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Chattanooga city, TN

ZIP 37421 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37421

Median Home Value
$299,600
Median Rent
$1,169
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,925/mo PITI).

18%
Rent-to-Income Ratio

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

3.7x
Home Price-to-Income Ratio

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

21.4 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 37421 in Chattanooga city, TN, a household would need roughly $82,000 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 $1,925. That is roughly in line with the local median household income ($79,958). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.6%-7% vs US avg
x
Vacancy Rate
7.4%-28% vs US avg
x
Broadband Access
93.1%+7% vs US avg
x
4+ Bedrooms
7.4%-50% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
2.2%-68% vs US avg
x
Rent Burden >30%
18.7%-62% vs US avg
x
Mortgage-Free
36.6%-4% vs US avg
x
$299,600
Home Value
$1,169
Rent
1990
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached59.4%
  • 1-unit attached7.0%
  • 2-9 units11.7%
  • 10+ units20.4%
  • Mobile home & other1.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$299,600
Median rent$1,169
Owner-occupied60.6%
Vacant7.4%
Price-to-income3.7x
Est. income to buy$82,000