When it comes to purchasing a new home, employment and income are huge factors in the decision process. For Alabama residents, there is great news! Per capita income has increased year-over-year, not only in the State of Alabama, but also Montgomery and Birmingham, just minutes from our new home communities!
From 2012 to 2013, per capita income in Alabama grew 1.5 percent which is above the national increase of 1.3 percent. While the average per capita income in Alabama is still below the national average, it shows that the economy in Alabama is improving.
The Montgomery metro area showed the most significant per capita income increase and grew 1.9 percent in 2013, while metro Birmingham saw an increase of 1.1 percent.
What this means for residents of homes in metro Montgomery and Birmingham is that the economy is stabilizing, jobs are increasing and so are the salaries. The real estate industry has also benefited from all of this great news as new home starts and home sales continue to rise.
For residents looking to purchase a new home near Montgomery, we are currently selling beautiful single-family homes at established Pike Road community, The Waters. Starting in the upper $200’s, we currently have several new homes under construction at The Waters. Interested buyers are encouraged to stop by the fully-decorated model home showcasing the Florence home design with a gourmet kitchen, spacious family room and views of Lake Cameron. For more information on homes at The Waters in Pike Road, call 334-799-6251.
In addition to our new homes near Montgomery, we have several communities located throughout metro Birmingham with two communities coming soon to the Gardendale area.
With per capita incomes showing yearly increases, there has never been a better time to work and live in metro Birmingham or Montgomery. For more information on our Alabama communities, visit the Harris Doyle website today.