The housing market in Chattanooga, TN (37402) is flourishing! The median value of homes in this area is $451,700, which is significantly higher than the US national median house value of $338,100. Additionally, in the last year alone the appreciation rate for homes in Chattanooga was 17.27%, a full 9% higher than the national average of 8.27%. This shows that there is strong demand for housing in this area and residents can expect to see their investments increase over time.
The median home cost in Chattanooga (zip 37402) is $451,700. Home appreciation the last 10 years has been 118.1%. Home Appreciation in Chattanooga (zip 37402) is up 20.0%.
Average Age of Homes
- The median age of Chattanooga (zip 37402) real estate is 55 years old
The Rental Market in Chattanooga (zip 37402)
- Renters make up 80.9% of the Chattanooga (zip 37402) population
- 2.7% of houses and apartments in Chattanooga (zip 37402), 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.