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Redstone Arsenal

Learn about the people, housing, costs and businesses in Redstone Arsenal, Alabama

Median Rent$1,654/month
Population1,116
Leading IndustriesFinance & Insurance · Information & Media · Healthcare8% finance & insurance
Home Value Growth+8.9% over 2 years
Young Adults30% of residentsabove average nationally
Renters97% of occupied units
NotableVeteran Community21% of residents · top 1% nationally
NotableHigh Incomes$142k/year · top 5% nationally
Redstone Arsenal
AL

Frequently Asked Questions

What are today's mortgage rates in Redstone Arsenal?

As of today, the 30-year fixed mortgage rate for Redstone Arsenal is approximately 6.998% (7.041% 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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Are home values rising in Redstone Arsenal?

Home values in Redstone Arsenal have increased 8.9% 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 Redstone Arsenal?

Based on a typical all-in ownership cost of $1,677/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $72k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redstone Arsenal is $142k/year.

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What industries drive the economy in Redstone Arsenal?

The largest employment sectors in Redstone Arsenal are public administration (17%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.