Red Bay, AL Real Estate
According to census data in the year 2000 there were 1,588 housing units in Red Bay.
This represents a 9.4% growth from 1,452 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,588 were located in what is classified as a rural area.
Homeownership rate in Red Bay is about 69%.
Red Bay's vacancy rate, including seasonal lodging, is about 10.3%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Red Bay were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 9.40% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 48.10% |
| Four Bedrooms | 9.80% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $61,100 |
| Median Price asked for vacant units | $74,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $209 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 0.60% |
| Simple Mortgage | 47.60% |
| Debt Free | 45.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
