Chattanooga - TN housing market
The Chattanooga metro has a typical home value of $318,922, down 0.3% from a year ago. Homes sell in 36 days on average, a balanced market. 34% of listings have had a price cut. Data from Zillow Research, updated monthly.
Chattanooga housing market, October 2026
The typical Chattanooga home is worth $318,922 as of September 2026, down 0.2% from the prior month, down 0.7% over three months, and down 0.3% from a year ago. Over the past two years values have ranged from $318,922 to $322,496.
Homes are going pending in about 36 days, slower than the 23 days seen three months earlier. There are roughly 3,136 homes for sale, 16% more than a year ago. 33.9% of listings have taken a price cut (up from 31.3% three months ago).
Typical rent is $1,508 a month, up 2.3% year over year, which puts the price-to-rent ratio at 17.6.
At this week's 7.40% mortgage rate with 20% down ($63,784), the typical Chattanooga home costs about $2,165 a month including tax and insurance, which needs a household income of roughly $92,800 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 ($318,922) 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 0.3% over the past year. A home worth $319,882 last year is now worth roughly $318,922.
The median sale price, what homes actually close for, is $324,577. Homes are selling at 97.6% of list price, meaning buyers have room to negotiate.
Homes listed in Chattanooga - TN sit on the market for roughly 36 days before going pending. Shorter = seller's market; longer = buyer's market.
About 33.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 723 new listings hit the market each month in Chattanooga - TN. There are currently 3,136 homes for sale, up 16.0% from a year ago.
The typical monthly rent in Chattanooga - TN is $1,509, up 2.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 17.6x, toss-up (#85 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,767 a month in principal and interest, $258 more than renting before taxes, insurance and upkeep. The two break even at a 5.87% 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 | $448,896 | -0.5% | 39.0d |
| Memphis - TN | $242,102 | +0.1% | 36.0d |
| Knoxville - TN | $363,018 | +1.9% | 25.0d |
| Clarksville - TN | $289,380 | +0.2% | 37.0d |
| Kingsport - TN | $242,853 | +1.1% | 26.0d |