Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Red Bank area can be challenging. Home prices in Red Bank are now at a median cost of $276,539, lower than the Tennessee average of $315,131.
The average cost of rent is $1,327/mo in Red Bank, primarily driven by the current value of real estate in the Red Bank area. In Red Bank, 44.02% of households rent, and 39.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Bank is $5,469 per month. Households that rent pay about 24.26% of their income on rent here. Red Bank’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Walden, TN: higher priced homes
- Signal Mountain, TN: higher priced homes
- Hixson, TN: equally priced homes
- Falling Water, TN: higher priced homes
- Chattanooga, TN: equally priced homes
- Ridgeside, TN: higher priced homes
- Timberlinks, TN: higher priced homes
- Fairmount, TN: higher priced homes
- Middle Valley, TN: higher priced homes
- Sulphur Springs, TN: less expensive homes
Cities with Similar Populations
- Buckley, WA: higher priced homes
- Charlestown, IN: equally priced homes
- Channahon, IL: higher priced homes
- Cayce, SC: less expensive homes
- Canton, IL: less expensive homes
- California City, CA: equally priced homes
- Byram, MS: less expensive homes
- Burnsville, NC: less expensive homes
- Burley, ID: equally priced homes
- Bucyrus, OH: less expensive homes
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