Red Bank, TN—37405
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Red Bank, TN
Home Price Trends — Red Bank, TN
As of Oct '25, the median home price in Red Bank, TN is $442,000, with a year-over-year change of -0.1%. This indicates that home prices in Red Bank, TN are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $442,000 | -0.1% |
| Single Family | $474,000 | -0.2% |
| Condos | $304,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $225,000 | -4.3% |
2 Bed | $345,000 | -1.4% |
3 Bed | $503,000 | 1.0% |
4 Bed | $754,000 | 1.3% |
| 5 Bed | $1,140,000 | 3.1% |
% of Housing Stock
Rental Trends — Red Bank, TN
As of July '25, Rentcast reports the average rent in Red Bank, TN is $1,950, with a year-over-year rent change of -11.0%. Per bedroom, the median rent as of July '25 in Red Bank, TN is studios: $1,300, 1-bedrooms: $1,280, 2-bedrooms: $1,880, 3-bedrooms: $2,430, 4-bedrooms: $2,910. The most common rental property sizes in Red Bank, TN are 2-bedroom and 1-bedroom, accounting for 57.2% and 21.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,950 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $1,250 | $1,280 |
| 2 Bed Rent | $1,800 | $1,880 |
| 3 Bed Rent | $2,400 | $2,430 |
| 4 Bed Rent | $2,850 | $2,910 |
% of Rental Stock
Property Listings — Red Bank, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Red Bank, TN is 70. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $497,000 | 6.0% |
Listing Count | 174 | 8.0% |
| Listings as % of Homes | 1.0% | 8.0% |
Days on Market | 70 | 25.0% |
Demographics — Red Bank, TN
As of the latest ACS Survey released in 2023, Red Bank, TN has a population of 18,500, which has increased by 14.7% over the past 5 years. Red Bank, TN is a moderately popular place for families, as children make up 18.0% of the population. The area has a highly educated workforce, with 52.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,500 | 14.7% |
% Under 18 | 18.0% | 6.5% |
% Seniors | 13.8% | -17.4% |
% WFH | 14.9% | 144.3% |
% w/ College Degree | 52.8% | 4.8% |
As of the latest ACS Survey released in 2023, Red Bank, TN is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Red Bank, TN is black, making up 4.1% of the population. Foreign-born residents account for 3.8% of the population in Red Bank, TN, and this percentage has decreased by 20.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.5% | -5.6% |
% Black | 4.1% | -28.1% |
% Hispanic | 2.6% | 18.2% |
% Asian | 3.0% | 7.1% |
% Foreign Born | 3.8% | -20.8% |
Mortgage and Risk — Red Bank, TN
According to HUD data as of 2023, there were 331 mortgage originations in Red Bank, TN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Red Bank, TN. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 331 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 5.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Red Bank, TN
As of 2024, the percent of homes in Red Bank, TN under the Section 8 program is 3.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Red Bank, TN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 150 |
Total Units Section 8 | 149 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 79.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,250 | $1,520 |
| 2 Bedroom | -$110 | $1,800 | $1,690 |
| 3 Bedroom | -$270 | $2,400 | $2,130 |
| 4 Bedroom | -$550 | $2,850 | $2,300 |
Affordability — Red Bank, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $442,000 |
| Median Household Income | $77,800 |