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 $1,124,372, higher than the Birmingham average of $276,622.

The average cost of rent is $1,403/mo in Redmont Park, primarily driven by the current value of real estate in the Redmont Park area. In Redmont Park, 24.88% of households rent, and 58.09% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Redmont Park is $14,619 per month. Households that rent pay about 9.60% of their income on rent here. Redmont Park’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.

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


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