St Elmo, Chattanooga, TN—37409
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — St Elmo, Chattanooga, TN
As of Oct '25, the median home price in St Elmo, Chattanooga, TN is $387,000, with a year-over-year change of 1.4%. This indicates that home prices in St Elmo, Chattanooga, TN are increasing. 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 | $387,000 | 1.4% |
| Single Family | $390,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $334,000 | -1.5% |
3 Bed | $467,000 | 3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — St Elmo, Chattanooga, TN
As of July '25, Rentcast reports the average rent in St Elmo, Chattanooga, TN is $2,280, with a year-over-year rent change of 44.3%. Per bedroom, the median rent as of July '25 in St Elmo, Chattanooga, TN is 1-bedrooms: $2,000, 2-bedrooms: $1,730, 3-bedrooms: $2,550, 4-bedrooms: $3,450. The most common rental property sizes in St Elmo, Chattanooga, TN are 2-bedroom and 3-bedroom, accounting for 46.1% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,000 |
| 2 Bed Rent | $1,700 | $1,730 |
| 3 Bed Rent | $2,700 | $2,550 |
| 4 Bed Rent | $3,200 | $3,450 |
% of Rental Stock
Property Listings — St Elmo, Chattanooga, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in St Elmo, Chattanooga, TN is 45. This is a increase 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 54.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $482,000 | -15.0% |
Listing Count | 26 | 13.0% |
| Listings as % of Homes | 1.3% | 13.0% |
Days on Market | 45 | 1.0% |
Demographics — St Elmo, Chattanooga, TN
As of the latest ACS Survey released in 2023, St Elmo, Chattanooga, TN has a population of 3,420, which has increased by 27.0% over the past 5 years. St Elmo, Chattanooga, TN is a moderately popular place for families, as children make up 18.6% of the population. The area has a highly educated workforce, with 55.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,420 | 27.0% |
% Under 18 | 18.6% | 8.8% |
% Seniors | 12.1% | -29.2% |
% WFH | 10.4% | 92.6% |
% w/ College Degree | 55.2% | 8.0% |
As of the latest ACS Survey released in 2023, St Elmo, Chattanooga, TN is a predominantly white area, with 72.9% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in St Elmo, Chattanooga, TN is black, making up 7.8% of the population. Foreign-born residents account for 9.3% of the population in St Elmo, Chattanooga, TN, and this percentage has increased by 66.1% 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 | 72.9% | 3.4% |
% Black | 7.8% | -51.2% |
% Hispanic | 6.5% | 32.7% |
% Asian | 4.9% | 122.7% |
% Foreign Born | 9.3% | 66.1% |
Mortgage and Risk — St Elmo, Chattanooga, TN
According to HUD data as of 2023, there were 73 mortgage originations in St Elmo, Chattanooga, TN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in St Elmo, Chattanooga, TN. Investor activity is low, as 10.0% 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 | 73 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 10.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — St Elmo, Chattanooga, TN
As of 2024, the percent of homes in St Elmo, Chattanooga, TN under the Section 8 program is 2.9%. 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. In St Elmo, Chattanooga, TN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$650 | $2,000 | $1,350 |
| 2 Bedroom | -$200 | $1,700 | $1,500 |
| 3 Bedroom | -$810 | $2,700 | $1,890 |
| 4 Bedroom | -$1,160 | $3,200 | $2,040 |
Affordability — St Elmo, Chattanooga, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $387,000 |
| Median Household Income | $75,100 |