Real Estate Investing in Red Bank, Tennessee (37405)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37405 (Red Bank, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.0% of homes vacant — above national norms.
What’s happening in Red Bank, TN (37405)?
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Market Analysis: 37405 Red Bank
Investors eyeing 37405 need to respect the fundamentals at play. Home values of $457K come alongside slower price movement and elevated management overhead.
The investment case in 37405 is substantial only for operators who understand what they are buying. A $457K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Red Bank have seen price recovery that 37405 has not matched. Hamilton County data supports the view that the spread is structural rather than temporary.
Resident income in 37405 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 37405 is an operator game, not a passive one. Meanwhile, entry prices of $457K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Red Bank:
Property Strategy for 37405
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $225,164 | $1,560 | 5.0% | +5.5% | $225,164 |
| 2BR | $344,512 | $1,720 | 3.6% | +8.2% | $172,256 |
| 3BR | $503,128 | $2,150 | 3.1% | +8.5% | $167,709 |
| 4BR | $754,014 | $2,290 | 2.2% | +9.0% | $188,504 |
| 5BR | $1,139,957 | — | — | +9.2% | $227,991 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37405 Compare?
| Metric | 37405 | Red Bank | Chattanooga, TN-GA | Tennessee |
|---|---|---|---|---|
| Home Value | $457,195 | $395,121 | N/A | $327,001 |
| 5-Year CAGR | 5.3% | 5.1% | N/A | 7.7% |
| Avg Rent | $1,556 | $1,473 | N/A | - |
| Cap Rate | 2.7% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37405 (Red Bank, TN). Anonymous, moderated, never written by AI.
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Property managers serving Hamilton County
Manage rentals here? List your business →Greyhaven Realty Management Co. offers property management, brokerage, rehab, construction, leasing, and maintenance services in Chattanooga for single-family and multi-family properties. summary from their website
Doorby Property Management offers property management services in Chattanooga. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $457,195 |
| Monthly Rent | $1,556 |
| Price-to-Rent | 24.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37405
Population: 18,535
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 37405
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,870 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are eviction rules reasonable in Red Bank, TN?
For rental operators, Red Bank, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong is the working-renter base in Red Bank, TN?
Tenant demand in Red Bank, TN is solid. The local workforce $1,556/mo rents across most rental classes.
What is the typical home price in Red Bank, TN?
In Red Bank, TN the median home value sits at $457K. Against the broader TN market, that reads as reasonable for most investors.
Can owner-occupants cash flow in Red Bank, TN?
Red Bank, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $457K price point reasonable to enter.
How much do tenants pay in Red Bank, TN?
Expect rents around $1,556/mo per month in Red Bank, TN. With home values at $457K, the yield math works out to reasonable levels for rental investors.
You know 37405 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37405 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37405 ranks in Chattanooga, TN-GA
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