Red Bank, Tennessee

Red Bank, Tennessee Details

Apartments average $515 for a studio in this Tennessee area to $1,247 for a 4 bedroom unit, while the national average range is $712 for a studio to $1,601 for a four bedroom. One bedroom apartments in the Chattanooga enclave go for around $616 a month and two bedroom apartments average $767 per month. Perhaps the best deal in apartments is the three bedroom average of $1,019 a month, which is over $300 cheaper than the national average.

Real estate is pleasantly priced with an average of $126,700 home price. Investing now in a new home in the area will be beneficial, as prices are expected to appreciate by 3.7% in the future. This is especially attractive, when taking projected job growth for the area into account. Currently, there’s a job growth rate of 1.93% for this Chattanooga enclave, but that’s expected to grow by 38.95% over the next ten years.

Red Bank income levels are a little lower than the national average with a median salary of $37,678, but it also costs less to operate a household in the area.

The 10 Best Things To Do

Nestled in the heart of Chattanooga, there’s no shortage of activities near this enclave. Keeping the family entertained is easy with low-priced and free events in and around the area.

1. Lake Winnepesaukah Amusement Park – Just a short ride to Rossville, Georgia, “Lake Winnie” can provide an entire day of fun for families, couples, and groups of friends. A $5.00 gate pass and a $20.00 unlimited ride pass is all it takes to seek out the thrills of the Cannon Ball Roller Coaster or the Bowler Roller, while mini-golf and ring toss games provide less wild experiences.

2. Southern Belle Riverboat Cruise – Back in Chattanooga, a slower ride aboard the Southern Belle provides guests with a tour of the Tennessee River. Lunch and dinner cruises provide an opportunity to enjoy the view of Chattanooga from another perspective. The riverboat has three decks, giving passengers an opportunity to get a bird’s eye view of the river and its banks.

3. Chickamauga & Chattanooga National Military Park – Commissioned on August 19, 1890, this was the country’s first national military park. The park features cannons and statues of fallen soldiers from both sides of the war, as well as a historical museum set right on the grounds.

4. Creative Discovery Museum – Designed to provide an educational experience for young children, this is a great stop for families. The Little Yellow Playhouse is one of the museum’s biggest attractions with a musical bridge and an elaborate child-friendly kitchen. The kids can also uncover dinosaur bones in a sandbox or play a variety of musical instruments from cultures all over the world.

5. Chattanooga Choo Choo – Made famous by the Glenn Miller song, this wood-burning engine is on display at the Market Street terminal, surrounded by restaurants, shops, and a hotel. Visitors can ride for free by boarding downtown CARTA tram, which makes a stop near the terminal entrance.

6. Ruby Falls – Chattanooga offers another stunning experience for sightseers with the highest underground waterfall in the world. Found 1120 feet beneath Lookout Mountain, an elevator takes guests down to the cavern floor, where a tour guide begins an exploration of this natural wonder.

7. Rock City – For the hikers, Rock City takes visitors on a 4100-foot trail, where they can view sandstone formations and a giant 90-foot waterfall. For those seeking a thrill, the 180-foot suspension bridge overlooks Chattanooga Valley and seven states can be viewed from Lover’s Leap.

8. Tennessee Riverpark – The perfect place to spend a day enjoying the outdoors. The park offers trails for hikers and joggers, while also providing a playground for children. The park also boasts five piers and covered picnic areas.

9. Chattanooga Incline Railway – Offering the steepest incline in the world, visitors can take a tram to the top, where an observation deck, snack bar, and gift shop await.

10. Tennessee Aquarium – Not far from Red Bank neighborhoods, this freshwater aquarium has over 9,000 sea creatures on display and presents a full display of the area’s ecosystem in an educational tour.

In addition to the many attractions and the low cost of living, this Chattanooga enclave offers a rustic setting in a revitalized downtown. Growth is expected to continue through the next decade, making the entire Chattanooga area an even more desirable place to settle and raise a family. If you’re ready to take advantage of low housing costs and the rich history of this southeastern town, contact our office today.

Red Bank Property Management

Our property management team specializes in residential areas throughout Red Bank, TN. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.

Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Red Bank area property management services.