Real Estate Prices and Overview
Forest Park / Redmont Park median real estate prices are $371,855, which is more expensive than 98.9% of the neighborhoods
in Alabama and 85.2% of the
neighborhoods in the U.S.
Average rental prices in Forest Park / Redmont Park are currently
$706, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.3%
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.
Notable & Unique Neighborhood Characteristics
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Birmingham,
the Forest Park / Redmont Park neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Forest Park / Redmont Park neighborhood has more
English and Scottish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 22.9% of
this neighborhood's residents have English ancestry and 4.7% have Scottish ancestry.
Forest Park / Redmont Park is also pretty special linguistically. Significantly, 2.6% of its residents five years old and above primarily
speak French at home. While this may seem like a small percentage, it is higher
than 97.2% of the neighborhoods in America.
Notable & Unique: People
If knowledge is power, then imagine the cumulative power of one neighborhood
where many of the adults have earned an advanced degree, such as a Masters,
law degree, medical degree, or even a Ph.D. This is certainly the case in
the Forest Park / Redmont Park neighborhood, where 45.5% have
earned an advanced degree. Compare that to the average neighborhood in
America, where just 8.4% of adults have completed a post-graduate degree,
and you can see why this neighborhood is a stand out. In fact, this neighborhood
has a higher rate of adults with an advanced degree than 99.2%
of the neighborhoods in America.
In addition, Forest Park / Redmont Park has the amazing distinction of housing more same
sex couples living together than 98.9% of neighborhoods
in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's
analysis shows that this is one place that you should consider.
Also, a majority of the adults in the Forest Park / Redmont Park neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Alabama by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 98.7%
of the neighborhoods in Alabama.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates and college students.
Notable & Unique: Occupations
Executives, managers and professionals make up 69.7% of the workforce
in the Forest Park / Redmont Park neighborhood which, according to
NeighborhoodScout's exclusive analysis, is a higher proportion of such
high-level people than is found in 98.1% of the neighborhoods
in America. For this reason, this neighborhood really stands out as unique.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Forest Park / Redmont Park neighborhood in Birmingham are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 75.2% of the neighborhoods in America.
With 19.3% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 57.2%
of U.S. neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the Forest Park / Redmont Park neighborhood, 69.7%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 15.9% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(12.0%), and 2.4% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the Forest Park / Redmont Park neighborhood in Birmingham, AL, residents
most commonly identify their ethnicity or ancestry as English
(22.9%). There are also a number of people of Irish ancestry (14.2%) , and residents who report German roots (7.4%) , and some of the residents are also of Scottish ancestry (4.7%) , along with some Italian ancestry residents (3.3%), among others.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the Forest Park / Redmont Park
neighborhood is English, spoken by 93.7% of households. Other important languages spoken here include French and Spanish.
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in Forest Park / Redmont Park neighborhood spend
under 15 minutes commuting one-way to work (52.3% of working
residents), one of the shortest commutes across America.
Here most residents (90.9%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (5.2%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.