The housing in Chattanooga, TN (37351) is significantly lower in median value than the national average, at $167,900 compared to $338,100. However, it does have a much higher appreciation rate over the past year, with an 8.27% average for the US versus 13.88% for this area of Tennessee. This suggests that although the price of housing may be lower in Chattanooga than elsewhere in the country, there is still great potential for growth and appreciation.
The median home cost in Chattanooga (zip 37351) is $167,900. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Chattanooga (zip 37351) is up 22.8%.
Average Age of Homes
- The median age of Chattanooga (zip 37351) real estate is 71 years old
The Rental Market in Chattanooga (zip 37351)
- Renters make up 45.6% of the Chattanooga (zip 37351) population
- 26.5% of houses and apartments in Chattanooga (zip 37351), 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.