Hamilton County · Tennessee
Chattanooga, TN housing costs
What a home costs to buy and to rent here, how old the housing stock is, and how much of a paycheck rent takes — all from Census ACS 5-year estimates.
Quick answer
The median home in Chattanooga, TN is worth $259,200 and median gross rent is $1,155 a month. That is 15% below the national median home value of $303,400. 53.1% of occupied homes are owner-occupied, against 65% nationally.
- Median home value
- $259,200#62 of 94 metros
- Median gross rent
- $1,155/mo#66 of 94 metros
- Owner-occupied
- 53.1%US average 65%
- Median year built
- 1975Half the homes here are older than this
Can a median household here buy a median home?
Price-to-income is the plainest affordability yardstick there is.
Chattanooga's median household earns $55,591 a year while the median home is worth $259,200. That is a price-to-income ratio of 4.7×, against roughly 3.9× nationally. Lenders have historically treated anything above 4× as stretched. Renters at the median put 28.9% of household income into gross rent; 30% is the federal threshold for “cost-burdened”.
Related data for Chattanooga
The same household, seen from three angles.
Tables B25077, B25064, B25003, B25035 and B25071, 2019-2023 ACS 5-year, Census place 4,714,000. Values are place-level, not metro-area-wide.