HomeAlabamaFranklin CountyRed Bay city
Red Bay city, Alabama: commercial real estate data.
Red Bay city is a Census city of 3,201 people across 9.75 square miles of land, in Franklin County. Median household income is $37,473, 58.3 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $350,000.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Red Bay
What Red Bay is
- Census place typecity
- Land area9.75 sq mi
- Water area0.09 sq mi
- Population per square mile of land328
- County holding the largest share of its areaFranklin County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Red Bay
How many people live in Red Bay
- Population3,201
- Median age46.8
- Population under 18577 plus or minus 149
- Share under 1818.0 percent plus or minus 4.6
- Population 65 and over637 plus or minus 188
- Share 65 and over19.9 percent plus or minus 5.9
- Households1,457
- Family households846
- Share of households that are families58.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Red Bay
Income and work in Red Bay
- Median household income$37,473 plus or minus $14,051
- Per capita income$29,327
- Civilian labor force1,447
- Employed1,406
- Unemployed41 plus or minus 34
- Unemployment rate2.8 percent plus or minus 2.3
- Adults 25 and over2,410
- Adults 25 and over with a high school diploma or higher85.0 percent
- Adults 25 and over with a bachelor degree or higher21.2 percent plus or minus 7.4
- Adults 25 and over with a graduate degree7.1 percent plus or minus 3.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Red Bay
Housing in Red Bay
- Housing units1,688
- Occupied units1,457
- Vacant units231 plus or minus 115
- Vacancy rate13.7 percent plus or minus 6.7
- Owner occupied850 plus or minus 177
- Renter occupied607 plus or minus 147
- Ownership rate58.3 percent
- Median owner-occupied home value$108,200
- Median gross rent, monthly$542
- Annual rent as a share of median income17.4 percent plus or minus 7.4
- Single family units1,252
- Share single family74.2 percent
- Units in buildings of two or more392 plus or minus 167
- Share in buildings of two or more23.2 percent plus or minus 9.6
- Mobile homes44 plus or minus 41
- Median year structure built1972
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Red Bay
How Red Bay gets to work
- Workers 16 and over who commute1,370
- Commuting under 15 minutes670 plus or minus 211
- Share commuting under 15 minutes48.9 percent plus or minus 13.8
- Commuting 30 minutes or more455 plus or minus 191
- Share commuting 30 minutes or more33.2 percent plus or minus 13.2
- Drove alone81.5 percent
- Carpooled11.2 percent plus or minus 7.5
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home1.5 percent plus or minus 1.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Red Bay
SBA loans in Red Bay (7(a))
- Approvals1
- Gross approval$350,000
- Average approval$350,000
- Median approval$350,000
- Ninetieth percentile approval$350,000
- Largest approval$350,000
- Jobs supported5
- Jobs per approval5.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term179 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin County, not Red Bay
Franklin County context, not Red Bay figures
These are Franklin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Red Bay measurements.
- Establishments in Franklin County539
- Employment at those establishments, Franklin County11,039
- Covered employment, Franklin County10,956
- Average annual pay, Franklin County$48,266
- Average weekly wage, Franklin County$928
- Housing units permitted, Franklin County13
- Of those, single family, Franklin County13
- County product, 2024, Franklin County$1,336,719,000
- County product change over the prior year, Franklin County7.5 percent
- Average income of an arriving household, Franklin County$41,815
Every figure in this section is published for Franklin County as a whole and is not a measurement of Red Bay. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Red Bay questions, answered from the record.
How many people live in Red Bay, Alabama?
3,201, in 1,457 households. Red Bay city covers 9.75 square miles of land, which is 328 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Red Bay in?
Franklin County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Red Bay?
$37,473. The median owner-occupied home is valued at $108,200. Median gross rent is $542 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Red Bay businesses?
1 7(a) approvals totalling $350,000, across 1 lenders, median approval $350,000. These count approvals to borrowers whose address is in Red Bay, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Red Bay borrowers get paid back?
No rate is published for Red Bay. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Red Bay figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Franklin County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Red Bay.
Is zoning published for Red Bay?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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