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Affordable
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These days, finding an affordable place to live in the Redstone Arsenal area can be challenging. Home prices in Redstone Arsenal are now at a median cost of $299,200, higher than the Alabama average of $228,911.
The average cost of rent is $1,734/mo in Redstone Arsenal, primarily driven by the current value of real estate in the Redstone Arsenal area. In Redstone Arsenal, 98.06% of households rent, and 36.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redstone Arsenal is $11,349 per month. Households that rent pay about 15.27% of their income on rent here. Redstone Arsenal’s most expensive areas are in the northern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Huntsville, AL: equally priced homes
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Cities with Similar Populations
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