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ZIP Code · TN

ZIP 37405

Part of Red Bank, TN
Pop. 18,109·Hamilton County·92nd most expensive ZIP in Tennessee
Median rent (all units)
$1,536/mo
Year-over-Year
-1.9%
Month-over-Month
-1.8%
vs US Median
-$429
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 37405 · $1,536
More affordable than 71% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,500
1 BR
$1,560
2 BR
$1,720
3 BR
$2,150
4 BR+
$2,290
Research median
$1,720/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,432/yr
At $1,536/mo median
Location
StateTN
CountyHamilton County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.9% YoY, -1.8% MoM), not inventory.
Demographics

Who lives here

ZIP 37405 (Red Bank, TN) is roughly split between renters and owners, 53.3% of residents hold a bachelor's degree or higher.

Population
18,109
Median income
$81,337
Median age
36.7
Renters
51.3%
Age distribution
17.4%
29.5%
27.1%
14%
Under 1817.4%
18–3429.5%
35–5427.1%
55–6412%
65+14%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
80.8%
White80.8%
Black4.1%
Hispanic4.6%
Asian2.9%
Other7.6%
Education (25+)
17.8%
21.4%
53.3%
No HS diploma7.4%
HS diploma17.8%
Some college21.4%
Bachelor's+53.3%
Housing tenure
48.7%
51.3%
Owner48.7%
Renter51.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 37405 in Red Bank, TN has changed in 5 years

Rent
$1,261 → $1,536
up 21.8%
Income
$65,394 → $81,337
up 24.4%
Population
18,788 → 18,109
down 3.6%
Renter share
52.3% → 51.3%
-1.0 pts
Bachelor's+
49.1% → 53.3%
+4.2 pts
Median age
35.1 → 36.7
+1.6 yrs

Five years ago, renters in ZIP 37405 in Red Bank, TN paid around $1,261 a month. That figure now sits near $1,536, up 21.8% from the 2021 baseline. Median household income climbed from $65,394 to $81,337 between 2021 and 2024, a 24.4% shift. Census counts show ZIP 37405 in Red Bank, TN losing about 679 residents over the five-year window, down 3.6% on net. Bachelor's-degree-or-higher attainment moved from 49.1% to 53.3% across the same window. Taken together, the five-year picture in ZIP 37405 in Red Bank, TN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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Local insights

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About renting in ZIP 37405

Last updated: July 20, 2026

ZIP code 37405 covers Red Bank, TN. The median rent here is $1,536/mo as of July 2026. A 1-bedroom rents for a median of $1,560/mo. A 2-bedroom rents for a median of $1,720/mo.

At 23% of local median household income ($81,337/yr), ZIP 37405 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37405?

As of July 20, 2026, the median monthly rent in ZIP 37405 (Red Bank, TN) is $1,536. This is based on aggregated data from public sources and community submissions.

How does ZIP 37405 rent compare to the US average?

ZIP 37405's median rent of $1,536/mo is $429 (22%) below the US national median of $1,965/mo.

How does ZIP 37405 compare to other ZIPs in Tennessee?

ZIP 37405 falls in the middle range for Tennessee, ranking #92 out of 145 ZIPs at $1,536/mo.

How much income do you need to rent in ZIP 37405?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,536/mo in ZIP 37405. The local median household income is $81,337/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 37405?

Rent in ZIP 37405 has decreased 1.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 37405 an affordable place to rent?

ZIP 37405 is considered very affordable for renters. At $1,536/mo, rent takes approximately 23% of the local median household income ($81,337/yr). The standard benchmark is 30%. ZIP 37405 falls comfortably within that range.

What percentage of ZIP 37405 residents rent vs. own?

According to Census data, approximately 51.3% of ZIP 37405 households are renters, while 48.7% are owner-occupied. With a majority renter population, ZIP 37405 has a strong rental market.

How does ZIP 37405 compare to the rest of Red Bank?

ZIP 37405 is pricier than Red Bank as a whole. At $1,536/mo, it's $162 above the Red Bank citywide median of $1,374/mo.

When was rent data for ZIP 37405 last updated?

Rent data for ZIP 37405 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,536/mo, rent takes ~23% of ZIP 37405's median household income ($81,337/yr). The standard benchmark is 30%.

ZIP 37405 23%Benchmark 30%
State income taxNone
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Public schools near ZIP 37405 (Red Bank, TN)

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