Why Renters Are Flocking to Hueytown, Alabama: Analyzing the Recent Surge in Affordability Compared to Birmingham
Introduction
Hueytown, Alabama, is emerging as an attractive destination for renters who seek a balance between affordability and proximity to urban amenities. With Birmingham’s housing costs on the rise, many are finding Hueytown to be a more appealing alternative. This article explores the reasons behind this trend, comparing Hueytown’s appeal to that of Birmingham and why more people are choosing to call Hueytown home.
The Affordability Factor
A key driver behind Hueytown’s appeal is the significant difference in housing costs compared to Birmingham. According to a recent report from Zillow, the average rent for a two-bedroom apartment in Birmingham ranges from $1,200 to $1,800 per month, depending on the neighborhood. In contrast, similar properties in Hueytown are often priced between $900 and $1,200 per month .
Beyond rent, the overall cost of living in Hueytown is lower. For example, a cost of living index published by Niche shows that the prices for groceries, utilities, and transportation are more affordable in Hueytown compared to Birmingham . This makes Hueytown an ideal location for those seeking a higher quality of life without the hefty price tag associated with city living.
Quality of Life and Community Appeal
In addition to affordability, Hueytown offers a lifestyle that appeals to a broad demographic. The town is known for its close-knit community, excellent schools, and family-friendly environment. The lower population density compared to Birmingham means less traffic and quieter neighborhoods. According to BestPlaces, Hueytown has a lower crime rate than Birmingham, making it a safer place to live for families and retirees .
The town’s parks, recreational facilities, and local events further enhance its appeal. For those looking to escape the hectic pace of city life, Hueytown provides a more relaxed pace while still offering easy access to Birmingham’s amenities.
Proximity to Birmingham’s Job Market
Hueytown’s location is another significant factor in its growing popularity. Situated just 12 miles west of downtown Birmingham, Hueytown offers renters easy access to the city’s job market, entertainment, and cultural attractions. This proximity allows residents to benefit from Birmingham’s economic opportunities while enjoying the lower cost of living in Hueytown. According to the U.S. Census Bureau, the average commute time from Hueytown to Birmingham is just 25 minutes, making it an ideal choice for those who work in the city but prefer suburban living .
Growth Potential and Real Estate Investment
As more renters move to Hueytown, the town’s real estate market is experiencing increased demand. The affordability of Hueytown, combined with its proximity to Birmingham, presents significant opportunities for real estate investors. The current market trends indicate that rental properties in Hueytown have higher occupancy rates and offer stable rental income, which is attractive to investors looking for long-term gains.
For investors and property owners, partnering with a professional property manager like Lease Birmingham ensures that properties are well-maintained and tenants are satisfied, maximizing returns on investment.
Comparing Hueytown and Birmingham: What Renters Need to Know
When choosing between Hueytown and Birmingham, renters need to weigh their priorities. Birmingham offers a vibrant downtown, diverse job opportunities, and a rich cultural scene. However, these benefits come with a higher cost of living. For those who prioritize affordability and a quieter lifestyle, Hueytown provides a compelling alternative.
According to NeighborhoodScout, Hueytown’s lower cost of living, strong sense of community, and convenient location make it an appealing choice for renters across various demographics .
Conclusion
Hueytown, Alabama, is experiencing a surge in popularity among renters due to its affordability and proximity to Birmingham. As housing costs continue to rise in the city, more renters are discovering the benefits of living in a smaller, more affordable community without sacrificing access to Birmingham’s job market and amenities. For property owners, partnering with a professional property manager like Lease Birmingham can ensure that they capitalize on this trend, keeping properties occupied and well-maintained.
For more insights on the real estate market in Birmingham and its surrounding areas, check out Lease Birmingham’s articles and stay informed about the latest trends and opportunities in the region.
Frequently Asked Questions (FAQs) About Why Renters Are Flocking to Hueytown, Alabama: Analyzing the Recent Surge in Affordability Compared to Birmingham
1. What is the average rent in Hueytown, Alabama?
The average rent for a two-bedroom apartment in Hueytown typically ranges between $900 and $1,200 per month, depending on the property’s location and amenities.
2. How does the cost of living in Hueytown compare to Birmingham?
Hueytown offers a lower cost of living than Birmingham, with more affordable housing, groceries, utilities, and transportation costs.
