Home Price Key
Affordable
Average
Expensive
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 $200,812, lower than the Tennessee average of $218,916.
The average cost of rent is $959/mo in Chattanooga, primarily driven by the current value of real estate in the Chattanooga area. While nearly 42.25% of residents own their homes outright in Chattanooga, 31.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chattanooga is $5,583 per month. Households that rent pay about 17.17% of their income on rent here. Chattanooga's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Ridgeside, TN: higher priced homes
- East Ridge, TN: less expensive homes
- Lakeview, GA: less expensive homes
- Red Bank, TN: equally priced homes
- Fort Oglethorpe, GA: less expensive homes
- Rossville, GA: less expensive homes
- Graysville, GA: equally priced homes
- Lookout Mountain, TN: higher priced homes
- Hixson, TN: equally priced homes
- Fairview, GA: less expensive homes
Cities with Similar Populations
- St. Louis, MO: higher priced homes
- Staten Island, NY: higher priced homes
- St. Charles, MO: higher priced homes
- Stamford, CT: higher priced homes
- St. George, UT: higher priced homes
- St. Peters, MO: equally priced homes
- Spring Hill, FL: equally priced homes
- St. Petersburg, FL: higher priced homes
- Springfield, OR: higher priced homes
- Spring, TX: higher priced homes
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