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Red Bank Regional

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

Median Home$607,929
Median Rent$2,319/month
Population23,210
Leading IndustriesHealthcare · Professional Services · Arts, Food & Hospitality22% healthcare
Home Value Growth⬆⬆+19.5% over 2 years
Retirees23% of residentsabove average nationally
Homeowners66% of occupied units
NotableHighly Educated31% bachelor's · 20% graduate · top 3% nationally
NotableHigh Incomes$127k/year · top 15% nationally
Red Bank Regional
NJ

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Red Bank Regional?

As of today, the 30-year fixed mortgage rate for Red Bank Regional is approximately 6.830% (6.864% 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 Regional?

The median home value in Red Bank Regional is $608k. The median monthly rent is $2,319. 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 Regional?

Home values in Red Bank Regional have increased 19.5% 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 Regional?

Based on a typical all-in ownership cost of $2,459/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $105k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Red Bank Regional is $127k/year.

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What industries drive the economy in Red Bank Regional?

The largest employment sectors in Red Bank Regional are healthcare (22%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.