East Chattanooga, Chattanooga, TN—37406
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Chattanooga, Chattanooga, TN
As of Oct '25, the median home price in East Chattanooga, Chattanooga, TN is $180,000, with a year-over-year change of -0.8%. This indicates that home prices in East Chattanooga, Chattanooga, TN are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $180,000 | -0.8% |
| Single Family | $180,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $142,000 | -4.7% |
3 Bed | $216,000 | 0.9% |
4 Bed | $248,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Chattanooga, Chattanooga, TN
As of July '25, Rentcast reports the average rent in East Chattanooga, Chattanooga, TN is $1,390, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in East Chattanooga, Chattanooga, TN is studios: $1,330, 1-bedrooms: $1,060, 2-bedrooms: $1,110, 3-bedrooms: $1,580, 4-bedrooms: $1,700. The most common rental property sizes in East Chattanooga, Chattanooga, TN are 2-bedroom and 3-bedroom, accounting for 53.4% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,330 | $1,390 |
| Studio Rent | $1,330 | $1,330 |
| 1 Bed Rent | $895 | $1,060 |
| 2 Bed Rent | $1,100 | $1,110 |
| 3 Bed Rent | $1,500 | $1,580 |
| 4 Bed Rent | $1,650 | $1,700 |
% of Rental Stock
Property Listings — East Chattanooga, Chattanooga, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in East Chattanooga, Chattanooga, TN is 56. This is a decrease of -8.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | 2.0% |
Listing Count | 75 | 0.0% |
| Listings as % of Homes | 0.8% | 0.0% |
Days on Market | 56 | -8.0% |
Demographics — East Chattanooga, Chattanooga, TN
As of the latest ACS Survey released in 2023, East Chattanooga, Chattanooga, TN has a population of 12,900, which has decreased by -7.7% over the past 5 years. East Chattanooga, Chattanooga, TN is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,900 | -7.7% |
% Under 18 | 25.7% | 17.9% |
% Seniors | 16.7% | -11.2% |
% WFH | 6.2% | 933.3% |
% w/ College Degree | 16.1% | 42.5% |
As of the latest ACS Survey released in 2023, East Chattanooga, Chattanooga, TN is a predominantly black area, with 70.2% of the population identifying as black. The black population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in East Chattanooga, Chattanooga, TN is white, making up 20.6% of the population. Foreign-born residents account for 5.2% of the population in East Chattanooga, Chattanooga, TN, and this percentage has increased by 477.8% 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 | 20.6% | 5.1% |
% Black | 70.2% | -8.4% |
% Hispanic | 6.3% | 3,050.0% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 5.2% | 477.8% |
Mortgage and Risk — East Chattanooga, Chattanooga, TN
According to HUD data as of 2023, there were 142 mortgage originations in East Chattanooga, Chattanooga, TN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in East Chattanooga, Chattanooga, TN. Investor activity is low, as 13.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 13.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — East Chattanooga, Chattanooga, TN
As of 2024, the percent of homes in East Chattanooga, Chattanooga, TN under the Section 8 program is 32.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In East Chattanooga, Chattanooga, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 931 |
Total Units Section 8 | 861 |
% Rentals under Section 8 | 32.5% |
% Occupied Section 8 | 82.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $205 | $895 | $1,100 |
| 2 Bedroom | $120 | $1,100 | $1,220 |
| 3 Bedroom | $40 | $1,500 | $1,540 |
| 4 Bedroom | $10 | $1,650 | $1,660 |
Affordability — East Chattanooga, Chattanooga, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $180,000 |
| Median Household Income | $43,000 |