Red Bank, TN Foreclosures
How much do homes sell for in Red Bank, TN?
The average home price is currently $402,666.
In Red Bank, TN, how many homes are available?
There are currently 1 active home listings available in Red Bank.
What’s the average rental cost in Red Bank, TN?
The average rental price in Red Bank is $1,160.
What is the most expensive home in Red Bank?
The most expensive home sold in Red Bank had a price of $46,146,252.
What is currently the cheapest priced home in Red Bank, TN?
The cheapest home for sale in Red Bank is priced at $29,474.
Living in Red Bank, TN
Red Bank, TN, is a welcoming suburb of Chattanooga known for its strong sense of community and convenient access to urban amenities. The area is rich in recreational opportunities, with parks and the Tennessee River nearby. Residents enjoy a mix of tranquility and vibrant local culture, making it an appealing destination for families and individuals alike.
Current Market Conditions in Red Bank, TN
The Red Bank real estate market is currently experiencing steady growth, with home prices showing a modest increase over the past few months. The demand for homes in this family-friendly suburb remains strong due to its close proximity to Chattanooga, excellent schools, and attractive neighborhoods.
As more families and young professionals are drawn to the area, new developments are on the rise, including single-family homes and townhouses, catering to the diverse needs of current and potential residents.
Home Value Estimator For Red Bank, TN
There are currently 773 real estate properties
in Red Bank, TN,
with a median automated valuation model (AVM) price
of $282,332.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Red Bank, TN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Red Bank, TN,
is $402,666.00, with the most expensive house
in Red Bank, TN, topping out
at $46,146,252.00 and the cheapest home
in Red Bank, TN,
clocking in at $29,474.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Red Bank, TN!
Rent Prices
In Red Bank, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Red Bank, TN, is on
a rollercoaster ride. The
average rent price in Red Bank, TN,
is $1,160.00. Indeed, when looking to rent in
Red Bank, TN, you can expect to pay as little
as $650.00 or as much
as $2,420.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Red Bank, TN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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