Provisional grade — derived from this report's measured data points; the county detector suite has not measured this geography yet. The measured ARED Score replaces it on the suite's next run.
ZIP 37406 — Chattanooga
The 37406 housing market is currently experiencing a period of price correction, with median sale prices showing a year-over-year decline. While inventory remains tight, the market is characterized by a high share of renters and significant affordability challenges, reflecting broader economic trends in the urban core of Chattanooga.
This ZIP is primarily suited for budget-conscious buyers and investors looking for entry-level housing opportunities near the urban core, as well as renters seeking proximity to local employment hubs.
Median prices moved down 5.8% year over year.
Homes spend a median of 58 days on market with 1.5 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 97.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.2% · poverty 30.4% — 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 11.8%/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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 37406, Hamilton County TN
Crime rates in the 37406 area are higher than the national average, with property and violent crime being primary concerns for residents compared to safer suburban sectors of Hamilton County.
Public schools in this ZIP are part of the Hamilton County School District, which faces ongoing challenges with academic performance and resource allocation across its urban core campuses.
The area is subject to standard regional risks including potential for severe thunderstorms and localized flooding in low-lying areas near the Tennessee River tributaries.
Economic momentum is driven by proximity to the Chattanooga State Community College campus and industrial corridors along the river, though residential development remains modest compared to the city's northern growth zones.
Property taxes are assessed by Hamilton County and the City of Chattanooga; the area is subject to standard municipal and county levies without significant special district overlays.
Residents benefit from a short average commute of approximately 18.6 minutes, with direct access to major thoroughfares leading into downtown Chattanooga's employment core.
The area features local community parks and is within a short drive of the Tennessee River waterfront, offering access to trails and outdoor recreation facilities.
The rental market is characterized by high demand for affordable housing, with a significant share of the population being renters and limited new multi-family supply.
The local economy is anchored by education, manufacturing, and logistics, benefiting from the industrial base surrounding the Amnicola Highway corridor.
The area is served by a network of arterial roads providing connectivity to the broader Chattanooga transit system and regional highway access.
Development is focused on the revitalization of existing residential stock and infrastructure improvements near the Chattanooga State campus.
The Hamilton County Assessor of Property manages assessments, typically conducting reappraisals on a multi-year cycle to reflect market value changes.
Parcels are served by the Hamilton County School District and standard municipal utility districts.
Property insurance premiums are influenced by regional weather patterns and the age of the housing stock, with standard coverage available.
Data retrieved from Census Reporter and US Census Bureau ZCTA profiles.
Major regional anchor institution providing vocational and academic training.
Provides regional recreational access and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Forecasts are for speculation only and should not be used as a deciding factor in any transaction. Projections trend strictly from calculable historical values — the platform cannot predict market movements, market sentiment, or the market itself.
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Standard trend model — solid = measured history · dashed = projection anchored at each line's last measured point, following that series' trailing pace (CAGR capped ±12%/yr) or trailing mean · projections are estimates, not measured reads · every charted series runs the standard 5-year historical window with a 1-year forecast, trimmed from the full retained ledger — the forecast always extends into the future year (a lagging ledger bridges to it) and stops there on purpose: authoritative, not wizardry · every price line is county-assessed value from the district CAD — the tier's same-parcel assessment roll-up on the momentum tile, the assessed trajectory in raw dollar levels and as a YoY-chained index (base 100), and the month-over-month pace from nearby comparable sales pooled from the research track; a tier without comps yet keeps its pace story with the assessed trend. Inventory, liquidity, price-cut and foreclosure lines run on the platform's own measured series.
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Aggregate foreclosure counts for this geography — recorded notices, upcoming sales and distress weight against population. The filing-level ledger opens at Investor.
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