Fort Wood, Chattanooga, TN—37403
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fort Wood, Chattanooga, TN
As of Oct '25, the median home price in Fort Wood, Chattanooga, TN is $392,000, with a year-over-year change of -3.3%. This indicates that home prices in Fort Wood, Chattanooga, TN are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $392,000 | -3.3% |
| Single Family | $388,000 | -5.4% |
| Condos | $400,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $368,000 | -2.4% |
3 Bed | $390,000 | -5.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fort Wood, Chattanooga, TN
As of July '25, Rentcast reports the average rent in Fort Wood, Chattanooga, TN is $1,530, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in Fort Wood, Chattanooga, TN is studios: $1,100, 1-bedrooms: $1,170, 2-bedrooms: $1,580, 3-bedrooms: $2,310, 4-bedrooms: $665. The most common rental property sizes in Fort Wood, Chattanooga, TN are 1-bedroom and 2-bedroom, accounting for 48.8% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,530 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $1,250 | $1,170 |
| 2 Bed Rent | $1,600 | $1,580 |
| 3 Bed Rent | $2,250 | $2,310 |
| 4 Bed Rent | $665 | $665 |
% of Rental Stock
Property Listings — Fort Wood, Chattanooga, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fort Wood, Chattanooga, TN is 62. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $410,000 | -27.0% |
Listing Count | 30 | -14.0% |
| Listings as % of Homes | 0.4% | -14.0% |
Days on Market | 62 | -23.0% |
Demographics — Fort Wood, Chattanooga, TN
As of the latest ACS Survey released in 2023, Fort Wood, Chattanooga, TN has a population of 6,560, which has decreased by -8.9% over the past 5 years. Fort Wood, Chattanooga, TN is a less popular place for families, as children make up 3.2% of the population. The area has a highly educated workforce, with 49.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,560 | -8.9% |
% Under 18 | 3.2% | 6.7% |
% Seniors | 6.6% | 69.2% |
% WFH | 5.9% | -16.9% |
% w/ College Degree | 49.3% | 4.7% |
As of the latest ACS Survey released in 2023, Fort Wood, Chattanooga, TN is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Fort Wood, Chattanooga, TN is black, making up 13.9% of the population. Foreign-born residents account for 1.4% of the population in Fort Wood, Chattanooga, TN, and this percentage has decreased by 69.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.9% | -1.1% |
% Black | 13.9% | -25.7% |
% Hispanic | 5.2% | 44.4% |
% Asian | 3.7% | 117.6% |
% Foreign Born | 1.4% | -69.6% |
Mortgage and Risk — Fort Wood, Chattanooga, TN
According to HUD data as of 2023, there were 26 mortgage originations in Fort Wood, Chattanooga, TN, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Fort Wood, Chattanooga, TN. Investor activity is low, as 8.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 26 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 8.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Fort Wood, Chattanooga, TN
As of 2024, the percent of homes in Fort Wood, Chattanooga, TN under the Section 8 program is 10.5%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fort Wood, Chattanooga, TN, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 175 |
Total Units Section 8 | 175 |
% Rentals under Section 8 | 10.5% |
% Occupied Section 8 | 80.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,250 | $1,530 |
| 2 Bedroom | $100 | $1,600 | $1,700 |
| 3 Bedroom | -$110 | $2,250 | $2,140 |
| 4 Bedroom | $1,655 | $665 | $2,320 |
Affordability — Fort Wood, Chattanooga, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $392,000 |
| Median Household Income | $65,800 |