Biringham vs. Huntsville, AL
Hello BP. I'm currently analyzing the Birmingham and Huntsville markets and would like some feedback from investors or professionals who have done business there within the last few years. My research indicates that both markets have been rather flat with regard to appreciation and monthly rental cost. Huntsville is actually on the downward trend with monthly rents, however the city seems to be attracting a good number of millennials especially in the tech sector. I'm thinking that within the next few years, the rental cost curve will start to swing up in Huntsville, at least more so than Birmingham. Is this what you suspect also, or am I wrong? What are other details I should take into consideration when comparing these two markets? How do you think this information would affect appreciation and/or monthly rents? I would appreciate your honest feedback.