2026 Mid Year Market Review

2026 MID YEAR MARKET REVIEW

Please find attached our Mid-Year 2026 Huntsville Multifamily Market Overview. 

 In short, while still challenging and rents remain depressed, the market has turned the corner with:

• overall occupancy increasing
• supply deliveries at a 5-year low (and deliveries will remain low for 2027)
• some limited increases in rental rates at some properties
• although concessions remain persistent and high

Spring/Summer absorption has been strong with a return to more normal (healthy) absorption at many individual properties, although residents remain very rent sensitive.   And the overall market absorption trend appears to be improving each month, in response to a healthy economy.  

 We believe it’s probable that the Huntsville multifamily market will return to balance in early-2027 with the vast majority of the lease-up properties achieving 90%+ occupancy in late-2026 or early-2027.