The foureclosure market in Alabama has lead to a housing market directed towards individuals looking for quality houses at great prices, perfect for the everyday Real Esatate Investor. There was a total of 19,896 properties with foreclosure filings. That works out to a rate of one filing for every 107 households, which is more than double the average in the United States as a whole, and a little less than one percent of the state's housing units.
Median household income in 2008 was $42,666. Alabama is the 23rd largest U.S. state by population, with approximately 4,661,900 people, and the 30th largest state by area covering 52,419 square miles. It's also now fourth in the country in automobile output, which has generated 67,800 new jobs since 1993.
Alabama has the largest industrial corridor in the nation and is a leader in steel and iron products, lumber, coal, and textiles. It is the country's largest producer of steel pipe and cast iron. It also has the 2nd largest inland waterway system in the U.S.
