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Chattanooga city, TN

ZIP 37409 — 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 37409

Median Home Value
$245,900
Median Rent
$969
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,580/mo PITI).

15%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.1 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 37409 in Chattanooga city, TN, a household would need roughly $68,000 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 $1,580. That is roughly in line with the local median household income ($75,076). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
57.6%-12% vs US avg
x
Vacancy Rate
10.9%+6% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
16.4%+28% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
23.1%-54% vs US avg
x
Mortgage-Free
34.9%-9% vs US avg
x
$245,900
Home Value
$969
Rent
1938
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached79.1%
  • 1-unit attached2.4%
  • 2-9 units15.9%
  • 10+ units2.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$245,900
Median rent$969
Owner-occupied57.6%
Vacant10.9%
Price-to-income3.3x
Est. income to buy$68,000