About Alabama economy

The real gross domestic product per capita (Engl. per capita GDP in real terms) in 2006 stood at $ 29,697 (national average of the 50 U.S. states: USD 37,714; place national ranking: 44).

Especially on the river level of the Alabama River will be operated farming, especially cotton, corn, sugarcane, tobacco, potatoes and forage. In the field of animal husbandry are mainly cattle and pigs kept.

Alabama consists of 50 percent from pine and hardwood forests, which is also a large forestry and timber industry possesses. The proportion of industrial economy of the state was in the 19th and 20 Century primarily on the textile industry (mainly cotton), and cement structure, and in the area around Birmingham (suburbs with Bessemer and Irondale), where iron ore increased occur, including an iron and steel industry. Meanwhile play cars (Daimler-Benz plant in Tuscaloosa, Honda plant in Lincoln and Hyundai in Montgomery) and technology (NASA in Huntsville) an increasing role.

Alabama real estate values

Alabama real estate values including median price of real estate listings in Alabama by each listing type.

Listing Type Number Median Price Price Change
from Sep
Homes for Sale 29,732 $179,500 -0.2%
New Homes 10 $160,000 0.0%
Foreclosures 1,917 $88,698 +1.5%

Alabama real estate markets

The most popular real estate markets for the Alabama state are in the following areas:
•    Anniston
•    Atlanta
•    Birmingham
•    Chattanooga
•    Tupelo
•    Dothan
•    Florence
•    Huntsville
•    Meridian
•    Pensacola
•    Montgomery
•    Tuscaloosa

Bear in mind that the list of Alabama real estate markets may be subject to change due to economic issues.