Chattanooga, TN 37340 housing market

What this means

• Prices. Home values are down 5.2% over the past year (U.S.: +1.2%), 8% below their 2022-23 peak.
• Supply. There are 425% more homes for sale than the 2017-19 norm and rising (+133% vs. a year ago), so buyers have more to choose from than before the pandemic.
• Negotiating. Buyer leverage is high (86/100; U.S.: 54): homes sell for about 4.8% below their final list price (as of Jun 2026); 0% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 105% of the median household income (U.S.: 35%); it takes about $45k a year to keep the payment at 30% of gross pay. That includes about $1,470 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $201 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. No clear direction: likely −9% to +7% over the next 12 months (49% chance of a rise).

Next 12 months

No clear direction

A fall is somewhat more likely than a rise, but not by enough to call. Likely change: −9.3% to +7.0% (80% range; middle estimate 0.0%), chance of a rise 49%, of a 5%+ drop 22%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Other ZIP codes in Marion County, TN