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Red Bank

Learn about the people, housing, costs and businesses in Red Bank, New Jersey

Median Home$496,325
Median Rent$2,034/month
Population12,862
Leading IndustriesHealthcare · Professional Services · Arts, Food & Hospitality23% healthcare
Home Value Growth⬆⬆+18.9% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners50% of occupied units
NotableAmenity Score92/100 · highly walkable area
NotableTransit88/100 · excellent transit access
Red Bank
NJ

Frequently Asked Questions

What are today's mortgage rates in Red Bank?

As of today, the 30-year fixed mortgage rate for Red Bank is approximately 6.840% (6.874% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Red Bank?

The median home value in Red Bank is $496k. The median monthly rent is $2,034. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Red Bank?

Home values in Red Bank have increased 18.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Red Bank?

Based on a typical all-in ownership cost of $2,110/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $90k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Red Bank is $98k/year.

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What industries drive the economy in Red Bank?

The largest employment sectors in Red Bank are healthcare (23%) and public administration (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.