MonitorBankRates
☰
New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Red Bay, AL Housing Affordability Index

Red Bay, Alabama has an MBR Housing Affordability Index score of 141.4 (Highly Affordable) as of October 30, 2026, ranking 318th most affordable of 446 scored Alabama cities, compared with 134.1 statewide and 97.4 nationally. On a median-priced $108,200 home with 20% down, the Alabama average 30-year fixed rate of 7.19% means a monthly principal and interest payment of about $587, or 19% of the city’s $37,473 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Red Bay is updated every night from live Alabama mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Red Bay MBR-HAI 141.4 Highly Affordable
Rank in Alabama 318 of 446 1 = most affordable
Alabama 134.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.19% Alabama lenders
Median home value $108,200 U.S. Census Bureau

Red Bay is 7.3 points above the Alabama score. Scores as of October 30, 2026. See the Alabama index

View Red Bay Mortgage Rates

What It Takes to Buy in Red Bay

$587/mo
Principal & Interest
Median home, 20% down, 7.19%
$25,200
Income Needed
To keep the payment at 28% of income
$37,473
Median Household Income
Alabama: $63,999
2.9x
Price-to-Income Ratio
Alabama: 3.3x
$655/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$918/yr
Median Property Tax
Alabama figure
37.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
22.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Red Bay, Alabama. The rate is the Alabama average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Red Bay Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Red Bay, Alabama score: 141.4 (Highly Affordable), ranked 318 of 446 Alabama cities. monitorbankrates.com/housing-affordability-index/alabama/red-bay”