Ooltewah, TN—37363
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ooltewah, TN
As of Oct '25, the median home price in Ooltewah, TN is $445,000, with a year-over-year change of 0.9%. This indicates that home prices in Ooltewah, TN are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $445,000 | 0.9% |
| Single Family | $447,000 | 0.4% |
| Condos | $399,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $317,000 | 1.3% |
3 Bed | $393,000 | 0.8% |
4 Bed | $512,000 | 0.6% |
| 5 Bed | $643,000 | 0.6% |
% of Housing Stock
Rental Trends — Ooltewah, TN
As of July '25, Rentcast reports the average rent in Ooltewah, TN is $2,450, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Ooltewah, TN is studios: $2,460, 1-bedrooms: $1,190, 2-bedrooms: $1,670, 3-bedrooms: $2,290, 4-bedrooms: $2,830. The most common rental property sizes in Ooltewah, TN are 2-bedroom and 3-bedroom, accounting for 49.6% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,450 |
| Studio Rent | $2,400 | $2,460 |
| 1 Bed Rent | $1,280 | $1,190 |
| 2 Bed Rent | $1,550 | $1,670 |
| 3 Bed Rent | $2,250 | $2,290 |
| 4 Bed Rent | $2,800 | $2,830 |
% of Rental Stock
Property Listings — Ooltewah, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Ooltewah, TN is 68. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | -3.0% |
Listing Count | 379 | 0.0% |
| Listings as % of Homes | 1.5% | 0.0% |
Days on Market | 68 | 17.0% |
Demographics — Ooltewah, TN
As of the latest ACS Survey released in 2023, Ooltewah, TN has a population of 40,800, which has increased by 2.0% over the past 5 years. Ooltewah, TN is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 43.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,800 | 2.0% |
% Under 18 | 21.6% | -10.4% |
% Seniors | 20.4% | 21.4% |
% WFH | 15.7% | 86.9% |
% w/ College Degree | 43.3% | 13.6% |
As of the latest ACS Survey released in 2023, Ooltewah, TN is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Ooltewah, TN is black, making up 8.8% of the population. Foreign-born residents account for 5.9% of the population in Ooltewah, TN, and this percentage has increased by 11.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.9% | -5.1% |
% Black | 8.8% | 20.5% |
% Hispanic | 7.5% | 25.0% |
% Asian | 1.7% | -32.0% |
% Foreign Born | 5.9% | 11.3% |
Mortgage and Risk — Ooltewah, TN
According to HUD data as of 2023, there were 984 mortgage originations in Ooltewah, TN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Ooltewah, TN. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 984 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Ooltewah, TN
As of 2024, the percent of homes in Ooltewah, TN under the Section 8 program is 1.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Ooltewah, TN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,280 | $1,680 |
| 2 Bedroom | $320 | $1,550 | $1,870 |
| 3 Bedroom | $110 | $2,250 | $2,360 |
| 4 Bedroom | -$250 | $2,800 | $2,550 |
Affordability — Ooltewah, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $445,000 |
| Median Household Income | $94,900 |