The Most Affordable Neighborhoods in Redbay, FL by Home Value

These days, finding an affordable place to live in the Redbay area can be challenging. Home prices in Redbay are now at a median cost of $160,729, lower than the Florida average of $396,783.

The average cost of rent is $1,061/mo in Redbay, primarily driven by the current value of real estate in the Redbay area. In Redbay, 17.99% of households rent, and 53.97% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Redbay is $5,550 per month. Households that rent pay about 19.11% of their income on rent here. Redbay’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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