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Chattanooga city, TN

ZIP 37405 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37405

Median Home Value
$416,900
Median Rent
$1,142
Affordability Snapshot
$115,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,678/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

30.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 37405 in Chattanooga city, TN, a household would need roughly $115,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,678. That is about 48% above the local median household income ($77,850), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
48.7%-26% vs US avg
x
Vacancy Rate
13.2%+28% vs US avg
x
Broadband Access
93.2%+7% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
5.3%-58% vs US avg
x
Built Post-2014
2.3%-67% vs US avg
x
Rent Burden >30%
17.3%-65% vs US avg
x
Mortgage-Free
38.8%+1% vs US avg
x
$416,900
Home Value
$1,142
Rent
1980
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached47.1%
  • 1-unit attached5.8%
  • 2-9 units19.1%
  • 10+ units24.5%
  • Mobile home & other3.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$416,900
Median rent$1,142
Owner-occupied48.7%
Vacant13.2%
Price-to-income5.4x
Est. income to buy$115,000