state.

Alabama Real Estate Facts 2022-2021

Low transport cost, Alabama’s road network comprises about 44,500 miles of highways and secondary roads, including more than 1,750 miles of interstate highways. The combined
length of the rail and bus network is about 1,400 miles.

Cheap cost of living in Alabama- Lowest crime rate in the United States (No.1 for low homicide rate) – Source

Next to NYC (New York City), Birmingham has the lowest level of violent crime among U.S. cities, with 500,000. The state has the third most public land in any U.S. state, and parking spaces are plentiful. This information is courtesy of https://247wallst.com/state/cost-of-living-in-alabama/.

Low violent crime rate and low suicide rates, In Alabama, the violent crime rate is well below the national average. In 2015 there were 231 crimes per 100,000 residents, a fraction of the 557 per 100,000 residents nationwide. There were 459 suicides in Alabama in 2014 per 100,000 people. This figure was slightly lower than the national rate in 2014 of 1310 suicides. Alabama scored 95 for its low number of suicides and 97 for its low number of crimes per capita; It has various duty personnel at military bases in the state; hence the average crime rate is 66% lower than the national average as quoted in https://www.neighborhoodscout.com/al/crime.

Rise in quality average health care costs. “Alabama is one of the states with the fewest specialists per capita – a key to keeping health care costs down – at 2.6 doctors for every 1,000 people, only Florida has fewer” according to this. Alabama child health rank is 29 out of 51 for best states to live in children’s well-being category. The national rank was 27. The state has the lowest child poverty rate in the country, according to Kids Count. It scored 14 out of 100 for health care access.  https://info.healthlanguage.com/pophealth

Rich nature of mountainous ridges and physical sceneries Alabama’s parks, historic sites, museums, and monuments received about 14.9 million visitors in 2014, according to the Alabama Tourism Department. This revenue supported more than 17,000 jobs and generated $1.6 billion in economic impact for the state. reference site for this article is https://www.alabamatourism.org/

According to Alabama real estate statistics, demand remains high for luxury homes in Huntsville A.L. Huntsville Alabama has come into its own when it comes to design, architecture, and innovative thinking. The city is well known for hosting some of the best companies in the country, including Redstone Arsenal, an army research laboratory complex for advanced weapons and defense systems. Major global players in space technology include Northrop Grumman, Bellevue laboratories, and Boeing that all call this city home, and that’s commendable.

The city is also highlighted by the source from,https://www.census.gov/quickfacts/huntsvillecityalabamantsville,botanical gardens, which attract visitors worldwide. It has become an international meeting place for design and performance. Some of the most significant musical acts in rock history like Black Sabbath, Alice Cooper, Cheap Trick, KISS, and 38 Special have played here over the years. Alabama real estate statistics demand remains high for a luxury home in Huntsville; A.L. Huntsville Alabama has come into its own when it comes to design, architecture, and innovative thinking. The city is well known for hosting some of the best companies in the country, including Redstone Arsenal, an army research laboratory complex for advanced weapons and defense systems. Major global players in space technology include Northrop Grumman, Bellevue laboratories, and Boeing that all call this city home.

1. Rise in market prices in Alabama Alabama is the best state to live in according to U.S. News & World its amongst affordable states in the USA. The top 3 are Alabama, Mississippi, and Louisiana. from this source .
2. Alabama has the best economy in all 50 states, according to U.S. News & World Report’s annual ranking. The rankings for 2019 were released Monday, and Alabama improved from its No. 4 spot last year.
3. Alabama is also the No. 1 ranked state with an “overall quality of life,” including affordability and tax rates but doesn’t consider the median household income, poverty rates, and unemployment.
   Alabama also has the second-lowest cost of living in the U.S., more than $36,000 below the national average.

The state has the lowest child poverty rate in the country, according to Kids Count. It scored 14 out of 100 for health care access. (There’s a link here stating Alabama is #29 out of 51 states for children’s well-being.) source.

The low unemployment rate, Alabama’s unemployment rate was 6 percent in June 2015, according to the Bureau of Labor Statistics {https://www.bls.gov/}, which was better than the national rate of 6.1 percent. The state has one of the nation’s most significant military presences, with more than 40,000 active duty personnel representing the Army, Navy, Marines, and Air Force. This means there are many jobs for military personnel and people who want to work for defense contractors or federal agencies. Many of these high-end jobs are in Huntsville { }.

Alabama’s economy is known as a “low tax state,” where the combined state and local sales tax rates are 8.15 percent, one of the lowest in the country, according to the Tax Foundation

The minimum hourly wage is $7.25, but some cities have minimums that are higher than that rate.