Forest Park / Redmont Park median real estate price is $380,531, which is more expensive than 98.9% of the neighborhoods in Alabama and 84.8% of the neighborhoods in the U.S.
The average rental price in Forest Park / Redmont Park is currently $631, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.3% of the neighborhoods in Alabama.
Forest Park / Redmont Park is a suburban neighborhood (based on population density) located in Birmingham, Alabama.
Forest Park / Redmont Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Forest Park / Redmont Park neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Forest Park / Redmont Park has a 16.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.6% of American neighborhoods). This could either signal that there is weak demand for real estate in the neighborhood, or that much of the housing stock is seasonally occupied, which can occur in some markets dominated by colleges or vacation homes. Either way, if you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.