is it a good time to buy single family rentals in Huntsville?

[Alba Cheung]

Hi, 

     I've been searching in Huntsville for two months now. I've come across some single-family homes from the 1960s that have been on the market for a while. The sellers have already reduced the prices, but they're still higher than the estimates on Zillow. Do you think it's a good time to buy in Huntsville? I'm also considering multi-family properties. I'd really appreciate any advice, connections, or recommendations for a local agent.

[Stacey Bochenski]

Quote from @Brian Piechocki:

I grew up in Huntsville. A friend of mine who still lives there said he couldn't believe how many houses are currently for rent in 5 points and Old Town. Any chance it's oversaturated with rentals because of the tremendous growth and press? I have no doubt the properties will appreciate over time though. Great city

I suspect it has more to do with the illegal STRs all being shut down. 5-points had a LOT that were not zoned properly and the city really came down on them. There was a flurry of furnished midterm and long term rentals available, and I suspect they were not successful so they are now trying long term rentals. Just my hunch.