Chattanooga housing market
Typical home value
$319K
▼ 0.3% 1 yr
Typical rent
$1,509/mo
▲ 2.4% 1 yr
12-month forecast
+1.2%
#370 of 546 metros
Gross rent yield
5.7%
#311 of 546 · U.S. 6.3%
Days to pending
66 days
▲ +10 days 1 yr
Listings with a price cut
34%
▲ +0.5 pts 1 yr
Key takeaways
- 1The typical home is worth $318,922, down 0.3% in a year and up 23% over five years.
- 2Zillow forecasts home values rising 1.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,509/mo (+2.4% YoY), a 5.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,753/mo in principal and interest, $244 more than renting.
- 5Homes go under contract in 66 days (+10 days vs last year); 34% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 22/100, #521 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Chattanooga compares
| Measure | Chattanooga | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −0.3% | +1.2% | #471 |
| Home value, 5-yr change | +22.6% | +19.7% | |
| 12-month forecast | +1.2% | +1.1% | #370 |
| Rent, 1-yr change | +2.4% | +2.7% | #369 |
| Gross rent yield | 5.7% | 6.3% | #311 |
| Price-to-rent ratio | 17.6 | 15.8 | |
| Mortgage P&I on typical home | $1,753 | $2,012 | |
| Income needed to buy | $83,441 | $100,902 | |
| Days to pending | 66 | 56 |
Cities in the Chattanooga metro
6 cities with home value and rent data.
| Chattanooga | $315K | ▼ 1.3% | $1,498 | ▲ 2.3% | 5.7% |
| Ringgold | $315K | ▲ 1.2% | $1,803 | ▲ 4.2% | 6.9% |
| Ooltewah | $438K | ▼ 1.6% | $2,050 | ▲ 0.9% | 5.6% |
| East Ridge | $253K | ▼ 2.7% | $1,423 | ▲ 4.6% | 6.7% |
| Rossville | $215K | ▼ 2.4% | $1,375 | ▲ 5.4% | 7.7% |
| Red Bank | $304K | ▼ 2.0% | $1,283 | ▲ 1.5% | 5.1% |
Run the numbers
Rental property calculator
Cash flow on a typical Chattanooga rental ($319K, $1,509/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Chattanooga home.
Rent vs buy
Is it cheaper to rent or buy in Chattanooga?
Other Tennessee metros
Nashville, TN
$449K home$1,803 rent4.8% yield
▼ 0.5% 1 yr
Memphis, TN
$242K home$1,393 rent6.9% yield
▲ 0.1% 1 yr
Knoxville, TN
$363K home$1,725 rent5.7% yield
▲ 1.9% 1 yr
Clarksville, TN
$289K home$1,343 rent5.6% yield
▲ 0.2% 1 yr
Kingsport, TN
$243K home$1,330 rent6.6% yield
▲ 1.1% 1 yr
Johnson City, TN
$280K home$1,488 rent6.4% yield
▲ 1.4% 1 yr
Jackson, TN
$202K home$1,393 rent8.3% yield
▲ 0.7% 1 yr
Morristown, TN
$297K home$1,560 rent6.3% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.