The Most Affordable Neighborhoods in Redmont Park, Birmingham, AL by Home Value

 

Redmont Park, Birmingham, AL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Redmont Park area can be challenging. Home prices in Redmont Park are now at a median cost of $938,959, higher than the Birmingham average of $216,642.

The average cost of rent is $1,683/mo in Redmont Park, primarily driven by the current value of real estate in the Redmont Park area. While nearly 57.61% of residents own their homes outright in Redmont Park, 22.49% rent.

Housing affordability isn’t just about home prices, though. The average household income in Redmont Park is $11,962 per month. Households that rent pay about 14.07% of their income on rent here. Redmont Park's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the neighborhood.


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