Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$318,922−0.3% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$69,136About 0.9× the local median income ($74,553): affordable for a typical household
Days on market68 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.2%Zillow expects prices to rise slightly
The typical home in Chattanooga, TN-GA is worth $318,922, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $298,680, so the area is 6.8% overvalued. It is a buyer's market: homes take about 68 days to sell, listings are up 19% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 1.2% over the next year. A household needs about $69,136 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,553. Typical rent is $1,509 a month, or $1,872 for a house. In the latest IRS figures, 4,143 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$318,922
Change in 1 year
−0.3%
Overvalued %
+6.8%
Show 7 more
Fair home value
$298,680
Change in 5 years
+22.6%
Zillow forecast, next 12 months
+1.2%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$1,728
Income needed to afford it
$69,136
Property tax rate
0.63%
Rent and investing
Typical rent
$1,509
Typical rent for houses
$1,872
Price-to-rent ratio
17.6×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,340
Gross rental yield
5.68%
Cap rate (estimate)
3.69%
Market activity
Listings vs a year ago
+18.6%
Days on market
68
Listings with a price cut
25.8%
Show 3 more
Homes for sale
3,171
Pending sales per 100 listings
27
Asking price per sq ft
$208
People and jobs
Median household income
$74,553
Population change (1 year)
+0.8%
Unemployment rate
4.4%
Show 4 more
Population
594,530
Income adjusted for cost of living
$81,479
Net moves in (IRS)
+4,143
Cost of living (US = 100)
91.5
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
82.4
Unhealthy air days a year
2
Show 4 more
Flood risk score
82.9
Wildfire risk score
63.9
Walkability (1 to 20)
7.0
Road, rail and air noise
54 dB
Questions people ask
Is Chattanooga, TN-GA overvalued?
Home prices in Chattanooga, TN-GA are slightly above what local incomes have historically supported: fair value is about $298,680, so the area is 6.8% overvalued.
Is Chattanooga, TN-GA a buyer's or seller's market?
Chattanooga, TN-GA is a buyer's market: homes take about 68 days to sell, listings are up 19% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Chattanooga, TN-GA?
Home values in Chattanooga, TN-GA are down 0.3% over the last year. Zillow's forecast for the next 12 months is +1.2%.
How much do you need to earn to buy a home in Chattanooga, TN-GA?
A household needs about $69,136 a year to afford the typical home in Chattanooga, TN-GA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,553.