Home Values

Red Banks Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Red Banks is $159,900.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Red Banks is 5.3%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Red Banks homeowners underwater on their mortgage is 13.6%, which is lower than Memphis Metro at 24.1%.

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Relative ZHVI
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Red Banks Market Overview

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Red Banks Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 13.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

8.9 homes Memphis Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Germantown $280,200
Hickory Withe $273,000
Collierville $267,000
Name Median ZHVI
Arlington $203,900
Oakland $149,200
Moscow $127,300

Listings & Sales

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Red Banks Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,034 Red Banks
    $1,063 Memphis Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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