Red Bay, AL housing market
The typical Red Bay home is worth about $159,000, down 1.1% in a year, 34% below the Alabama typical home.
Home values, sales, trends and how Red Bay compares with the towns next door — updated as new data is published.
Red Bay at a glance
Typical home value, 2016–2026
Show as a table
| January | Red Bay | Alabama |
|---|---|---|
| 2017 | $95,000 | $147,000 |
| 2018 | $96,000 | $152,000 |
| 2019 | $106,000 | $158,000 |
| 2020 | $113,000 | $170,000 |
| 2021 | $123,000 | $188,000 |
| 2022 | $144,000 | $215,000 |
| 2023 | $156,000 | $228,000 |
| 2024 | $165,000 | $233,000 |
| 2025 | $170,000 | $238,000 |
| 2026 | $155,000 | $239,000 |
| August 2026 | $159,000 | $242,000 |
No new homes permitted in 2025
No permits for new homes were issued in Red Bay in 2025. The last year with any was 2024 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Red Bay gained 74 residents while 17 new homes were permitted: about 4.4 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Alabama: 1.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 1 | 1 | 0 | $288,000 |
| 2023 | 1 | 1 | 0 | $325,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 3 | 3 | 0 | $714,000 |
| 2019 | 1 | 1 | 0 | $85,000 |
| 2018 | 3 | 3 | 0 | $307,000 |
| 2017 | 1 | 1 | 0 | $75,000 |
| 2016 | 2 | 2 | 0 | $370,000 |
| 2015 | 4 | 4 | 0 | $430,000 |
| 2014 | 1 | 1 | 0 | $200,000 |
| 2013 | 2 | 2 | 0 | $250,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 3 | 3 | 0 | $700,000 |
| 2009 | 3 | 3 | 0 | $400,000 |
| 2008 | 3 | 3 | 0 | $450,000 |
| 2007 | 4 | 4 | 0 | $650,000 |
| 2006 | 6 | 6 | 0 | $954,000 |
| 2005 | 4 | 4 | 0 | $594,000 |
| 2004 | 4 | 4 | 0 | $524,000 |
| 2003 | 2 | 2 | 0 | $260,000 |
| 2002 | 11 | 11 | 0 | $1.3 million |
| 2001 | 3 | 3 | 0 | $352,000 |
| 2000 | 1 | 1 | 0 | $109,000 |
How Red Bay ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.2 years of income
The typical Red Bay home costs about 4.2 years of the town's median household income, more than across Alabama (3.8 years).
How Red Bay ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $880
HUD's Fair Market Rent for a two-bedroom in Red Bay is $880 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Red Bay pay a median of $542, so moving in tends to cost more than staying put. A two-bedroom takes about 28% of the town's median household income.
Studio $610 · 4 bedrooms $1,280
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (35582; Florence-Muscle Shoals, AL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Red Bay
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.