38661
Red Banks, Mississippi.
Red Banks, Marshall County, MS · Memphis, TN-MS-AR metro · population 2,126
to buy the typical home at today's mortgage rate — +$633 (+109%) since Jan 2020.
- 1 year
- Up $3,450 +2%
- $227,224$230,674 since Sep 2025
- 5 years
- Up $38,227 +20%
- $192,447$230,674 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 38661$1,211
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 19 years.
Typical home values in zip 38661 rose 1.5% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Red Banks, MS — measured over the city limits, which is a different area from this zip.
Typical home value — 38661
Mid-tier homes, smoothed and seasonally adjusted.
- 38661$230,674
- Memphis$242,102
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 6.8 | 38611 | Byhalia | 16,537 | — | $274,657 |
| 9.6 | 38635 | Holly Springs | 15,503 | — | $169,598 |
| 12.6 | 38642 | Lamar | 2,126 | — | $183,159 |
| 12.8 | 38066 | Rossville | 3,446 | — | $522,373 |
| 13.4 | 38017 | Collierville | 56,826 | $1,886 | $504,970 |
| 15.3 | 38654 | Olive Branch | 57,898 | $1,832 | $333,948 |
| 15.7 | 38057 | Moscow | 3,563 | — | $282,679 |
| 16.0 | 38125 | Memphis | 43,071 | $1,516 | $275,797 |
| 17.1 | 38076 | Williston | 954 | — | $355,663 |
| 17.5 | 38139 | Germantown | 16,466 | — | $585,243 |
| 18.9 | 38141 | Memphis | 23,952 | $1,570 | $188,113 |
| 19.1 | 38138 | Germantown | 25,167 | $2,259 | $429,441 |
| 19.9 | 38647 | Michigan City | 994 | — | $156,514 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.