Alton Park, Chattanooga, TN—37410
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alton Park, Chattanooga, TN
As of Oct '25, the median home price in Alton Park, Chattanooga, TN is $148,000, with a year-over-year change of -2.0%. This indicates that home prices in Alton Park, Chattanooga, TN are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $148,000 | -2.0% |
| Single Family | $148,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $192,000 | -1.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Alton Park, Chattanooga, TN
As of July '25, Rentcast reports the average rent in Alton Park, Chattanooga, TN is $1,270, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Alton Park, Chattanooga, TN is 2-bedrooms: $1,010, 3-bedrooms: $1,490, 4-bedrooms: $2,150. The most common rental property sizes in Alton Park, Chattanooga, TN are 2-bedroom and 3-bedroom, accounting for 51.6% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $920 | $1,010 |
| 3 Bed Rent | $1,500 | $1,490 |
| 4 Bed Rent | $1,800 | $2,150 |
% of Rental Stock
Property Listings — Alton Park, Chattanooga, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Alton Park, Chattanooga, TN is 71. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $328,000 | -8.0% |
Listing Count | 15 | -16.0% |
| Listings as % of Homes | 0.5% | -16.0% |
Days on Market | 71 | -1.0% |
Demographics — Alton Park, Chattanooga, TN
As of the latest ACS Survey released in 2023, Alton Park, Chattanooga, TN has a population of 3,670, which has decreased by -2.4% over the past 5 years. Alton Park, Chattanooga, TN is a popular place for families, as children make up 39.5% of the population. The area has a poorly educated workforce, with 9.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,670 | -2.4% |
% Under 18 | 39.5% | 26.2% |
% Seniors | 7.6% | -32.7% |
% WFH | 5.1% | 88.9% |
% w/ College Degree | 9.9% | 59.7% |
As of the latest ACS Survey released in 2023, Alton Park, Chattanooga, TN is a predominantly black area, with 81.0% of the population identifying as black. The black population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Alton Park, Chattanooga, TN is white, making up 8.3% of the population. Foreign-born residents account for 5.7% of the population in Alton Park, Chattanooga, TN, and this percentage has increased by 159.1% 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 | 8.3% | -10.8% |
% Black | 81.0% | -9.9% |
% Hispanic | 6.5% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 5.7% | 159.1% |
Mortgage and Risk — Alton Park, Chattanooga, TN
According to HUD data as of 2023, there were 53 mortgage originations in Alton Park, Chattanooga, TN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Alton Park, Chattanooga, TN. Investor activity is high, as 26.0% 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 | 53 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 26.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Alton Park, Chattanooga, TN
Alton Park, Chattanooga, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 844 |
Total Units Section 8 | 308 |
% Rentals under Section 8 | 18.7% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | $230 | $920 | $1,150 |
| 3 Bedroom | -$50 | $1,500 | $1,450 |
| 4 Bedroom | -$230 | $1,800 | $1,570 |
Affordability — Alton Park, Chattanooga, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $148,000 |
| Median Household Income | $22,100 |