Chattanooga
Tennessee · Ranked #276 of 373 metros
58Moderate
💡
Housing in Chattanooga costs 4.22× the median income, below the national average of 4.5×. The median home price is $290K and median rent is $1,214/month. Chattanooga ranks #276 of 373 metros for affordability.
Median Home Price
🏠$290K
Need $86K income
Median Rent
🔑$1,214
Need $48K income
Housing Shortage
📉10,000
units needed
Building Permits
🔨3,594
annual
Median Income
💰$69K
Pop: 569,419
Rent Burden
⚠️30.5%
of renters paying >30%
Price Change (YoY)
📈+4.5%
Homeownership
🏡69.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Chattanooga | National |
|---|---|---|
| Price-to-Income Ratio | 4.22x | 6.1x |
| Rent Burden | 30.5% | 31.5% |
| Homeownership Rate | 69.0% | 65.5% |
| YoY Price Change | +4.5% | +3.5% |
| YoY Rent Change | +3% | +2.8% |
| Mortgage Denial Rate | 13.5% | 13.5% |
| Eviction Rate | 5.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +79%Since 2000: +218.7%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,211/mo
1 Bedroom$1,263/mo
2 Bedroom$1,390/mo
3 Bedroom$1,734/mo
4 Bedroom$1,853/mo
Zillow Market Data
Home Value (ZHVI)
$316K
1yr: -0.2%5yr: +37.8%
Rent (ZORI)
$1,500/mo
1yr: +1.3%5yr: +32.5%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.