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Cities with the fastest growing home prices in Huntsville metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Huntsville, AL metro area using data from Zillow. Cities are ranked by 1-year price change as of July 2022. The typical home value in the United States increased over the last year by +19.8% to $354,165. All 14 cities and towns with data available were included in the list.

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Stacker

#14. New Hope, AL

– 1-year price change: +$39,139 (+23.0%)
– 5-year price change: +$99,462 (+90.6%)
– Typical home value: $209,198 (#14 most expensive city in metro)

Stacker

#13. Hazel Green, AL

– 1-year price change: +$43,741 (+21.6%)
– 5-year price change: +$113,468 (+85.8%)
– Typical home value: $245,780 (#10 most expensive city in metro)

Stacker

#12. Ardmore, AL

– 1-year price change: +$45,936 (+24.9%)
– 5-year price change: +$103,310 (+81.4%)
– Typical home value: $230,279 (#12 most expensive city in metro)

Stacker

#11. Elkmont, AL

– 1-year price change: +$50,978 (+27.7%)
– 5-year price change: +$104,109 (+79.6%)
– Typical home value: $234,942 (#11 most expensive city in metro)

Stacker

#10. Huntsville, AL

– 1-year price change: +$53,078 (+23.2%)
– 5-year price change: +$130,551 (+86.4%)
– Typical home value: $281,724 (#6 most expensive city in metro)

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#9. New Market, AL

– 1-year price change: +$53,777 (+23.7%)
– 5-year price change: +$127,716 (+83.5%)
– Typical home value: $280,713 (#7 most expensive city in metro)

Stacker

#8. Lester, AL

– 1-year price change: +$55,342 (+34.5%)
– 5-year price change: +$127,716 (data not available)
– Typical home value: $215,737 (#13 most expensive city in metro)

Stacker

#7. Athens, AL

– 1-year price change: +$56,601 (+25.7%)
– 5-year price change: +$119,877 (+76.4%)
– Typical home value: $276,861 (#8 most expensive city in metro)

Stacker

#6. Gurley, AL

– 1-year price change: +$61,609 (+22.7%)
– 5-year price change: +$147,228 (+79.5%)
– Typical home value: $332,483 (#3 most expensive city in metro)

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#5. Harvest, AL

– 1-year price change: +$63,527 (+25.1%)
– 5-year price change: +$141,910 (+81.1%)
– Typical home value: $316,807 (#5 most expensive city in metro)

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#4. Triana, AL

– 1-year price change: +$64,255 (+31.0%)
– 5-year price change: +$133,729 (+97.1%)
– Typical home value: $271,497 (#9 most expensive city in metro)

Stacker

#3. Meridianville, AL

– 1-year price change: +$65,164 (+24.4%)
– 5-year price change: +$148,854 (+81.1%)
– Typical home value: $332,311 (#4 most expensive city in metro)

Stacker

#2. Madison, AL

– 1-year price change: +$67,398 (+21.7%)
– 5-year price change: +$159,769 (+73.4%)
– Typical home value: $377,395 (#2 most expensive city in metro)

Stacker

#1. Owens Cross Roads, AL

– 1-year price change: +$82,701 (+22.9%)
– 5-year price change: +$187,794 (+73.2%)
– Typical home value: $444,491 (#1 most expensive city in metro)