There are currently 59,137 real estate properties in Chattanooga, TN, with a median automated valuation model (AVM) price of $279,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chattanooga, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Chattanooga, TN, is $329,560.00, with the most expensive house in Chattanooga, TN, topping out at $31,944,300.00 and the cheapest home in Chattanooga, TN, clocking in at $14,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Chattanooga, TN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chattanooga, TN, is on a rollercoaster ride. The average rent price in Chattanooga, TN, is $1,326.00. Indeed, when looking to rent in Chattanooga, TN, you can expect to pay as little as $440.00 or as much as $3,060.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Chattanooga, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Chattanooga, TN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Chattanooga, TN and much more. Save thousands at closing with home foreclosure listings in Chattanooga, TN — up to 75% off market value!
Chattanooga is located in Hamilton, Tennessee, with an estimated municipal population of 182,799 residents. All of the best foreclosed homes for sale in Chattanooga are located in the following zip code areas on Foreclosure.com: 37415 37416 37410 37411 37419 37409 37421 37363 37408 37403 37402 37407 37405 37406 37404 37343 37351 37350 37401 37414 37424 37450. The estimated population per square kilometer (.62 miles) in Chattanooga is 493.
So, about how much do homes cost in Chattanooga? The most recent median value of resident-owned homes in Chattanooga is 167,414. An estimated 52.6 percent of households in Chattanooga own their homes, with an average family size of 3.11. The median household income in Chattanooga is 45,527, with19.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Chattanooga, the median commute time of resident workers (in minutes) is 19.4. And last, but certainly not least, are you looking for homes to rent in Chattanooga? If so, the average rent price paid by renters in Chattanooga is 859, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Chattanooga, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Chattanooga is 37.5, split between 46.8 percent male versus 53.2 female. The percentage of residents who report being married in Chattanooga is 38, with an average family size of 3.11.
The percentage of residents who report their race in Chattanooga is as follows:
| White | 62.3% |
| Black / African American | 31.4% |
| Asian | 2.7% |
| American Indian / Alaskan Native | 0.2% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.4% |
| Other | 1.1% |
Looking for family-friendly neighborhoods in and/or near Chattanooga? Or maybe you are searching for 55+ active adult communities in and/or near Chattanooga?
The percentage of residents who report their age in Chattanooga is as follows:
| Under 10 | 11.2% |
| Aged 10-19 | 11.3% |
| 20s | 16.3% |
| 30s | 14.2% |
| 40s | 11.3% |
| 50s | 12.7% |
| 60s | 11.6% |
| 70s | 6.8% |
| 80+ | 4.7% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Chattanooga with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chattanooga.
How do you know that living in -- or moving to -- Chattanooga is right where you need to be? Perhaps you grew up in Chattanooga or already live nearby; therefore, the decision to buy a home in Chattanooga is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chattanooga for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Chattanooga:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Chattanooga.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Chattanooga can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Chattanooga, meanwhile, can field multiple offers from more qualified buyers.
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