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These days, finding an affordable place to live in the Red Bank area can be challenging. Home prices in Red Bank are now at a median cost of $110,805, lower than the Alabama average of $228,911.
The average cost of rent is $670/mo in Red Bank, primarily driven by the current value of real estate in the Red Bank area. In Red Bank, 18.08% of households rent, and 64.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Bank is $4,469 per month. Households that rent pay about 14.99% of their income on rent here. Red Bank’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lock Three, AL: higher priced homes
- Thorntontown, AL: higher priced homes
- Rocky Hill, AL: higher priced homes
- North Courtland, AL: less expensive homes
- Rogersville, AL: higher priced homes
- Oliver, AL: higher priced homes
- Nitrate City, AL: higher priced homes
- Courtland, AL: equally priced homes
- Leighton, AL: higher priced homes
- Town Creek, AL: higher priced homes
Cities with Similar Populations
- Meadow Lakes, CA: higher priced homes
- Roseland, NE: higher priced homes
- Rosebud, MT: higher priced homes
- Rose City, TX: equally priced homes
- Roosevelt, AZ: higher priced homes
- Rockdale, TN: higher priced homes
- Rexville, WA: higher priced homes
- Reka, GA: higher priced homes
- Monmouth, CA: higher priced homes
- Minnesota Junction, WI: higher priced homes
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