Chattanooga - TN housing market
The Chattanooga metro has a typical home value of $322,958, down 0.2% from a year ago. Homes sell in 31 days on average, a balanced market. 33% of listings have had a price cut. Data from Zillow Research, updated monthly.
Chattanooga housing market, October 2026
The typical Chattanooga home is worth $322,958 as of August 2026, down 0.2% from the prior month, down 0.8% over three months, and down 0.2% from a year ago. Over the past two years values have ranged from $322,957 to $325,841.
Homes are going pending in about 31 days, slower than the 22 days seen three months earlier. There are roughly 3,157 homes for sale, 19% more than a year ago. 33.1% of listings have taken a price cut (up from 30.0% three months ago).
Typical rent is $1,519 a month, up 1.7% year over year, which puts the price-to-rent ratio at 17.7.
At this week's 7.40% mortgage rate with 20% down ($64,592), the typical Chattanooga home costs about $2,193 a month including tax and insurance, which needs a household income of roughly $94,000 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($322,958) is the Zillow Home Value Index for the Chattanooga - TN metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 0.2% over the past year. A home worth $323,605 last year is now worth roughly $322,958.
The median sale price, what homes actually close for, is $327,220. Homes are selling at 97.8% of list price, meaning buyers have room to negotiate.
Homes listed in Chattanooga - TN sit on the market for roughly 31 days before going pending. Shorter = seller's market; longer = buyer's market.
About 33.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 784 new listings hit the market each month in Chattanooga - TN. There are currently 3,157 homes for sale, up 18.9% from a year ago.
The typical monthly rent in Chattanooga - TN is $1,519, up 1.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 17.7x, toss-up (#83 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,789 a month in principal and interest, $270 more than renting before taxes, insurance and upkeep. The two break even at a 5.82% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in TN
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Nashville - TN | $452,186 | -0.6% | 34.0d |
| Memphis - TN | $244,737 | +0.1% | 33.0d |
| Knoxville - TN | $364,988 | +2.0% | 22.0d |
| Clarksville - TN | $291,739 | +0.1% | 32.0d |
| Kingsport - TN | $246,243 | +1.3% | 20.0d |