Everything You Should Know Before Moving to Red Banks, MS
Thinking about moving to Red Banks, MS? This quiet rural town has a population of just 215, offering affordable living with median home prices at $117,000 and average rents of $850. Residents enjoy mild winters, warm summers, and over 60% sunny days annually. Commute times average 32 minutes, and while educational attainment is modest, local schools serve the community and nearby larger colleges are accessible. With a low cost of living, small-town charm, and proximity to Memphis amenities, Red Banks is ideal for those seeking peace and affordability.
Demographics - Red Banks, MS
Demographics - Red Banks, MS
Red Banks is a small, close-knit rural community of just 215 residents with a balanced gender ratio and a median age of 43. The city is fairly diverse, with about half the population identifying as White and nearly 46% as Black, and most residents speak English at home.
Population:
215
Density:
62 per sq mi
Median Age:
43.2
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
2.2%
Ethnic Composition
White:
51.6%
Black:
46.0%
Asian:
0.0%
Others:
2.4%
Cost Of Living
What is the average cost of living in Red Banks, MS?
Living in Red Banks is highly affordable, with a median home value of $117,000 and average rents around $850, making it attractive for budget-conscious families. Utilities and everyday expenses are below the national average, and Mississippi’s relatively low state tax rates help residents stretch their dollars further.
Median House Value:
$117,000
Gross Rent:
$850
Monthly Electricity Charges:
$125
Auto Insurance:
$1,350
House Owner Cost With Mortgage:
$995
House Owner Cost Without Mortgage:
$340
State Taxes:
Low:
3.0%
|
High:
5.0%
Cost Of Living Index:
81.2
Grocery:
92.5
Housing:
66.0
Utilities:
94.6
Transportation:
82.3
Health Care:
90.5
Miscellaneous:
86.0
Crime
Is Red Banks, MS a safe place to live?
Red Banks experiences a relatively low rate of violent crime, with a 1 in 341 chance, though property crime is more common at a 1 in 47 chance. Overall, the community maintains a peaceful atmosphere typical of small towns, but residents should remain mindful of property safety.
Violent Crimes Per 100k:
293
Property Crimes Per 100k:
2,110
Crime Index:
2,403
Chance Of Violent Crime:
1 in 341
Chance Of Property Crime:
1 in 47
Weather
What is the weather like in Red Banks, MS year-round?
Residents of Red Banks enjoy mild winters averaging 32°F to 51°F, warm summers reaching up to 91°F, and about 63% sunny days each year. The area receives ample rainfall at nearly 55 inches annually, supporting lush rural landscapes.
Winter
Min:
32°F
Max:
51°F
Spring
Min:
50°F
Max:
74°F
Summer
Min:
69°F
Max:
91°F
Fall
Min:
50°F
Max:
75°F
Average Rainfall Inches:
54.8 inches
Sunny Days Percentage:
63%
Neighbors
The median household income in Red Banks is $46,200, with a poverty rate of 17.2% and an average commute of just over 32 minutes. Most neighbors are high school graduates and a small percentage have college degrees, contributing to a friendly, hard-working community.
Median Income:
$37,100
Household Income:
$46,200
Family Income:
$54,500
Per Capita Income:
$21,900
Income Male:
$31,400
Income Female:
$25,200
Poverty Rate:
17.2%
Non English Speakers:
2.2%
Rent:
$850
Unemployment Rate:
5.8%
Public Transport Usage:
0.4%
Commute Time:
32.1 minutes
Education
High School or Higher:
84.5%
Bachelors or More:
18.1%
Education
How are the schools in Red Banks, MS?
Red Banks is served by local public schools with small class sizes and supportive environments, while private school options and higher education—such as Northwest Mississippi Community College and the University of Mississippi—are within convenient driving distance.
Public Schools
Name:
Byhalia High School
Street:
278 Hwy 309 North
Phone:
662-838-2206
Students:
520
Student Teacher Ratio:
14.7
Name:
H.W. Byers Elementary School
Street:
4178 Hwy 72
Phone:
662-838-2871
Students:
470
Student Teacher Ratio:
15.3
Private Schools
Name:
Sacred Heart School
Street:
5150 Tchulahoma Rd, Southaven
Phone:
662-349-0900
Students:
290
Colleges
Name:
Northwest Mississippi Community College
City:
Senatobia
State:
MS
Distance:
36 miles
Students:
7,100
Name:
University of Mississippi (Ole Miss)
City:
Oxford
State:
MS
Distance:
44 miles
Students:
22,300
Healthcare
Access to healthcare is convenient, with major hospitals like Baptist Memorial Hospital and Methodist Olive Branch Hospital nearby. About 89% of residents have health insurance, and the city offers a reasonable number of physicians per capita for a town its size.
Major Hospitals
Name:
Baptist Memorial Hospital - Collierville
Address:
1500 W Poplar Ave, Collierville, TN 38017
Phone:
(901) 861-5700
Type:
General & Surgical
Emergency Services:
Yes
Name:
Methodist Olive Branch Hospital
Address:
4250 Bethel Rd, Olive Branch, MS 38654
Phone:
(662) 932-9000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.8
Health Insurance Coverage:
88.7%
Health Care Index:
65.2
Housing Market
What is the housing market like in Red Banks, MS?
The housing market in Red Banks is stable and affordable, with a median home price of $117,000 and a high owner-occupancy rate of over 82%. Home values have seen moderate appreciation, making it an attractive option for first-time buyers or those seeking long-term value.
Median Home Price:
$117,000
Average Rent For 2 Bedroom:
$850
Owner Occupied Rate:
82.6%
Rental Vacancy Rate:
7.1%
Home Appreciation Rate (1yr):
4.3%
New Construction Rate:
0.7%
Foreclosure Rate:
0.6%
DMV Information
Residents of Red Banks can handle driver licensing and registration through the Mississippi Department of Public Safety, with resources available online or at the main Jackson office. State services are accessible and streamlined for new arrivals and long-time residents alike.
State:
Mississippi
Department:
Mississippi Department of Public Safety - Driver Service Bureau
Address:
1900 East Woodrow Wilson Drive, Jackson, MS 39216
Phone:
601-987-1224
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.