Market Overview
Home Prices in Red Bank, TN
The median home value in Red Bank, TN is $316,196 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.1% compared to a year ago and down 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Red Bank are priced23% below average. Red Bank is part of the Chattanooga, TN-GA metro area.
Over the past five years, Red Bank home values have risen by approximately23.9%, reflecting strong long-term appreciation in this market.
Price History
Red Bank Home Price Trend
City Comparison
Red Bank vs. National Median
At $316,196, homes in Red Bank cost 23% below the national median of $410,000. This makes Red Bank a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Red Bank?
20% Down Payment
$63,239
on $316,196
Monthly P&I
$1,649/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,094/mo
incl. taxes & insurance
Income Needed
$83,760
gross annual (30% rule)
10% Down Option
$31,620
+ PMI applies
Loan Amount (20% dn)
$252,957
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Red Bank, TN?
The median home value in Red Bank is $316,196 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.1% year-over-year.
How much have home prices changed in Red Bank?
Over the past year, home values in Red Bank have decreased by 2.1%. Over five years, prices have risen approximately 23.9%.
How much do I need to earn to buy a home in Red Bank?
To comfortably afford the median home price of $316,196 with a 20% down payment ($63,239) at today's rates (6.8%), you'd need a gross annual income of approximately $83,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Red Bank compare to the national average home price?
The national median home value is approximately $410,000. At $316,196, homes in Red Bank are 23% below the national average.
What metro area is Red Bank part of?
Red Bank is part of the Chattanooga, TN-GA metropolitan area. Home prices and market conditions can vary across the broader metro region.