Ridgedale, Chattanooga, TN—37407
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgedale, Chattanooga, TN
As of Oct '25, the median home price in Ridgedale, Chattanooga, TN is $126,000, with a year-over-year change of -0.2%. This indicates that home prices in Ridgedale, Chattanooga, TN are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | -0.2% |
| Single Family | $126,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $122,000 | 0.8% |
3 Bed | $162,000 | 0.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridgedale, Chattanooga, TN
As of July '25, Rentcast reports the average rent in Ridgedale, Chattanooga, TN is $1,350, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Ridgedale, Chattanooga, TN is studios: $695, 1-bedrooms: $873, 2-bedrooms: $1,170, 3-bedrooms: $1,540, 4-bedrooms: $1,750. The most common rental property sizes in Ridgedale, Chattanooga, TN are 2-bedroom and 3-bedroom, accounting for 58.4% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,350 |
| Studio Rent | $695 | $695 |
| 1 Bed Rent | $875 | $873 |
| 2 Bed Rent | $1,200 | $1,170 |
| 3 Bed Rent | $1,500 | $1,540 |
| 4 Bed Rent | $1,700 | $1,750 |
% of Rental Stock
Property Listings — Ridgedale, Chattanooga, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgedale, Chattanooga, TN is 49. This is a increase of 20.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | 4.0% |
Listing Count | 28 | -19.0% |
| Listings as % of Homes | 0.5% | -19.0% |
Days on Market | 49 | 20.0% |
Demographics — Ridgedale, Chattanooga, TN
As of the latest ACS Survey released in 2023, Ridgedale, Chattanooga, TN has a population of 10,200, which has decreased by -3.5% over the past 5 years. Ridgedale, Chattanooga, TN is a popular place for families, as children make up 40.1% of the population. The area has a poorly educated workforce, with 7.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | -3.5% |
% Under 18 | 40.1% | 19.3% |
% Seniors | 7.3% | -5.2% |
% WFH | 4.8% | 100.0% |
% w/ College Degree | 7.4% | 5.7% |
As of the latest ACS Survey released in 2023, Ridgedale, Chattanooga, TN is a predominantly hispanic area, with 43.1% of the population identifying as hispanic. The hispanic population has grown by 67.1% in the last 5 years. The second most common race or ethnicity in Ridgedale, Chattanooga, TN is white, making up 29.4% of the population. Foreign-born residents account for 26.6% of the population in Ridgedale, Chattanooga, TN, and this percentage has increased by 109.4% 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 | 29.4% | -13.3% |
% Black | 22.0% | -40.5% |
% Hispanic | 43.1% | 67.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 26.6% | 109.4% |
Mortgage and Risk — Ridgedale, Chattanooga, TN
According to HUD data as of 2023, there were 89 mortgage originations in Ridgedale, Chattanooga, TN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Ridgedale, Chattanooga, TN. Investor activity is high, as 20.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 89 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 20.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Ridgedale, Chattanooga, TN
As of 2024, the percent of homes in Ridgedale, Chattanooga, TN under the Section 8 program is 12.1%. 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 Ridgedale, Chattanooga, TN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 601 |
Total Units Section 8 | 191 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 78.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $225 | $875 | $1,100 |
| 2 Bedroom | $20 | $1,200 | $1,220 |
| 3 Bedroom | $40 | $1,500 | $1,540 |
| 4 Bedroom | -$40 | $1,700 | $1,660 |
Affordability — Ridgedale, Chattanooga, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $126,000 |
| Median Household Income | $33,800 |