Chattanooga, TN is an area where housing values are on the rise. The median value of homes in Chattanooga is $273,300 which is lower than the US median house value of $338,100. However, the 1 year appreciation of homes in Chattanooga is 16.80%, which is higher than the US average of 8.27%. This shows that home values in Chattanooga have been increasing at a rapid rate recently. With housing values still relatively low compared to national averages and steady growth over the past year, Chattanooga provides an attractive option for potential home buyers.
The median home cost in Chattanooga is $273,300. Home appreciation the last 10 years has been 115.5%. Home Appreciation in Chattanooga is up 20.4%.
Average Age of Homes
- The median age of Chattanooga real estate is 45 years old
The Rental Market in Chattanooga
- Renters make up 40.5% of the Chattanooga population
- 2.5% of houses and apartments in Chattanooga, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.