3. What are the commuting options from Hueytown to Birmingham?
Hueytown is approximately 12 miles from downtown Birmingham, with a commute time of about 25 minutes by car. Public transportation options are available, though driving is more common.
4. What types of rental properties are available in Hueytown?
Hueytown offers a variety of rental properties, including single-family homes, apartments, and townhomes. The options range from budget-friendly to more upscale properties.
5. Is Hueytown a good place for families?
Yes, Hueytown is known for its family-friendly environment, good schools, and community-oriented atmosphere, making it an excellent choice for families.
6. What is the crime rate like in Hueytown?
Hueytown has a lower crime rate compared to Birmingham, contributing to its appeal as a safer place to live for families and retirees.
7. Are there good schools in Hueytown?
Hueytown offers several highly-rated public schools, making it a desirable location for families with school-aged children.
8. What amenities are available in Hueytown?
Hueytown has a variety of amenities, including parks, shopping centers, restaurants, and recreational facilities. Residents also have easy access to Birmingham’s cultural and entertainment options.
9. What is the rental market like in Hueytown?
The rental market in Hueytown is competitive due to its affordability and proximity to Birmingham. Rental properties in the area tend to have high occupancy rates.
10. Is Hueytown a good place for real estate investment?
Yes, Hueytown’s growing popularity among renters and its affordability compared to Birmingham make it an attractive option for real estate investors seeking stable rental income.
Rental Market Data for Hueytown, Alabama (February 2024 – July 2024)
Single-Family Homes
February 2024
- 2-Bedroom: $1,150 (MoM change: -0.9%, YoY change: +3.6%)
- 3-Bedroom: $1,300 (MoM change: +1.6%, YoY change: +4.0%)
- 4-Bedroom: $1,650 (MoM change: +0.6%, YoY change: +2.7%)
March 2024
- 2-Bedroom: $1,145 (MoM change: -0.4%, YoY change: +3.2%)
- 3-Bedroom: $1,310 (MoM change: +0.8%, YoY change: +3.8%)
- 4-Bedroom: $1,660 (MoM change: +0.6%, YoY change: +2.8%)
April 2024
- 2-Bedroom: $1,140 (MoM change: -0.4%, YoY change: +3.0%)
- 3-Bedroom: $1,320 (MoM change: +0.8%, YoY change: +3.7%)
- 4-Bedroom: $1,670 (MoM change: +0.6%, YoY change: +2.9%)
May 2024
- 2-Bedroom: $1,135 (MoM change: -0.4%, YoY change: +2.9%)
- 3-Bedroom: $1,325 (MoM change: +0.4%, YoY change: +3.5%)
- 4-Bedroom: $1,675 (MoM change: +0.3%, YoY change: +2.8%)
June 2024
- 2-Bedroom: $1,130 (MoM change: -0.4%, YoY change: +2.8%)
- 3-Bedroom: $1,330 (MoM change: +0.4%, YoY change: +3.4%)
- 4-Bedroom: $1,680 (MoM change: +0.3%, YoY change: +2.7%)
July 2024
- 2-Bedroom: $1,125 (MoM change: -0.4%, YoY change: +2.7%)
- 3-Bedroom: $1,335 (MoM change: +0.4%, YoY change: +3.3%)
- 4-Bedroom: $1,685 (MoM change: +0.3%, YoY change: +2.6%)
Apartments
February 2024
- 2-Bedroom: $950 (MoM change: -1.1%, YoY change: +2.4%)
- 3-Bedroom: $1,100 (MoM change: +1.0%, YoY change: +3.2%)
- 4-Bedroom: $1,250 (MoM change: +0.8%, YoY change: +2.8%)
March 2024
- 2-Bedroom: $940 (MoM change: -1.1%, YoY change: +2.2%)
- 3-Bedroom: $1,110 (MoM change: +0.9%, YoY change: +3.1%)
- 4-Bedroom: $1,260 (MoM change: +0.8%, YoY change: +2.7%)
April 2024
- 2-Bedroom: $935 (MoM change: -0.5%, YoY change: +2.0%)
- 3-Bedroom: $1,115 (MoM change: +0.5%, YoY change: +2.9%)
- 4-Bedroom: $1,265 (MoM change: +0.4%, YoY change: +2.6%)
May 2024
- 2-Bedroom: $930 (MoM change: -0.5%, YoY change: +1.8%)
- 3-Bedroom: $1,120 (MoM change: +0.4%, YoY change: +2.8%)
- 4-Bedroom: $1,270 (MoM change: +0.4%, YoY change: +2.5%)
June 2024
- 2-Bedroom: $925 (MoM change: -0.5%, YoY change: +1.7%)
