The housing in 37415 Chattanooga, TN is a great investment opportunity. According to the data given, the median value of houses in this area is $276,800 which is below the US median value of $338,100. This means that buyers can purchase a house at a more affordable price compared to other markets. In addition, the 1 year appreciation rate for homes in this area is 17.27% which is significantly higher than the 8.27% national average. This indicates that investing in real estate here could be highly lucrative.
The median home cost in Chattanooga (zip 37415) is $276,800. Home appreciation the last 10 years has been 118.1%. Home Appreciation in Chattanooga (zip 37415) is up 20.0%.
Average Age of Homes
- The median age of Chattanooga (zip 37415) real estate is 46 years old
The Rental Market in Chattanooga (zip 37415)
- Renters make up 40.6% of the Chattanooga (zip 37415) population
- 2.5% of houses and apartments in Chattanooga (zip 37415), 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.