Zip 37408 (Chattanooga, TN) Housing

The housing market in 37408 Chattanooga, TN is booming compared to the national average. The median value of homes in 37408 Chattanooga, TN is $403,700, which is significantly higher than the US median value of $338,100. What's more impressive is that the one year appreciation rate of homes in 37408 Chattanooga, TN has been 17.27% compared to 8.27% for the US as a whole. This indicates a strong and active real estate market in this area of Tennessee.

The median home cost in Chattanooga (zip 37408) is $403,700. Home appreciation the last 10 years has been 118.1%. Home Appreciation in Chattanooga (zip 37408) is up 20.0%.

Average Age of Homes

- The median age of Chattanooga (zip 37408) real estate is 25 years old

The Rental Market in Chattanooga (zip 37408)

- Renters make up 59.6% of the Chattanooga (zip 37408) population
- 7.3% of houses and apartments in Chattanooga (zip 37408), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Chattanooga, Tennessee	United States
	1,334.0	139,647,020.0
	15	42
	$403,700	$338,100
	20.0%	16.6%
	76.0%	57.0%
	118.1%	101.1%
	$8.00	$10.98
	$2,733	$2,690
	26.1%	57.4%
	21.0%	11.2%
	52.9%	31.4%
Vacant Housing
	7.3%	1.9%
	6.1%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	3.3%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	1.4%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	17.0%	11.3%
	1.4%	13.0%
	18.4%	20.1%
	28.2%	13.6%
	16.1%	8.3%
	11.8%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	2.6%	0.8%
	3.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.6%	13.6%
	20.6%	13.6%
	14.9%	13.6%
	1.6%	13.2%
	1.5%	14.8%
	14.9%	13.6%
	5.5%	10.0%
	1.6%	4.7%
	11.0%	12.2%

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