The story of this market
The typical home in ZIP 37406 sells for about $255,000, or $195 per square foot.
Prices are down 5.8% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $982 a month.
ZIP 37406 — Chattanooga
The 37406 housing market is currently experiencing a period of price correction, with median sale prices showing a year-over-year decline. While inventory remains tight, the market is characterized by a high share of renters and significant affordability challenges, reflecting broader economic trends in the urban core of Chattanooga.
This ZIP is primarily suited for budget-conscious buyers and investors looking for entry-level housing opportunities near the urban core, as well as renters seeking proximity to local employment hubs.
Median prices moved down 5.8% year over year.
Homes spend a median of 58 days on market with 1.5 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 97.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.2% · poverty 30.4% — elevated distress and economic pressure.
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 11.8%/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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 37406, 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.
Crime rates in the 37406 area are higher than the national average, with property and violent crime being primary concerns for residents compared to safer suburban sectors of Hamilton County.
Public schools in this ZIP are part of the Hamilton County School District, which faces ongoing challenges with academic performance and resource allocation across its urban core campuses.
The area is subject to standard regional risks including potential for severe thunderstorms and localized flooding in low-lying areas near the Tennessee River tributaries.
Economic momentum is driven by proximity to the Chattanooga State Community College campus and industrial corridors along the river, though residential development remains modest compared to the city's northern growth zones.
Property taxes are assessed by Hamilton County and the City of Chattanooga; the area is subject to standard municipal and county levies without significant special district overlays.
Residents benefit from a short average commute of approximately 18.6 minutes, with direct access to major thoroughfares leading into downtown Chattanooga's employment core.
The area features local community parks and is within a short drive of the Tennessee River waterfront, offering access to trails and outdoor recreation facilities.
The rental market is characterized by high demand for affordable housing, with a significant share of the population being renters and limited new multi-family supply.
The local economy is anchored by education, manufacturing, and logistics, benefiting from the industrial base surrounding the Amnicola Highway corridor.
The area is served by a network of arterial roads providing connectivity to the broader Chattanooga transit system and regional highway access.
Development is focused on the revitalization of existing residential stock and infrastructure improvements near the Chattanooga State campus.
The Hamilton County Assessor of Property manages assessments, typically conducting reappraisals on a multi-year cycle to reflect market value changes.
Parcels are served by the Hamilton County School District and standard municipal utility districts.
Property insurance premiums are influenced by regional weather patterns and the age of the housing stock, with standard coverage available.
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 Park4.16.4 mi
- Creative Discovery Museum4.73 mi
- Dave & Buster’s Chattanooga4.46.2 mi
- Spare Time Chattanooga4.44.7 mi
- Urban Air Trampoline and Adventure Park4.36.8 mi
- Chattanooga Convention Center4.63.4 mi
- Feed Table and Tavern4.63.4 mi
- Soldiers and Sailors Memorial Auditorium4.62.8 mi
- Golden Corral Buffet & Grill4.47.9 mi
- Topgolf Chattanooga4.36 mi
- Tennessee Aquarium4.72.9 mi
- Chattanooga Zoo4.42.1 mi
- Ruby Falls4.65.5 mi
- Lookout Mountain Incline Railway4.45.5 mi
- Coolidge Park4.72.6 mi
- Tennessee Valley Railroad Museum4.83.2 mi
- Ruby Falls4.65.5 mi
- Creative Discovery Museum4.73 mi
- Chattanooga Choo Choo Historic District4.43.2 mi
- Hunter Museum of American Art4.72.6 mi
- Rock City Gardens4.78.2 mi
- Little Debbie Park4.810.8 mi
- Ruby Falls4.65.5 mi
- Coolidge Park4.72.6 mi
- Chickamauga Battlefield Visitor Center4.88.8 mi
- Hales Bar Marina & Resort415.6 mi
- Harbor Lights Marina4.412.8 mi
- Island Cove Marina & Resort4.59.2 mi
- Lakeshore Marina4.23.8 mi
- Island Cove Marina4.58.9 mi
- Topgolf Chattanooga4.36 mi
- Bear Trace at Harrison Bay (TN Golf Trail)4.612.5 mi
- Moccasin Bend Golf Course44.4 mi
- Brown Acres Golf Course3.75.3 mi
- Black Creek Club4.88.6 mi
- Hamilton Place4.36.3 mi
- Publix Super Market on North Market Street4.62.6 mi
- Publix Super Market at Village at Waterside4.76.5 mi
- Northgate Mall44.5 mi
- Publix Super Market at Mount Vernon Point4.65.1 mi
- Chattanooga Metropolitan Airport4.44.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional anchor institution providing vocational and academic training.
Provides regional recreational access and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.