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Chattanooga city, TN

ZIP 37407 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37407

Median Home Value
$84,600
Median Rent
$687
Affordability Snapshot
$23,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$543/mo PITI).

24%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

10.3 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 37407 in Chattanooga city, TN, a household would need roughly $23,000 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 $543. That sits below the local median household income ($33,785), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
40.2%-39% vs US avg
x
Vacancy Rate
14.2%+38% vs US avg
x
Broadband Access
80.7%-7% vs US avg
x
4+ Bedrooms
0.4%-97% vs US avg
x
Built Pre-1939
18.8%+47% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
24.3%-51% vs US avg
x
Mortgage-Free
58.4%+53% vs US avg
x
$84,600
Home Value
$687
Rent
1949
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached75.4%
  • 1-unit attached1.4%
  • 2-9 units16.9%
  • 10+ units4.2%
  • Mobile home & other2.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$84,600
Median rent$687
Owner-occupied40.2%
Vacant14.2%
Price-to-income2.5x
Est. income to buy$23,000