The story of this market
The typical home in ZIP 37409 sells for about $492,000, or $213 per square foot.
Prices are down 7.6% 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 $1,341 a month.
ZIP 37409 — Chattanooga
The 37409 housing market is experiencing a correction in pricing following a period of rapid appreciation, with a year-over-year decline in median sale prices. Despite this, demand remains steady for well-located properties in historic neighborhoods like St. Elmo, supported by the area's strong economic fundamentals and proximity to downtown Chattanooga.
This ZIP is ideal for young professionals, outdoor enthusiasts, and families seeking historic charm with quick access to downtown employment hubs.
Median prices moved down 7.6% 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 97.37% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 14.5% · poverty 28.2% — 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 11.5%/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 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 37409, 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 trends in the St. Elmo and Lookout Valley areas of 37409 are generally consistent with urban Chattanooga, with property crime being the primary concern compared to regional averages.
Schools serving the area are part of the Hamilton County School District, with local institutions like St. Elmo Elementary receiving mixed performance ratings.
The area faces moderate flood risk in low-lying sections near the Tennessee River and Lookout Creek, with insurance premiums reflecting regional climate exposure.
Economic momentum is driven by proximity to downtown Chattanooga and the revitalization of the St. Elmo historic district, attracting professional residents and small business investment.
Property taxes are assessed by Hamilton County and the City of Chattanooga, with rates determined by the combined municipal and county millage; no state income tax applies to individuals.
Residents enjoy a direct commute to downtown Chattanooga via St. Elmo Avenue and Broad Street, typically taking 10-15 minutes by car.
The ZIP features immediate access to the Lookout Mountain trails, the Tennessee Riverwalk, and the historic St. Elmo shopping and dining district.
The rental market is tight with high demand for historic homes and apartments, driven by proximity to the city center and limited inventory.
The economy is anchored by Chattanooga's diverse mix of manufacturing, healthcare, and the growing tech sector, supported by the city's high-speed fiber infrastructure.
The area is served by CARTA bus routes and major corridors including Broad Street and I-24, providing connectivity to the broader metro area.
Development is focused on urban infill and the preservation of historic character, with strict zoning in the St. Elmo area.
The Hamilton County Assessor of Property manages assessments, with reappraisals occurring on a multi-year cycle.
Parcels are subject to Hamilton County and City of Chattanooga taxes, with specific utility districts for water and sewer services.
Property insurance premiums are influenced by regional flood risk and the age of housing stock in historic districts.
Tennessee continues to see net positive domestic migration, with Chattanooga serving as a primary destination for remote workers.
Tennessee is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults.
Sellers are required to provide a residential property condition disclosure form to buyers.
Data retrieved from data.census.gov ZCTA 37409 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 Park4.15.4 mi
- Creative Discovery Museum4.73.8 mi
- Dave & Buster’s Chattanooga4.410.3 mi
- Spare Time Chattanooga4.46.7 mi
- Urban Air Trampoline and Adventure Park4.310.7 mi
- Chattanooga Convention Center4.63.1 mi
- Feed Table and Tavern4.62.9 mi
- Soldiers and Sailors Memorial Auditorium4.63.7 mi
- Golden Corral Buffet & Grill4.45.8 mi
- Topgolf Chattanooga4.37.6 mi
- Tennessee Aquarium4.74 mi
- Chattanooga Zoo4.44.2 mi
- Ruby Falls4.61.2 mi
- Lookout Mountain Incline Railway4.40.7 mi
- Coolidge Park4.74.4 mi
- Tennessee Valley Railroad Museum4.88.7 mi
- Ruby Falls4.61.2 mi
- Creative Discovery Museum4.73.8 mi
- Chattanooga Choo Choo Historic District4.43 mi
- Hunter Museum of American Art4.74.1 mi
- Rock City Gardens4.72.1 mi
- Ruby Falls4.61.2 mi
- Coolidge Park4.74.4 mi
- Lula Lake Land Trust4.76.3 mi
- Chickamauga Battlefield Visitor Center4.86.1 mi
- Hales Bar Marina & Resort411.7 mi
- Island Cove Marina & Resort4.515.2 mi
- Harbor Lights Marina4.419 mi
- Lakeshore Marina4.210.1 mi
- Island Cove Marina4.515 mi
- Topgolf Chattanooga4.37.6 mi
- Moccasin Bend Golf Course43 mi
- Brown Acres Golf Course3.77.9 mi
- Black Creek Club4.83.9 mi
- Chattanooga Golf and Country Club4.55.6 mi
- Hamilton Place4.310.3 mi
- Publix Super Market on North Market Street4.64.7 mi
- Publix Super Market at Village at Waterside4.711 mi
- Publix Super Market at Mount Vernon Point4.61.1 mi
- Northgate Mall410.4 mi
- Chattanooga Metropolitan Airport4.48.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features local shops, cafes, and historic architecture.
Iconic tourist attraction located at the base of the mountain.
Extensive trail system for walking and cycling along the river.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.