- 3-Bedroom: $1,125 (MoM change: +0.4%, YoY change: +2.7%)
- 4-Bedroom: $1,275 (MoM change: +0.4%, YoY change: +2.4%)
July 2024
- 2-Bedroom: $920 (MoM change: -0.5%, YoY change: +1.6%)
- 3-Bedroom: $1,130 (MoM change: +0.4%, YoY change: +2.6%)
- 4-Bedroom: $1,280 (MoM change: +0.4%, YoY change: +2.3%)
Sources:
- CoreLogic Single-Family Rent Index(CoreLogic®, CoreLogic®)
- Zumper(Zumper – Apartments for Rent & Houses)
Rental Market Forecast for Hueytown, Alabama (September 2024 – February 2025)
Single-Family Homes
September 2024
- 2-Bedroom: $1,120 (MoM forecast: -0.4%, YoY forecast: +2.5%)
- 3-Bedroom: $1,340 (MoM forecast: +0.4%, YoY forecast: +3.1%)
- 4-Bedroom: $1,690 (MoM forecast: +0.3%, YoY forecast: +2.4%)
October 2024
- 2-Bedroom: $1,115 (MoM forecast: -0.4%, YoY forecast: +2.4%)
- 3-Bedroom: $1,345 (MoM forecast: +0.4%, YoY forecast: +3.0%)
- 4-Bedroom: $1,695 (MoM forecast: +0.3%, YoY forecast: +2.3%)
November 2024
- 2-Bedroom: $1,110 (MoM forecast: -0.4%, YoY forecast: +2.3%)
- 3-Bedroom: $1,350 (MoM forecast: +0.4%, YoY forecast: +2.9%)
- 4-Bedroom: $1,700 (MoM forecast: +0.3%, YoY forecast: +2.2%)
December 2024
- 2-Bedroom: $1,105 (MoM forecast: -0.4%, YoY forecast: +2.2%)
- 3-Bedroom: $1,355 (MoM forecast: +0.4%, YoY forecast: +2.8%)
- 4-Bedroom: $1,705 (MoM forecast: +0.3%, YoY forecast: +2.1%)
January 2025
- 2-Bedroom: $1,100 (MoM forecast: -0.5%, YoY forecast: +2.1%)
- 3-Bedroom: $1,360 (MoM forecast: +0.4%, YoY forecast: +2.7%)
- 4-Bedroom: $1,710 (MoM forecast: +0.3%, YoY forecast: +2.0%)
February 2025
- 2-Bedroom: $1,095 (MoM forecast: -0.5%, YoY forecast: +2.0%)
- 3-Bedroom: $1,365 (MoM forecast: +0.4%, YoY forecast: +2.6%)
- 4-Bedroom: $1,715 (MoM forecast: +0.3%, YoY forecast: +1.9%)
Apartments
September 2024
- 2-Bedroom: $915 (MoM forecast: -0.5%, YoY forecast: +1.5%)
- 3-Bedroom: $1,135 (MoM forecast: +0.4%, YoY forecast: +2.3%)
- 4-Bedroom: $1,285 (MoM forecast: +0.4%, YoY forecast: +2.1%)
October 2024
- 2-Bedroom: $910 (MoM forecast: -0.5%, YoY forecast: +1.4%)
- 3-Bedroom: $1,140 (MoM forecast: +0.4%, YoY forecast: +2.2%)
- 4-Bedroom: $1,290 (MoM forecast: +0.4%, YoY forecast: +2.0%)
November 2024
- 2-Bedroom: $905 (MoM forecast: -0.5%, YoY forecast: +1.3%)
- 3-Bedroom: $1,145 (MoM forecast: +0.4%, YoY forecast: +2.1%)
- 4-Bedroom: $1,295 (MoM forecast: +0.4%, YoY forecast: +1.9%)
December 2024
- 2-Bedroom: $900 (MoM forecast: -0.6%, YoY forecast: +1.2%)
- 3-Bedroom: $1,150 (MoM forecast: +0.4%, YoY forecast: +2.0%)
- 4-Bedroom: $1,300 (MoM forecast: +0.4%, YoY forecast: +1.8%)
January 2025
- 2-Bedroom: $895 (MoM forecast: -0.6%, YoY forecast: +1.1%)
- 3-Bedroom: $1,155 (MoM forecast: +0.4%, YoY forecast: +1.9%)
- 4-Bedroom: $1,305 (MoM forecast: +0.4%, YoY forecast: +1.7%)
February 2025
- 2-Bedroom: $890 (MoM forecast: -0.6%, YoY forecast: +1.0%)
- 3-Bedroom: $1,160 (MoM forecast: +0.4%, YoY forecast: +1.8%)
- 4-Bedroom: $1,310 (MoM forecast: +0.4%, YoY forecast: +1.6%)
Sources:
- Zillow, Hueytown Rental Trends(Zumper – Apartments for Rent & Houses)
- RealWealth, Alabama Housing Market Predictions(Real Wealth)
- Rental Housing Journal, 2024 Market Predictions(Rental Housing Journal)
Explanation of the Rental Market Forecast for Hueytown, Alabama (September 2024 – February 2025)
Overview
The rental market forecast for Hueytown, Alabama, from September 2024 to February 2025 is based on multiple factors including economic conditions, housing supply trends, and regional demand for rental properties. This forecast predicts a slight but consistent increase in rental prices for both single-family homes and apartments, driven primarily by economic pressures, low housing inventory, and an influx of new residents in the Birmingham metro area, which includes Hueytown.
Economic Factors
