Harrison, Chattanooga, TN—37416
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harrison, Chattanooga, TN
As of Oct '25, the median home price in Harrison, Chattanooga, TN is $288,000, with a year-over-year change of -0.5%. This indicates that home prices in Harrison, Chattanooga, TN are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $288,000 | -0.5% |
| Single Family | $289,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $225,000 | 0.0% |
3 Bed | $291,000 | -0.7% |
4 Bed | $402,000 | 0.0% |
| 5 Bed | $518,000 | 0.4% |
% of Housing Stock
Rental Trends — Harrison, Chattanooga, TN
As of July '25, Rentcast reports the average rent in Harrison, Chattanooga, TN is $1,480, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Harrison, Chattanooga, TN is 1-bedrooms: $1,030, 2-bedrooms: $1,280, 3-bedrooms: $1,980, 4-bedrooms: $1,970. The most common rental property sizes in Harrison, Chattanooga, TN are 2-bedroom and 1-bedroom, accounting for 40.3% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,030 |
| 2 Bed Rent | $1,300 | $1,280 |
| 3 Bed Rent | $2,000 | $1,980 |
| 4 Bed Rent | $1,980 | $1,970 |
% of Rental Stock
Property Listings — Harrison, Chattanooga, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Harrison, Chattanooga, TN is 44. This is a increase of 33.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $362,000 | 8.0% |
Listing Count | 74 | 18.0% |
| Listings as % of Homes | 0.9% | 18.0% |
Days on Market | 44 | 33.0% |
Demographics — Harrison, Chattanooga, TN
As of the latest ACS Survey released in 2023, Harrison, Chattanooga, TN has a population of 14,100, which has decreased by -8.3% over the past 5 years. Harrison, Chattanooga, TN is a moderately popular place for families, as children make up 15.7% of the population. The area has a moderately educated workforce, with 34.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,100 | -8.3% |
% Under 18 | 15.7% | -11.3% |
% Seniors | 18.3% | 3.4% |
% WFH | 11.4% | 267.7% |
% w/ College Degree | 34.2% | 61.3% |
As of the latest ACS Survey released in 2023, Harrison, Chattanooga, TN is a predominantly white area, with 46.7% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Harrison, Chattanooga, TN is black, making up 43.3% of the population. Foreign-born residents account for 8.3% of the population in Harrison, Chattanooga, TN, and this percentage has increased by 80.4% 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 | 46.7% | -4.1% |
% Black | 43.3% | 0.7% |
% Hispanic | 4.2% | -32.3% |
% Asian | 1.2% | -57.1% |
% Foreign Born | 8.3% | 80.4% |
Mortgage and Risk — Harrison, Chattanooga, TN
According to HUD data as of 2023, there were 390 mortgage originations in Harrison, Chattanooga, TN, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Harrison, Chattanooga, TN. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 390 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Harrison, Chattanooga, TN
As of 2024, the percent of homes in Harrison, Chattanooga, TN under the Section 8 program is 9.4%. 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 units appear to be good home sizes to consider for Section 8 housing in Harrison, Chattanooga, TN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 279 |
Total Units Section 8 | 278 |
% Rentals under Section 8 | 9.4% |
% Occupied Section 8 | 79.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,000 | $1,280 |
| 2 Bedroom | $120 | $1,300 | $1,420 |
| 3 Bedroom | -$210 | $2,000 | $1,790 |
| 4 Bedroom | -$50 | $1,980 | $1,930 |
Affordability — Harrison, Chattanooga, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $288,000 |
| Median Household Income | $65,100 |