A healthy housing market is stable and affordable.
And, according to a study by New York-based SmartAsset, Huntsville has the healthiest housing market in the state.
In fact, Madison County is home to four of Alabama’s 10 healthiest markets. Huntsville is joined by Harvest at No. 2, Madison at No. 5 and Meridianville at No. 6.
In assessing the study, SmartAsset, a financial technology company, considered four factors: stability, affordability, fluidity and risk of loss.
Affordability accounted for 40 percent of the Healthiest Markets Index, while each of the other three factors accounted for 20 percent. When data on the four factors was unavailable for certain cities, those cities were excluded from the final rankings.
To read the study and methodology, visit https://smartasset.com/