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Chattanooga city, TN

ZIP 37406 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37406

Median Home Value
$150,300
Median Rent
$764
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$965/mo PITI).

21%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

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

16.4 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 37406 in Chattanooga city, TN, a household would need roughly $41,000 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 $965. That is roughly in line with the local median household income ($42,993). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
47.2%-28% vs US avg
x
Vacancy Rate
11.5%+12% vs US avg
x
Broadband Access
77.2%-11% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
9.5%-26% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
25.3%-49% vs US avg
x
Mortgage-Free
51.4%+35% vs US avg
x
$150,300
Home Value
$764
Rent
1966
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached73.1%
  • 1-unit attached1.8%
  • 2-9 units19.1%
  • 10+ units5.0%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$150,300
Median rent$764
Owner-occupied47.2%
Vacant11.5%
Price-to-income3.5x
Est. income to buy$41,000