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Red Bank

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

Median Home$268,244
Median Rent$1,257/month
Population12,098
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation10% arts, food & hospitality
Home Value Growth⬆⬆+14.7% over 2 years
Young Adults40% of residentstop 3% nationally
Homeowners56% of occupied units
NotableHighly Educated27% bachelor's · 15% graduate · top 14% nationally
NotableAmenity Score68/100 · highly walkable area
Red Bank
TN

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 6.941% (6.979% 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 $268k. The median monthly rent is $1,257. Annual property taxes average $2k. 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 14.7% 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 $1,118/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Red Bank is $65k/year.

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What industries drive the economy in Red Bank?

The largest employment sectors in Red Bank are public administration (25%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.