Investor · Cross Plains, TN · Member since 2016 · 59 posts · 12 votes
Can anyone help get me started on the Huntsville Market. I have one rental in Birmingham but wanted to expand my search to Huntsville. Looking for B class properties, SFR or Multi. Can anyone suggest some zip codes or areas to start searching? Or some areas to definitely avoid? Thanks for your help in advance!
one of my favorite websites is the ESRI.com Zipcode lookup. It provides data/stereotypes for different neighborhoods. It helps give you a feel for the neighborhood, as in the type of resident.
33.0% Approaching retirement, we're empty-nester, married couples, or have no kids. Our lifestyle is cultured and urbane; we support the arts and public radio/TV. We go online for everything. Click for More Details
Emerald City
12.7%
Young, mobile, well-educated, and well-employed, we are more likely to rent in low-density, urban neighborhoods throughout the country. We go online for professional networking, online dating, and blogging. We buy natural, organic, or environmentally-friendly products. Click for More Details
Set to Impress
7.9%
We are young, either still in college or working, and renting apartments in large multiunit buildings in the city or the suburbs. We still keep in close touch with family. We are very image conscious and often buy clothes impulsively to look good. We are really into music. Click for More Details
one of my favorite websites is the ESRI.com Zipcode lookup. It provides data/stereotypes for different neighborhoods. It helps give you a feel for the neighborhood, as in the type of resident.
33.0% Approaching retirement, we're empty-nester, married couples, or have no kids. Our lifestyle is cultured and urbane; we support the arts and public radio/TV. We go online for everything. Click for More Details
Emerald City
12.7%
Young, mobile, well-educated, and well-employed, we are more likely to rent in low-density, urban neighborhoods throughout the country. We go online for professional networking, online dating, and blogging. We buy natural, organic, or environmentally-friendly products. Click for More Details
Set to Impress
7.9%
We are young, either still in college or working, and renting apartments in large multiunit buildings in the city or the suburbs. We still keep in close touch with family. We are very image conscious and often buy clothes impulsively to look good. We are really into music. Click for More Details
Rental Property Investor · San Ramon, CA · Member since 2017 · 35 posts · 12 votes
6y
@Daniel Highsmith I know this is an old post from a few years back, but trying to research the Huntsville market for opportunities in the MF space and wanted to see if you had been able to get some background on zip codes in Hunstville to invest in/avoid? Looking at B-/C+ neighborhoods. Thoughts would be appreciated.
I am OOS investor in Hunstville from Bay Area. HSV does not have a lot of MF deals right now. Most of the small MFs are concentrated in some areas.
We have a bay area HSV investors google group that is very active. I would be happy to add you. PM me with your email id and I can add you to that group.
I am OOS investor in Hunstville from Bay Area. HSV does not have a lot of MF deals right now. Most of the small MFs are concentrated in some areas.
We have a bay area HSV investors google group that is very active. I would be happy to add you. PM me with your email id and I can add you to that group.
Real Estate Broker · Birmingham, AL · Member since 2019 · 322 posts · 200 votes
5y
We’ve got several properties in the Huntsville area, as far as zip codes go I would recommend taking a look at 35803, 35810 N, 35810 S, and 35816. I’d also suggest taking a look at Athens, Decatur, and Madison. We like these zip codes for several reasons- property appreciation, high renter populations, good employment numbers, and relatively low barriers to entry compared to high dollar markets.
Huntsville, AL · Member since 2018 · 577 posts · 864 votes
5y
@Peter McDonough - 2 years ago, I would have completely agreed with you. But there are now pockets of 35810 that have really changed, and are closer to B neighborhoods than C/D neighborhoods. A lot of money has come into parts of 35810 (similar to Lowe Mill but to a lesser scale) in the last year or so, and house prices and rents have notably gone up in response.
That said, 35810 is not a zip code for the OOS investor who doesn't either have a good team on the ground or has visited the property itself. 4 blocks in this zip can be the difference between a B and a D neighborhood.
Huntsville, AL · Member since 2018 · 577 posts · 864 votes
5y
@Lindsay Davis - I find 35803 and 35816 to be very different investment plays - sure, both can work (let's be honest - any zip in North Alabama seems to have potential right now). But, for OOS investors, they are very different neighborhood classes.
35803 is typically solid B neighborhoods, with some A neighborhoods as well. Everything going for well over asking with multiple offers.
35816? 10% B neighborhoods, and the rest is C and D. Still seeing properties in this zip code for sale at 50k to 100k routinely.
Rental Property Investor · Huntsville, AL · Member since 2020 · 8 posts · 3 votes
5y
@Gorden Lopes
Hey Gordon,
I am also local in the Bay Area and invest in the Huntsville area! My wife and I just closed on our 3rd home in the area and would love to join the google group!
We’ve got several properties in the Huntsville area, as far as zip codes go I would recommend taking a look at 35803, 35810 N, 35810 S, and 35816. I’d also suggest taking a look at Athens, Decatur, and Madison. We like these zip codes for several reasons- property appreciation, high renter populations, good employment numbers, and relatively low barriers to entry compared to high dollar markets.
How do you think Huntsville would do for AIrBNB/VRBO? Any particular zip codes?
Rental Property Investor · Huntsville, AL · Member since 2015 · 181 posts · 136 votes
5y
Airbnb in Huntsville isn't worth your time. People don't come here for vacation, they come for 3-5 year army tours or to work on/around the Arsnenal on a government contract.
Property Manager · Huntsville, AL · Member since 2017 · 302 posts · 246 votes
5y
@Mora Clark New Market is doing quite well for rentals. I have an investor who bought one very recently, and it was rented in under a day. I've got more coming in that area. As far as living outside of the city limits, that's something that some potential tenants look for. I manage several in Harvest, Athens, Toney....outlying areas around Huntsville, and have great success with renting them, some even above market.