Investing Birmingham vs. Huntsville
I am looking to purchase a few single-family homes in Alabama, and I am interested in learning more about the difference between Huntsville and Birmingham. Huntsville definitely seems to have a dynamic, knowledge-based economy that is attracting lots of young professionals, but it has pushed the property values up significantly. Is there still money to be made in Huntsville with turnkey rentals? Is the general opinion that appreciation will continue? Is Birmingham on track to be come the next Huntsville in terms of job growth and appreciation, or will it not see the same type of growth? Is Birmingham a good place currently for turnkey rentals?
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Birmingham is bigger than Huntsville. It definitely depends on which job industry you’re referring to. Birmingham has a lot of industry and a lot of plants/warehouses opening and have recently opened in Birmingham. Both have areas that will appreciate in the near future.