In 2018, Business Insider named Huntsville the number one place to find a tech-sector job in the United States outside of Silicon Valley. And Mazda/Toyota committed $1.6 billion to build a new manufacturing facility that will add 4,000 jobs to the area. Facebook and Google committed $750 million and $600 million, respectively, to build data centers in the Huntsville area. For example, Blue Origin, founder Jeff Bezos' space startup, committed to build a $200 million facility in Northern Alabama. More than $4 billion has been committed to growth projects in the Huntsville area. In fact, Huntsville has been one of the biggest beneficiaries of tech companies seeking cheaper places than Silicon Valley to do business, and ZipRecruiter found that tech jobs in Huntsville quadrupled from 2016 to 2017 alone. This is especially true when it comes to high-paying tech sector jobs. Northern Alabama, where Huntsville is located, has experienced incredible job growth in recent years. Impressively, Huntsville is doing even better, with just 2.1% unemployment thanks to the influx of well-paying jobs. "We expect this momentum to continue for the next few years," she said.Alabama, in general, has a strong job market, with 2.7% unemployment - well below the national average and a record low for the state. Friedman said that the phenomenon of over-asking-price, sight-unseen offers is becoming common for Huntsville. His home sold above asking price and within three days. "We hadn't even had any viewings," Wiley told a local ABC affiliate in June. One local, Chris Wiley, listed his home earlier this summer and was shocked when he received seven bids almost immediately. "We just don't have enough homes on the market for all the buyers," Friedman said. Like elsewhere in the US, tight housing inventory is pushing home prices up. That's up from the average June 2020 sale time of 26 days and average sale price of $284,489. Huntsville homes typically sold within 13 days in June at an average price of $326,000, according to the HAAR. Huntsville is even nicknamed "Rocket City" because of its ties to the aerospace industry, and according to Zelda Friedman, the president of the Huntsville Area Association of Realtors, it's that "tremendous amount of industry" and all its new arrivals that have made the local housing market take off, too. (Major employers keep moving in: Facebook and the consulting firm Booz Allen Hamilton also have a presence.) Local tech-job growth is boosting the housing marketīrian Xu, a senior data scientist at LinkedIn, told Insider that Huntsville is one of the top spots in the country luring tech workers and engineers right now, largely because of hiring sprees at major outposts for NASA and the FBI, among other firms like Lockheed Martin, Blue Origin, and Raytheon. Other outlets are catching on: The Wall Street Journal and just named Huntsville one of the hottest emerging housing markets while an annual study from United Van Lines National Movers found that Huntsville was the fourth most popular city to move to in 2020. Insider had previously predicted that the area would boom amid the pandemic based on factors including its low housing cost and cost of living and its high employment and education. An analysis by Insider's Madison Hoff found that the metro area also welcomed more residents than it lost every year for the past decade, making its pandemic boom the latest spike in years of growth. According to the US Census Bureau, almost 9,000 people moved to Huntsville between 20. The Lagers join thousands of recent relocators to the Huntsville area. Her husband accepted the job offer as soon as they touched back down in San Francisco - before they'd even left the airport. "I could feel a sense of community," she told Insider. A live performer posted outside a charming coffee shop sold her on Huntsville. They were also raising their two children, ages 14 and 18, in the Bay Area.Īs Lager walked by immaculate brick buildings and passed locals who greeted her warmly, she considered what her family could gain from relocating: a larger home, lower taxes, reduced anxiety about wildfires. The couple needed to decide whether they could leave California, where they were both born. Her husband had just been offered a job there at the aerospace and defense company Lockheed Martin, which has a growing presence alongside other space firms in the growing city (population 462,000) near the Tennessee border.
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