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 Type | 1.20% |
| One Bedroom | 17.40% |
| Two Bedrooms | 42.70% |
| Three Bedrooms | 28.60% |
| Four Bedrooms | 9.10% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $79,500 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $410 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8% |
| Home Equity Loan | 4% |
| Simple Mortgage | 38.80% |
| Debt Free | 49.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
