The story of this market
The typical home in ZIP 37402 sells for about $375,000, or $213 per square foot.
Prices are down 5.04% from a year ago, which gives buyers more room to negotiate. Homes take about 53 days to sell. HUD's fair market rent for a two-bedroom is $615 a month.
ZIP 37402 — Chattanooga
The 37402 housing market is currently experiencing a correction, with median listing prices down 5% year-over-year as inventory levels stabilize. While the broader Chattanooga market remains competitive, this downtown-centric ZIP is seeing a shift toward more balanced conditions, driven by high rental demand and ongoing urban development.
This ZIP is ideal for young professionals, urban-dwelling commuters, and investors seeking proximity to downtown employment and entertainment, rather than families seeking traditional suburban space.
Median prices moved down 5.0% year over year.
Homes spend a median of 53 days on market with 3.5 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 36.5% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 37402, Chattanooga, TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area benefits from proximity to downtown Chattanooga's economic core, with ongoing urban revitalization and mixed-use development projects along the riverfront.
Property taxes are assessed by Hamilton County; rates are determined by the county and city of Chattanooga, with no state-level income tax on wages.
Located in the heart of downtown Chattanooga, residents enjoy short commutes with high walkability and easy access to major highway corridors like I-24 and US-27.
The ZIP features immediate access to the Tennessee Riverwalk, Coolidge Park, and the Hunter Museum of American Art, alongside extensive downtown dining and shopping.
The rental market is highly active due to the downtown location, with a mix of luxury riverfront apartments and historic urban units; vacancy pressure remains moderate.
The economy is anchored by downtown Chattanooga's professional services, tourism, and the burgeoning tech sector, supported by the city's high-speed municipal fiber network.
The area is served by CARTA bus lines and is highly walkable, with major highway access via the I-24/US-27 interchange.
Ongoing urban infill projects and riverfront mixed-use developments continue to reshape the downtown landscape.
Hamilton County Assessor of Property manages assessments based on fair market value, with reappraisals occurring on a multi-year cycle.
Parcels are subject to Chattanooga city and Hamilton County taxes, with potential inclusion in downtown business improvement districts.
Property insurance premiums are influenced by urban density and proximity to the Tennessee River flood zones.
Data retrieved from Census Reporter and US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Lake Winnepesaukah Amusement Park4.16.2 mi
- Creative Discovery Museum4.70.6 mi
- Dave & Buster’s Chattanooga4.48.9 mi
- Spare Time Chattanooga4.46 mi
- Urban Air Trampoline and Adventure Park4.39.4 mi
- Chattanooga Convention Center4.60.3 mi
- Feed Table and Tavern4.60.7 mi
- Soldiers and Sailors Memorial Auditorium4.60.6 mi
- Golden Corral Buffet & Grill4.47.3 mi
- Topgolf Chattanooga4.37.3 mi
- Tennessee Aquarium4.70.8 mi
- Chattanooga Zoo4.41.9 mi
- Ruby Falls4.62.2 mi
- Lookout Mountain Incline Railway4.42.5 mi
- Coolidge Park4.71.2 mi
- Tennessee Valley Railroad Museum4.86.4 mi
- Ruby Falls4.62.2 mi
- Creative Discovery Museum4.70.6 mi
- Chattanooga Choo Choo Historic District4.40.8 mi
- Hunter Museum of American Art4.70.9 mi
- Rock City Gardens4.75.3 mi
- Ruby Falls4.62.2 mi
- Coolidge Park4.71.2 mi
- Lula Lake Land Trust4.79.5 mi
- Chickamauga Battlefield Visitor Center4.87.9 mi
- Hales Bar Marina & Resort412.5 mi
- Harbor Lights Marina4.416 mi
- Island Cove Marina & Resort4.512.6 mi
- Lakeshore Marina4.27.2 mi
- Island Cove Marina4.512.4 mi
- Topgolf Chattanooga4.37.3 mi
- Moccasin Bend Golf Course41 mi
- Brown Acres Golf Course3.77.1 mi
- Black Creek Club4.85.2 mi
- Chattanooga Golf and Country Club4.52.6 mi
- Hamilton Place4.38.9 mi
- Publix Super Market on North Market Street4.61.5 mi
- Publix Super Market at Village at Waterside4.79.4 mi
- Northgate Mall47.3 mi
- Publix Super Market at Mount Vernon Point4.62.2 mi
- Chattanooga Metropolitan Airport4.46.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major urban greenway stretching along the riverfront.
A landmark cultural institution overlooking the Tennessee River.
A popular riverfront park featuring a historic carousel and open space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.