Median home value: $247K (+1.7% YoY). Part of Memphis, TN-MS-AR.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Memphis, TN-MS-AR metro page.
Home Value$246,612
+1.7%
AFFORDABILITY6.00% 30yr, 20% down, county tax + MS ins. 28% per HUD.
Enter your income for Red Banks.
$49,322 on $246,612
Affordable — 25.3% of income
Under the 28% guideline.
PITI$1,583
P/I25.3%
Afford$273K
Room+$26K
P&I $1,183Tax $166Ins $233
Home Buying Kit For Dummies (2025)Financing, negotiation, closing