Red Bay, AL Housing


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United States / Alabama / No Metro Area / Franklin County / Red Bay / Zip Codes
Red Bay, AL is a small city located in the state of Alabama. It has a population of about 2,000 people and a thriving local economy. The housing market in Red Bay is both strong and affordable compared to the national average. The median housing value in Red Bay is $134,100, which is much lower than the US house median value of $338,100. Additionally, the one year house appreciation rate in Red Bay is much higher than that of the nation at 14.92% compared to 8.27%. This means that real estate investments have been doing well in the area and prices are steadily rising. With its ideal location, affordability, and strong appreciation rate, Red Bay has become an attractive prospect for those looking for a new home or a good investment opportunity.

The median home cost in Red Bay is $134,100. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Red Bay is up 18.1%.

Average Age of Homes
- The median age of Red Bay real estate is 40 years old
The Rental Market in Red Bay
- Renters make up 30.5% of the Red Bay population
- 1.9% of houses and apartments in Red Bay, are available to rent

DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingRed Bay, AlabamaUnited States
  1,707.0139,647,020.0
  4742
  $134,100$338,100
  18.1%16.6%
  51.1%57.0%
  61.6%101.1%
  $3.50$10.98
  $199$2,690
  53.7%57.4%
  18.7%11.2%
  27.6%31.4%
  Vacant Housing
  1.9%1.9%
  0.0%0.4%
  0.0%0.7%
  0.0%0.4%
  0.0%3.6%
  16.8%4.1%
  Value of Owner-Occupied Housing
  5.1%2.6%
  5.7%2.4%
  19.4%2.8%
  27.6%3.9%
  9.5%4.5%
  17.0%11.3%
  10.7%13.0%
  4.4%20.1%
  0.0%13.6%
  0.7%8.3%
  0.0%9.7%
  0.0%3.9%
  0.0%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  2.3%13.6%
  2.3%13.6%
  17.3%13.6%
  15.1%13.2%
  19.2%14.8%
  17.3%13.6%
  13.9%10.0%
  11.2%4.7%
  6.2%12.2%
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