Home Price Key
Affordable
Average
Expensive
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 $100,166, lower than the Florida average of $278,762.
The average cost of rent is $722/mo in Redbay, primarily driven by the current value of real estate in the Redbay area. While nearly 67.35% of residents own their homes outright in Redbay, 6.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Redbay is $4,291 per month. Households that rent pay about 16.83% 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.
Nearby Cities
- Douglass Crossroads, FL: equally priced homes
- Ponce de Leon, FL: higher priced homes
- Point Washington, FL: higher priced homes
- Hinsons Crossroads, FL: higher priced homes
- Red Head, FL: higher priced homes
- Freeport, FL: higher priced homes
- Portland, FL: higher priced homes
- Vernon, FL: higher priced homes
- Ebro, FL: higher priced homes
- Wausau, FL: higher priced homes
Cities with Similar Populations
- North Jay, ME: higher priced homes
- Nelsonville, KY: higher priced homes
- Neptune, TN: higher priced homes
- New Athens, OH: equally priced homes
- New Buffalo, OH: higher priced homes
- New California, OH: higher priced homes
- New Cambria, MO: equally priced homes
- New Gretna, NJ: higher priced homes
- Newtonia, MO: equally priced homes
- Ninemile, MT: higher priced homes
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