Real Estate Relocation Guide To Alabama

Relocating from Chicago to Alabama is a major move. You’re crossing state lines and heading 600 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Birmingham or Mobile you can get a good idea of the Alabama landscape and locate the best area for you and your family.

We’ll start with the big picture… Alabama has an estimated population of 4.6 million* and around 50,000 square miles of land. The total number of housing units is 2,110,139, of which about 1.3 million are owner-occupied and 500,000 are inhabited by renters. Roughly 300,000, or 14 percent, of the residences in the state are vacant. The median home value in Alabama is $107,000 and the median household income is $38,783. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of Alabama, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Alabama real estate has to offer…

About 30,000 homes in Alabama are new construction, developed in 2005 or after (another 180,000 were put up between 2000 and 2004). Alabama has its share of vintage charm as well with 144,000 residences built prior to 1940. The total number of detached, single-family houses across the state is 1.4 million, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Heart of Dixie, monthly mortgage costs in [Alabama] generally hover between $500 and 1,500.

Relocation Resources

Alabama Real Estate
Alabama Real Estate Services

Birmingham, AL Apartments & Rentals
Search for apartments, condos, town homes or lofts to rent in Birmingham, Alabama.

Discover Our Lake - The Ken Williams Sales Team
Specializing in all your Waterfront, Water Access, Water View & Residential Real Estate needs in the Guntersville, Albertville, Arab, Grant, Scottsboro, Langston, Marshall, Jackson, DeKalb, Blount, Etowah, Madison & Cullman County Areas of North Alabama. Bookmark us for all your North Alabama Real Estate needs.

Exit Realty Gulf Shores Alabama
Your Real Estate Specialist for Gulf Shores, Orange Beach, Perdido Key, Foley & the Gulf Coast Area. We can help you buy or sell a Beach Condo, Golf Course Home or Investment Property.

*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com