Redstone Arsenal, AL—35808
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Redstone Arsenal, AL
Redstone Arsenal, AL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Redstone Arsenal, AL
Redstone Arsenal, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Redstone Arsenal, AL
Redstone Arsenal, AL lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Redstone Arsenal, AL
As of the latest ACS Survey released in 2023, Redstone Arsenal, AL has a population of 1,120, which has decreased by -22.8% over the past 5 years. Redstone Arsenal, AL is a moderately popular place for families, as children make up 19.8% of the population. The area has a highly educated workforce, with 51.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,120 | -22.8% |
% Under 18 | 19.8% | -5.3% |
% Seniors | 7.8% | 254.5% |
% WFH | 13.0% | -69.0% |
% w/ College Degree | 51.2% | 12.5% |
As of the latest ACS Survey released in 2023, Redstone Arsenal, AL is a predominantly white area, with 64.9% of the population identifying as white. The white population has grown by 7.5% in the last 5 years. The second most common race or ethnicity in Redstone Arsenal, AL is hispanic, making up 15.6% of the population. Foreign-born residents account for 5.6% of the population in Redstone Arsenal, AL, and this percentage has increased by 133.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.9% | 7.5% |
% Black | 10.8% | -63.5% |
% Hispanic | 15.6% | 300.0% |
% Asian | 2.3% | -20.7% |
% Foreign Born | 5.6% | 133.3% |
Mortgage and Risk — Redstone Arsenal, AL
According to HUD data as of 2023, there were 1 mortgage originations in Redstone Arsenal, AL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 87.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Redstone Arsenal, AL. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Redstone Arsenal, AL
Redstone Arsenal, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,610 |
| 2 Bedroom | N/A | N/A | $1,870 |
| 3 Bedroom | N/A | N/A | $2,410 |
| 4 Bedroom | N/A | N/A | $2,940 |
Affordability — Redstone Arsenal, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $121,000 |