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Red Bank, TN Real Estate


According to census data in the year 2000 there were 6,557 housing units in Red Bank. This represents a 4.7% growth from 6,262 in 1990.

Of those housing units, 6,557 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Red Bank is about 55.8%. Red Bank's vacancy rate, including seasonal lodging, is about 9%. Average household size is 2.1 people.

The majority of houses, apartments or condos in Red Bank were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom17.40%
Two Bedrooms42.70%
Three Bedrooms28.60%
Four Bedrooms9.10%
Five Bedrooms or more1%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.3
Median year structure was built1956
Median Value of occupied units$79,500
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size1.84
Median year structure was built1971
Median Monthly Rent asked for vacant units$410

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8%
Home Equity Loan4%
Simple Mortgage38.80%
Debt Free49.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.3%