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Alabama is the twenty-eighth largest state by area, with a population of 4,887,871 (U.S. Census Bureau, July 1, 2019). Once the capital of the Confederate States, Alabama divisive past was rooted in the Civil War. It was not until the Civil Rights Movement in the 1960s that Alabama had become the forefront of racial equality.
Alabama's economy has a GDP of $224 billion (Bureau of Economic Analysis, July 1, 2018). Some of the main economic drivers are the automotive, chemicals, technology, forestry, and aeronautics industries. Many of the leading Fortune 500 companies have their headquarters in Alabama, including Encompass Health, Regions Bank, and The University of Alabama at Birmingham, to name a few.
The most recognized cities in Alabama are Birmingham, Huntsville, and Montgomery.
Birmingham is located in north-central Alabama and has a population of 212,265. Birmingham is home to Oak Mountain State Park and Birmingham Botanical Gardens. Over the last ten years, Birmingham's housing market has appreciated by 1.17% annually. When compared to the rest of the nation, Birmingham's housing prices are significantly lower, with the median home price of $65,500 and a median rent of $1,022.
Huntsville resides in Northern Alabama and has a population of 190,501. Huntsville is home to U.S. Space and Rocket Center and Monte Sano State Park. Over the last ten years, Huntsville's housing market has appreciated by 0.58% annually. When compared to the rest of the country, Huntsville's housing prices are significantly lower, with the median home price of $153,200 and a median rent of $853.
Montgomery is the capital city of Alabama and has a population of 200,761. Montgomery is home to Montgomery Zoo, Mann Wildlife Learning Museum, and Civil Rights Memorial. Over the last ten years, Montgomery 's housing market has depreciated by 9.89%. When compared to the rest of the nation, Montgomery's housing prices are significantly lower, with the median home price of $84,200 and a median rent of $776.