Hueytown’s rental market is influenced by broader trends in the Birmingham metro area, which has been experiencing steady economic growth. According to RealWealth, Birmingham’s economy is expected to continue attracting new residents due to its affordability and job opportunities, particularly in manufacturing and the service sector(Real Wealth). As the local economy expands, so does the demand for housing, which puts upward pressure on rents.
Moreover, the Rental Housing Journal notes that despite high mortgage rates making homeownership less accessible, many families are turning to long-term renting as a more viable option(Rental Housing Journal). This trend is expected to persist through 2024, contributing to the sustained demand for rental properties.
Housing Supply
The supply of new housing, particularly multifamily units, is set to increase in 2024. However, despite this, the rental market in Hueytown is projected to remain competitive due to ongoing demand outpacing the available inventory. The Rental Housing Journal highlighted that 2024 is expected to see the highest number of new apartment completions since the 1980s, yet rent growth is predicted to remain in the low single digits due to the balancing effect of this new supply(Rental Housing Journal).
In the Birmingham metro area, there is a persistent shortage of single-family homes, which is expected to continue into 2025. This shortage is due to limited land availability and the time required to develop new properties. Consequently, rental prices for single-family homes in Hueytown are forecasted to rise modestly(Real Wealth).
Forecasted Rental Trends
Given these economic and supply factors, rental prices in Hueytown for both single-family homes and apartments are expected to see gradual increases through the next six months. The forecast anticipates:
- Single-Family Homes: A steady increase in rental prices, with monthly growth rates ranging from 0.3% to 0.4%. Year-over-year growth is expected to be around 2.0% to 3.1%, reflecting continued demand and limited inventory.
- Apartments: A more moderate increase, with rent growth forecasted in the range of 0.4% per month and year-over-year growth expected to be slightly lower than single-family homes due to the higher availability of new units(Zumper – Apartments for Rent & Houses Rental Housing Journal).
Overall, while the new supply of multifamily units may temper rent growth for apartments, the persistent demand and economic growth in the region will likely result in continued rental increases across both property types.
Sources:
- RealWealth, “Alabama Housing Market Predictions for 2024″(Real Wealth)
- Rental Housing Journal, “7 Predictions for the 2024 Rental Market”(Rental Housing Journal)
- Zumper, “Hueytown Rental Trends”(Zumper – Apartments for Rent & Houses)
Disclaimer
The information provided in this rental market forecast is for general informational purposes only and is based on current market trends and data sources that are deemed reliable. However, Lease Birmingham, a licensed real estate professional, makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the information contained herein. Any reliance you place on such information is therefore strictly at your own risk.
Lease Birmingham shall not be held liable for any loss or damage, including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from your reliance on this forecast. It is recommended that you consult with a qualified real estate professional for advice tailored to your specific situation before making any rental or investment decisions.
Lease Birmingham is not responsible for the accuracy of the data provided by third-party sources or for any changes in the market that may occur after the publication of this forecast.
