Median home value in zip code 38661 (Red Banks, MS) is $222,382, up 2.2% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$222,382

YoY Change

+2.2%

Prices rising — worse for buyers.

Affordability

Enter your income for 38661 (Red Banks).

Income (annual)

Down Payment

$44,476 on $222,382

Example: $75,000 household income. Change it above to see your own.

Affordable25% of income

Under the 28% guideline.

PITI$1,565

P/I25%

Afford$249K

Room+$26K

P&I $1,124Tax $208Ins $233

6.50% 30yr, 20% down, county tax + MS ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

38661 is part of the Memphis, TN-MS-AR metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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