Southside, Chattanooga, TN—37408
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southside, Chattanooga, TN
As of Oct '25, the median home price in Southside, Chattanooga, TN is $416,000, with a year-over-year change of -0.1%. This indicates that home prices in Southside, Chattanooga, TN are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $416,000 | -0.1% |
| Single Family | $426,000 | -0.5% |
| Condos | $370,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $366,000 | -1.1% |
3 Bed | $497,000 | -0.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Southside, Chattanooga, TN
As of July '25, Rentcast reports the average rent in Southside, Chattanooga, TN is $1,860, with a year-over-year rent change of -20.5%. Per bedroom, the median rent as of July '25 in Southside, Chattanooga, TN is studios: $1,030, 1-bedrooms: $1,430, 2-bedrooms: $2,050, 3-bedrooms: $2,990, 4-bedrooms: $2,750. The most common rental property sizes in Southside, Chattanooga, TN are 1-bedroom and 2-bedroom, accounting for 36.5% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,860 |
| Studio Rent | $995 | $1,030 |
| 1 Bed Rent | $1,300 | $1,430 |
| 2 Bed Rent | $2,100 | $2,050 |
| 3 Bed Rent | $3,000 | $2,990 |
| 4 Bed Rent | $2,750 | $2,750 |
% of Rental Stock
Property Listings — Southside, Chattanooga, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Southside, Chattanooga, TN is 92. This is a decrease of -24.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | -1.0% |
Listing Count | 72 | 29.0% |
| Listings as % of Homes | 3.1% | 29.0% |
Days on Market | 92 | -24.0% |
Demographics — Southside, Chattanooga, TN
As of the latest ACS Survey released in 2023, Southside, Chattanooga, TN has a population of 3,030, which has increased by 79.2% over the past 5 years. Southside, Chattanooga, TN is a moderately popular place for families, as children make up 17.3% of the population. The area has a highly educated workforce, with 58.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,030 | 79.2% |
% Under 18 | 17.3% | 18.5% |
% Seniors | 10.9% | -22.7% |
% WFH | 24.1% | 308.5% |
% w/ College Degree | 58.6% | 7.9% |
As of the latest ACS Survey released in 2023, Southside, Chattanooga, TN is a predominantly white area, with 62.9% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Southside, Chattanooga, TN is black, making up 27.9% of the population. Foreign-born residents account for 8.4% of the population in Southside, Chattanooga, TN, and this percentage has increased by 140.0% 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 | 62.9% | -0.5% |
% Black | 27.9% | -4.1% |
% Hispanic | 5.5% | 19.6% |
% Asian | 1.7% | 21.4% |
% Foreign Born | 8.4% | 140.0% |
Mortgage and Risk — Southside, Chattanooga, TN
According to HUD data as of 2023, there were 89 mortgage originations in Southside, Chattanooga, TN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Southside, Chattanooga, TN. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 89 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Southside, Chattanooga, TN
As of 2024, the percent of homes in Southside, Chattanooga, TN under the Section 8 program is 32.3%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Southside, Chattanooga, TN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 327 |
Total Units Section 8 | 326 |
% Rentals under Section 8 | 32.3% |
% Occupied Section 8 | 83.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,300 | $1,530 |
| 2 Bedroom | -$400 | $2,100 | $1,700 |
| 3 Bedroom | -$860 | $3,000 | $2,140 |
| 4 Bedroom | -$430 | $2,750 | $2,320 |
Affordability — Southside, Chattanooga, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $416,000 |
| Median Household Income | $91,000 |