While most areas of our city were seeing growth and revitalization, it seemed for years as if one area was left behind in decades past. However, in recent years, North Huntsville has experienced rapid growth and revitalization. Sparked by an increase in job opportunities in the district, this growth has had a positive impact on the school system, the housing market, and many other aspects of the district.
North Huntsville’s Rapid Revitalization
Once an area characterized by aging homes and little economic growth, North Huntsville has experienced rapid revitalization efforts in recent years. As an area teeming with potential, many city leaders were perplexed by the lack of growth in this district.
Much of the growth of North Huntsville was spurred on by the job opportunities provided by Aerojet Rocketdyne and Toyota Motor Manufacturing. As these two manufacturing giants brought jobs to the district, the need for updated housing and school buildings became apparent. More recently, Facebook opened a data center in North Huntsville, bringing even more job opportunities to the area.
The growth in North Huntsville is not limited to these large corporations. In the past few years, countless businesses have moved into the district including fitness centers, restaurants, shops, and apartments! In order to keep up with the revitalization of North Huntsville, the city of Huntsville has addressed many roadwork projects that bring even greater value to the area.
What North Huntsville’s Revitalization Means for Real Estate
So, what does this revitalization and growth mean for the real estate market in North Huntsville? The housing market in North Huntsville continues to grow along with job opportunities and commercial development. Not only are new housing developments popping up all over the district but several community development projects are helping to revitalize older homes in the area!
Families, young professionals, and individuals of all ages are moving to North Huntsville, ensuring that they are part of the exciting things happening in the district! In fact, it is predicted that the population of North Huntsville will increase by 0.62% by the year 2024.
Now is the time to buy in North Huntsville! As businesses continue to move to the area, housing has never been in such high demand. With the projected growth of the area, it is safe to say that the real estate market will continue to flourish in North Huntsville and beyond.
The Future of North Huntsville
So, what’s next for North Huntsville? In early 2021, a large mixed-use development was announced for North Huntsville! This development will attract big-name retailers as well as create space for a new administration building for Huntsville City Schools.
Additionally, Facebook announced its intention to expand its existing data center, constructing two additional buildings. These exciting additions to North Huntsville will provide hundreds of job opportunities for individuals and young professionals.
We are excited to watch as North Huntsville continues to flourish. Be part of this exciting revitalization by moving to North Huntsville and supporting the growing economy and developments in the area!
