Metropolitan Statistical Area (MSA):
Albertville, AL is a Metropolitan Statistical Area (MSA) comprising counties including Marshall County.
There are many factors influencing real estate trends in the housing market, and the Albertville, AL metropolitan statistical area is no exception. The following are some of the most notable trends affecting this region:
1) The average home price in the Albertville MSA has increased significantly over the past few years, rising from $100,000 in 2013 to nearly $160,000 in 2018. This trend is being driven by a combination of strong economic growth and limited supply of available homes for sale.
2) The number of new homes being built in the Albertville MSA has also been on the rise in recent years. This is due largely to an increase in population growth as people are attracted to the region's strong economy and quality of life.
3) The vacancy rate for rental properties in the Albertville MSA remains relatively low, hovering around 5%. This is due largely to the fact that there is high demand for rental units but limited supply. As a result, rents have been rising steadily in recent years.