A recent study by Housing Market Analysis conducted by National City Corp reveals there are many real estate markets nationwide with drastically inflated housing prices. One of the worst cases is Naples, Florida, which boasts prices that are 84% higher than they should be, according to CNNMoney.com. "National City arrives at its estimates of what the typical house in these markets should cost by examining the town's population densities, local interest rates, and income levels. It also factors in historical premiums and discounts for each area," states the CNNMoney.com site.



However, not all markets fall into this same category. In fact, numerous others are right in line or even undervalued. It's those undervalued cities that offer some of the best bargains in real estate. One such area is Huntsville. Real estate in this Alabama town is reportedly 11% below average market rates. To put that in real dollars, a home that might cost $100,000 in Albuquerque, New Mexico could only cost $89,000 in Huntsville.

Real estate, however, is not the only advantage to buying in Huntsville. Employment is a big advantage. With an unemployment rate of nearly half the national average, Huntsville has plenty of opportunities for those in real estate, construction, professional & technical services, and government. Adding to the mix is the Base Realignments and Closures (BRAC), which is opening civilian and government jobs as those from closed or restructured bases move into the Huntsville area.

In addition, employment needs will increase from the residual affects of thousands of added citizens. Childcare and real estate are two areas that will find particular needs. As more people flood into Huntsville, the need for childcare will grow tremendously. This will make those with professional childcare experience extremely valuable. Likewise, the new infusion of people will also create a housing boom spinning off jobs due to rising demand. New positions including construction worker, architect, real estate agent, rental agent and more are expected to become available.

Lastly, a lower cost of living makes Huntsville appealing. With the cost of living and salary adjustments, someone moving from Stamford, Connecticut to Huntsville, Alabama making $35,000 per year would typically see an increase in disposable income of $7,988 per year, according to Salary.com. Considering the 11% lower property valuation mentioned earlier, this means housing dollars can be stretched to buy homes significantly larger and nicer than in other areas of the country.

Before considering a move to other cities, be sure to assess every aspect to determine the town's true value. Jobs, cost of living and real estate prices all come together to develop a true picture of a city and what type of lifestyle you can expect to achieve. Don't settle when you have an opportunity to have it all!