Red Bank, TN—37415
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 $325,000, with a year-over-year change of -0.5%. This indicates that home prices in Red Bank, TN are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $325,000 | -0.5% |
| Single Family | $326,000 | -0.9% |
| Condos | $279,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $256,000 | -0.8% |
3 Bed | $342,000 | 0.0% |
4 Bed | $441,000 | 0.9% |
| 5 Bed | $740,000 | 2.5% |
% of Housing Stock
Rental Trends — Red Bank, TN
As of July '25, Rentcast reports the average rent in Red Bank, TN is $1,500, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Red Bank, TN is studios: $900, 1-bedrooms: $1,050, 2-bedrooms: $1,330, 3-bedrooms: $1,980, 4-bedrooms: $2,650. The most common rental property sizes in Red Bank, TN are 2-bedroom and 1-bedroom, accounting for 49.4% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,500 |
| Studio Rent | $900 | $900 |
| 1 Bed Rent | $985 | $1,050 |
| 2 Bed Rent | $1,250 | $1,330 |
| 3 Bed Rent | $1,950 | $1,980 |
| 4 Bed Rent | $2,500 | $2,650 |
% 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 55. This is a increase of 2.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $394,000 | 5.0% |
Listing Count | 125 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 55 | 2.0% |
Demographics — Red Bank, TN
As of the latest ACS Survey released in 2023, Red Bank, TN has a population of 23,100, which has decreased by -3.5% over the past 5 years. Red Bank, TN is a moderately popular place for families, as children make up 17.4% of the population. The area has a moderately educated workforce, with 45.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,100 | -3.5% |
% Under 18 | 17.4% | -1.7% |
% Seniors | 16.3% | -11.9% |
% WFH | 11.9% | 128.8% |
% w/ College Degree | 45.0% | 38.5% |
As of the latest ACS Survey released in 2023, Red Bank, TN is a predominantly white area, with 83.0% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Red Bank, TN is black, making up 9.1% of the population. Foreign-born residents account for 2.8% of the population in Red Bank, TN, and this percentage has decreased by 28.2% 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 | 83.0% | -2.4% |
% Black | 9.1% | 15.2% |
% Hispanic | 3.5% | 40.0% |
% Asian | 0.9% | -57.1% |
% Foreign Born | 2.8% | -28.2% |
Mortgage and Risk — Red Bank, TN
According to HUD data as of 2023, there were 483 mortgage originations in Red Bank, TN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Red Bank, TN. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 483 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
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 5.9%. 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 and 2-bedroom and 3-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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 263 |
Total Units Section 8 | 255 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 75.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $435 | $985 | $1,420 |
| 2 Bedroom | $330 | $1,250 | $1,580 |
| 3 Bedroom | $40 | $1,950 | $1,990 |
| 4 Bedroom | -$350 | $2,500 | $2,150 |
Affordability — Red Bank, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $325,000 |
| Median Household Income | $67,000 |