The story of this market
The typical home in ZIP 37407 sells for about $210,000, or $184 per square foot.
Prices are up +27.61% from a year ago, so sellers still have some momentum. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $942 a month.
ZIP 37407 — Chattanooga
The 37407 housing market is an entry-level, investor-focused area with a median listing price of $210,000. While the market shows significant year-over-year price growth, it remains characterized by high renter demand and a need for careful operational due diligence regarding property condition and flood risk.
This ZIP code is primarily suited for local real estate investors and budget-conscious buyers who are comfortable with a high-intensity management environment and are looking for entry-level price points.
Median prices moved up 27.6% year over year.
Homes spend a median of 49 days on market with 2.5 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 97.37% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.0% · poverty 45.4% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 37407, 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 37407 area are higher than the national average, with property and violent crime trends remaining a significant concern for local residents compared to safer suburban parts of Hamilton County.
Public schools serving the 37407 ZIP code generally receive lower performance ratings compared to the broader Chattanooga area, reflecting challenges in educational outcomes and resource allocation.
The area faces significant flood risk, with approximately 42% of homes in the broader Chattanooga market exposed to flood hazards, necessitating careful due diligence regarding insurance and property elevation.
Development momentum is driven by local operators and small-scale residential investment, with limited large-scale corporate infrastructure projects currently concentrated within this specific ZIP code.
Property taxes are assessed by Hamilton County and the City of Chattanooga, with rates determined by the combined millage of these jurisdictions; no special MUD/PID districts are widely reported for this ZIP.
Residents in 37407 have relatively direct access to downtown Chattanooga via major surface streets and highway corridors, making it a viable location for commuters working in the city center.
The area provides access to local community parks and is within a short drive of the Tennessee River waterfront, downtown shopping districts, and the recreational amenities of the broader Chattanooga metro.
The rental market is characterized by a high renter share of 62% and significant investor activity, though operators must account for high vacancy drift and management intensity.
The local economy is anchored by the broader Chattanooga industrial and service sectors, with a mix of manufacturing and logistics employers driving regional employment.
The area is served by major highway corridors and local transit routes that facilitate movement toward the Chattanooga employment core.
Development is largely focused on small-scale residential infill and renovation projects rather than large-scale master-planned communities.
The Hamilton County Assessor of Property manages assessments, typically conducting reappraisals on a multi-year cycle to ensure tax equity.
Parcels are subject to standard municipal and county tax levies, with no major special utility or hospital districts reported as unique to this ZIP.
Property insurance premiums are influenced by regional flood exposure and the age of housing stock, with many owners requiring specialized coverage.
Data retrieved from US Census Bureau ACS tables for ZCTA 37407.
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 Park4.12.8 mi
- Creative Discovery Museum4.74.1 mi
- Dave & Buster’s Chattanooga4.47.7 mi
- Spare Time Chattanooga4.44 mi
- Urban Air Trampoline and Adventure Park4.38.1 mi
- Chattanooga Convention Center4.63.4 mi
- Feed Table and Tavern4.63 mi
- Soldiers and Sailors Memorial Auditorium4.63.7 mi
- Golden Corral Buffet & Grill4.43.6 mi
- Topgolf Chattanooga4.34.8 mi
- Tennessee Aquarium4.74.3 mi
- Chattanooga Zoo4.43.2 mi
- Ruby Falls4.63.3 mi
- Lookout Mountain Incline Railway4.42.5 mi
- Coolidge Park4.74.5 mi
- Tennessee Valley Railroad Museum4.86.7 mi
- Ruby Falls4.63.3 mi
- Creative Discovery Museum4.74.1 mi
- Chattanooga Choo Choo Historic District4.43 mi
- Hunter Museum of American Art4.74.2 mi
- Rock City Gardens4.73.9 mi
- Little Debbie Park4.812.9 mi
- Ruby Falls4.63.3 mi
- Coolidge Park4.74.5 mi
- Lula Lake Land Trust4.77.7 mi
- Hales Bar Marina & Resort414.5 mi
- Harbor Lights Marina4.417.6 mi
- Island Cove Marina & Resort4.513.4 mi
- Lakeshore Marina4.28.7 mi
- Island Cove Marina4.513.1 mi
- Topgolf Chattanooga4.34.8 mi
- Moccasin Bend Golf Course44.2 mi
- Brown Acres Golf Course3.75.2 mi
- Black Creek Club4.86.6 mi
- Chattanooga Golf and Country Club4.54.9 mi
- Hamilton Place4.37.7 mi
- Publix Super Market on North Market Street4.64.8 mi
- Publix Super Market at Village at Waterside4.78.4 mi
- Publix Super Market at Mount Vernon Point4.62.5 mi
- Northgate Mall49.6 mi
- Chattanooga Metropolitan Airport4.45.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides regional recreational access and scenic value to the Chattanooga area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.