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Affordable
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These days, finding an affordable place to live in the Red Bay area can be challenging. Home prices in Red Bay are now at a median cost of $110,596, lower than the Alabama average of $228,911.
The average cost of rent is $585/mo in Red Bay, primarily driven by the current value of real estate in the Red Bay area. In Red Bay, 36.81% of households rent, and 55.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Bay is $3,843 per month. Households that rent pay about 15.22% of their income on rent here. Red Bay’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Vina, AL: equally priced homes
- Old Burleson, AL: less expensive homes
- Belmont, MS: higher priced homes
- Golden, MS: higher priced homes
- Moores Mill, MS: equally priced homes
- Piney Bend, AL: higher priced homes
- Ellistown, MS: higher priced homes
- Bloody Springs, MS: higher priced homes
- Pleasant Site, AL: higher priced homes
- Dennis, MS: higher priced homes
Cities with Similar Populations
- Olney, TX: higher priced homes
- McKean, PA: higher priced homes
- Dolores, CO: higher priced homes
- Broken Bow, NE: higher priced homes
- San Augustine, TX: less expensive homes
- Ostrander, OH: higher priced homes
- Le Roy, IL: higher priced homes
- Hurt, VA: higher priced homes
- Harlan, KY: equally priced homes
- Woodbine, GA: higher priced homes
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