Real Estate Investing in Red Bank, Tennessee (37415)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37415 (Red Bank, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
What’s happening in Red Bank, TN (37415)?
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Market Analysis: 37415 Red Bank
Investors eyeing 37415 need to respect the fundamentals at play. Home values of $333K come alongside slower price movement and elevated management overhead.
The investment case in 37415 is sturdy only for operators who understand what they are buying. A $333K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader TN picture, 37415 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A notable renter share of 38% in 37415 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 37415 is an operator game, not a passive one. From an investor standpoint, entry prices of $333K 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 37415
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $256,297 | $1,580 | 4.4% | +8.7% | $128,148 |
| 3BR | $341,774 | $1,970 | 4.2% | +8.6% | $113,925 |
| 4BR | $441,473 | $2,110 | 3.4% | +8.5% | $110,368 |
| 5BR | $739,927 | — | — | +9.5% | $147,985 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37415 Compare?
| Metric | 37415 | Red Bank | Chattanooga, TN-GA | Tennessee |
|---|---|---|---|---|
| Home Value | $333,047 | $395,121 | N/A | $327,001 |
| 5-Year CAGR | 4.8% | 5.1% | N/A | 7.7% |
| Avg Rent | $1,391 | $1,473 | N/A | - |
| Cap Rate | 3.3% | 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 37415 (Red Bank, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 37415 (Red Bank, TN)?
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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 | $333,047 |
| Monthly Rent | $1,391 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 37415
Population: 23,132
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 37415
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
How quickly do rentals get leased in Red Bank, TN?
Red Bank, TN carries elevated vacancy risk. Expect measured absorption at market rents of $1,391/mo.
How strong is tenant demand in Red Bank, TN?
Red Bank, TN draws a steady base of working renters. Demand at the $1,391/mo rent level is reasonable for standard single-family and small multi rentals.
What are rental rates like in Red Bank, TN?
Rental rates in Red Bank, TN average $1,391/mo. Tenant demand and $333K home values make the yield look reasonable by investor standards.
How do landlord-tenant laws work in Red Bank, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Red Bank generally follows the statewide framework, so landlords face reasonable operating rules.
What are home prices like in Red Bank, TN?
Median home price in Red Bank, TN is near $333K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
You know 37415 now. You don’t know where it ranks.
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How 37415 ranks in Chattanooga, TN-GA
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