The story of this market
The typical home in ZIP 37403 sells for about $393,000, or $213 per square foot.
Prices are down 3.6% from a year ago, which gives buyers more room to negotiate. Homes take about 59 days to sell. HUD's fair market rent for a two-bedroom is $1,443 a month.
ZIP 37403 — Chattanooga
The 37403 housing market is currently experiencing a period of price stabilization following years of rapid appreciation. While inventory levels remain balanced, the market is sensitive to interest rate fluctuations and the specific demands of the university-adjacent rental sector. Overall, the area remains a high-demand location due to its central urban position and proximity to major employment anchors.
This ZIP is ideal for students, faculty, and young professionals who prioritize proximity to the university and downtown amenities over suburban space.
Median prices moved down 3.6% year over year.
Homes spend a median of 59 days on market with 3.5 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 23.6% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 37403, Hamilton County 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 is served by the Hamilton County School District, which provides a range of public educational options including magnet and specialized programs associated with the University of Tennessee at Chattanooga.
The area is subject to standard regional risks including potential for severe thunderstorms and localized flooding, typical of the Tennessee Valley.
Development is anchored by the University of Tennessee at Chattanooga and proximity to the downtown Chattanooga economic core, with ongoing urban infill and revitalization projects.
Property taxes are assessed by Hamilton County based on a state-mandated appraisal cycle, with rates determined by the county and city of Chattanooga; no state income tax applies to wages.
The ZIP is centrally located in downtown Chattanooga, offering high walkability and short commute times to major employment hubs via local surface streets and nearby highway access.
Residents have immediate access to the Tennessee Riverwalk, Coolidge Park, and various cultural amenities including the Hunter Museum of American Art and the UTC campus facilities.
The rental market is heavily influenced by the student population at UTC, resulting in consistent demand and a mix of multi-family and single-family rental inventory.
The economy is anchored by the University of Tennessee at Chattanooga, healthcare systems, and a growing tech sector supported by the city's municipal fiber network.
The area is served by CARTA bus routes and is highly accessible to I-24 and US-27, facilitating regional connectivity.
Ongoing urban revitalization efforts focus on mixed-use developments near the riverfront and university district.
Parcels are subject to Hamilton County and Chattanooga municipal tax levies; no major MUDs reported.
Standard property insurance market with typical exposure to wind and storm-related risks.
Data retrieved from data.census.gov ZCTA 37403 profile.
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 Park4.15.8 mi
- Creative Discovery Museum4.71 mi
- Dave & Buster’s Chattanooga4.47.8 mi
- Spare Time Chattanooga4.45.2 mi
- Urban Air Trampoline and Adventure Park4.38.3 mi
- Chattanooga Convention Center4.61.1 mi
- Feed Table and Tavern4.61.2 mi
- Soldiers and Sailors Memorial Auditorium4.60.6 mi
- Golden Corral Buffet & Grill4.47.1 mi
- Topgolf Chattanooga4.36.5 mi
- Tennessee Aquarium4.71 mi
- Chattanooga Zoo4.40.9 mi
- Ruby Falls4.63.3 mi
- Lookout Mountain Incline Railway4.43.3 mi
- Coolidge Park4.71 mi
- Tennessee Valley Railroad Museum4.85.2 mi
- Ruby Falls4.63.3 mi
- Creative Discovery Museum4.71 mi
- Chattanooga Choo Choo Historic District4.41 mi
- Hunter Museum of American Art4.70.8 mi
- Rock City Gardens4.76.1 mi
- Little Debbie Park4.812.7 mi
- Ruby Falls4.63.3 mi
- Coolidge Park4.71 mi
- Chickamauga Battlefield Visitor Center4.87.8 mi
- Hales Bar Marina & Resort413.7 mi
- Harbor Lights Marina4.415 mi
- Island Cove Marina & Resort4.511.4 mi
- Lakeshore Marina4.26.1 mi
- Island Cove Marina4.511.2 mi
- Topgolf Chattanooga4.36.5 mi
- Moccasin Bend Golf Course42.2 mi
- Brown Acres Golf Course3.76.2 mi
- Black Creek Club4.86.4 mi
- Chattanooga Golf and Country Club4.51.5 mi
- Hamilton Place4.37.8 mi
- Publix Super Market on North Market Street4.61.3 mi
- Publix Super Market at Village at Waterside4.78.2 mi
- Northgate Mall46.4 mi
- Publix Super Market at Mount Vernon Point4.63 mi
- Chattanooga Metropolitan Airport4.45.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major anchor institution driving local economy and culture.
Prominent cultural landmark overlooking the Tennessee River.
Extensive trail system for recreation and commuting.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.