The median home value in Red Bay, AL is $107,500. This is lower than the county median home value of $119,100. The national median home value is $308,980. The average price of homes sold in Red Bay, AL is $107,500. Approximately 57% of Red Bay homes are owned, compared to 35% rented, while 8% are vacant. Red Bay real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Red Bay real estate agent to arrange a tour today! Learn more about Red Bay Real Estate.