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These days, finding an affordable place to live in the Chattanooga area can be challenging. Home prices in Chattanooga are now at a median cost of $163,256, lower than the Oklahoma average of $210,566.
The average cost of rent is $793/mo in Chattanooga, primarily driven by the current value of real estate in the Chattanooga area. In Chattanooga, 19.68% of households rent, and 55.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chattanooga is $6,048 per month. Households that rent pay about 13.10% of their income on rent here. Chattanooga’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Faxon, OK: higher priced homes
- Loveland, OK: less expensive homes
- Hollister, OK: less expensive homes
- Geronimo, OK: less expensive homes
- Manitou, OK: less expensive homes
- Frederick, OK: less expensive homes
- Walters, OK: less expensive homes
- Tipton, OK: less expensive homes
- Corum, OK: less expensive homes
- Hess, OK: less expensive homes
Cities with Similar Populations
- Center Rutland, VT: higher priced homes
- Tull, AR: less expensive homes
- Clairfield, TN: less expensive homes
- Cisco, GA: equally priced homes
- White Hall, WV: higher priced homes
- Churdan, IA: less expensive homes
- Chokio, MN: less expensive homes
- Chillicothe, TX: less expensive homes
- Paw Paw Lake, MI: higher priced homes
- Chapin, NY: higher priced homes
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