Why Invest in Alabama?
Alabama is located in the Southeastern part of the United States known for the beautiful Gulf Shores, NASA’s George C. Marshall Space Flight Center, and one of the longest inland navigable waterways in the U.S. With a GDP of over $200 billion, a population of close to 5 million people, and a diverse economy, investors are seeking Alabama as a profitable place to purchase single family rentals.
A wide variety of industries are driving the Alabama economy including education, healthcare, aerospace, and banking. Some of Alabama’s largest employers are also some of the most stable, and include Redstone Arsenal, University of Alabama at Birmingham, Maxwell Air Force Base, and the State of Alabama.
In total, five Fortune 500 companies call Alabama home, and they are Regions Financial, Protective Life, Vulcan Materials, HealthSouth, and Energen. With a stable employment base found in government and education jobs mixed with a prosperous collection of large and medium sized businesses, Alabama’s growing need for skilled workers is placing an increased demand for single family rentals.
Although Alabama offers profitable real estate markets throughout the state, some of the best opportunities are found through single family rentals located near the major cities such as Birmingham, Montgomery, Huntsville, Mobile, and Tuscaloosa.
Getting Started in Real Estate Investing? HomeUnion® Can Help
HomeUnion® is the leader in residential real estate investment. With the use of big data and machine learning, we analyze information on millions of single family homes in Alabama; and across the United States and calculate home values RENTestimate for every property in Alabama. If you’re looking for the best investment properties across the country, visit our comprehensive investment site.