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  5. /St Elmo, Chattanooga, TN - 37409

St Elmo, Chattanooga, TN—37409

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$402,000
0.6% YoY Growth
Household Income
$75,100
49.9% YoY Growth
Days on Market
47
9.0% Shorter YoY
Home Price Forecast
1.1%
Median Rent
$2,200
44.3% YoY Growth
1-Bed Rent
$2,000
129.4% YoY Growth
2-Bed Rent
$1,700
2.8% YoY Growth
3-Bed Rent
$2,700
40.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — St Elmo, Chattanooga, TN

As of May '26, the median home price in St Elmo, Chattanooga, TN is $402,000, with a year-over-year change of -0.6%. This indicates that home prices in St Elmo, Chattanooga, TN are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$402,000-0.6%
Single Family $406,000-0.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$345,000-2.3%
    3 Bed
    		$477,0000.4%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    8.8%
    2 Bedrooms
    44.9%
    3 Bedrooms
    35.7%
    4 Bedrooms
    10.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,200$2,280
    Studio Rent N/AN/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
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    % of Rental Stock

    1 Bedroom
    22.2%
    2 Bedrooms
    46.1%
    3 Bedrooms
    31.7%

    Property Listings — St Elmo, Chattanooga, TN

    As of May '26, Realtor.com reports that the median days on market for a home in St Elmo, Chattanooga, TN is 47. This is a decrease of -9.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$475,000-9.0%
    Listing Count
    		3323.0%
    Listings as % of Homes1.3%23.0%
    Days on Market
    		47-9.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		3,42027.0%
    % Under 18
    		18.6%8.8%
    % Seniors
    		12.1%-29.2%
    % WFH
    		10.4%92.6%
    % w/ College Degree
    		55.2%8.0%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$402,000
    Median Household Income$75,100

    St Elmo, Chattanooga, TN — ZIP Code Boundary Map

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    Frequently Asked Questions