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Redland

Learn about the people, housing, costs and businesses in Redland, Alabama

Median Home$320,373
Median Rent$1,009/month
Population5,167
Leading IndustriesRetail · Public Administration16% retail
Home Value Growth+8.0% over 2 years
Young Adults24% of residents
Homeowners93% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
NotableHigh Incomes$125k/year · top 8% nationally
Redland
AL

Frequently Asked Questions

What are today's mortgage rates in Redland?

As of today, the 30-year fixed mortgage rate for Redland is approximately 6.935% (6.973% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Redland?

The median home value in Redland is $320k. The median monthly rent is $1,009. Annual property taxes average $826. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redland?

Home values in Redland have increased 8.0% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Redland?

Based on a typical all-in ownership cost of $1,552/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redland is $125k/year.

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What industries drive the economy in Redland?

The largest employment sectors in Redland are public administration (26%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.