US5.com
  1. Home
  2. States
  3. Tennessee
  4. ZIP 37408
  5. Housing & Real Estate
Chattanooga city, TN

ZIP 37408 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37408

Median Home Value
$460,000
Median Rent
$1,284
Affordability Snapshot
$127,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,955/mo PITI).

17%
Rent-to-Income Ratio

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

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

29.9 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 37408 in Chattanooga city, TN, a household would need roughly $127,000 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 $2,955. That is about 40% above the local median household income ($91,000), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
32.9%-50% vs US avg
x
Vacancy Rate
20.5%+99% vs US avg
x
Broadband Access
84.5%-3% vs US avg
x
4+ Bedrooms
0.4%-98% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
5.3%-22% vs US avg
x
Rent Burden >30%
18.7%-62% vs US avg
x
Mortgage-Free
30.1%-21% vs US avg
x
$460,000
Home Value
$1,284
Rent
2009
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

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

  • 1-unit detached22.0%
  • 1-unit attached12.8%
  • 2-9 units8.2%
  • 10+ units55.0%
  • Mobile home & other2.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$460,000
Median rent$1,284
Owner-occupied32.9%
Vacant20.5%
Price-to-income5.1x
Est. income to buy$127,000