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Expensive
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These days, finding an affordable place to live in the Downtown Chattanooga area can be challenging. Home prices in Downtown Chattanooga are now at a median cost of $689,573, higher than the Chattanooga average of $290,216.
The average cost of rent is $1,138/mo in Downtown Chattanooga, primarily driven by the current value of real estate in the Downtown Chattanooga area. In Downtown Chattanooga, 87.70% of households rent, and 36.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Chattanooga is $4,769 per month. Households that rent pay about 23.86% of their income on rent here. Downtown Chattanooga’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Martin Luther King, Chattanooga, TN: less expensive homes
- Northside Community, Chattanooga, TN: less expensive homes
- Highland Park, Chattanooga, TN: less expensive homes
- Lookout Valley, Chattanooga, TN: less expensive homes
- Cannon Heights, Dalton, GA: less expensive homes
- Hampton Cove, Owens Cross Roads, AL: less expensive homes
- Downtown Huntsville, Huntsville, AL: equally priced homes
- Oakley, Asheville, NC: less expensive homes
- Woodside Cotton Mill Historic District, Parker, SC: less expensive homes
- West End, Greenville, SC: equally priced homes
Neighborhoods with Similar Populations
- Downtown Michigan City, Michigan City, IN: less expensive homes
- Esther Short, Vancouver, WA: less expensive homes
- Raintree, Kissimmee, FL: less expensive homes
- Embassy Hills, Jasmine Estates, FL: less expensive homes
- Rising Sun-Lebanon, Magnolia, DE: less expensive homes
- Edgemar-Pacific Manor, Pacifica, CA: higher priced homes
- Duval-Eagle Eyes Crime Watch, Gainesville, FL: less expensive homes
- River Point, West Warwick, RI: less expensive homes
- Downtown Wyandotte, Wyandotte, MI: less expensive homes
- Downtown, Superior, WI: less expensive homes
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