The story of this market
The typical home in ZIP 37408 sells for about $465,000, or $295 per square foot.
Prices are up +5.4% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,414 a month.
ZIP 37408 — Chattanooga
The 37408 housing market is characterized by strong demand and rising prices, driven by its central location and ongoing urban revitalization. While inventory remains tight, the area continues to attract young professionals and investors, keeping the market competitive compared to broader regional trends.
This ZIP is ideal for young professionals, urban-focused commuters, and investors seeking proximity to Chattanooga's revitalized downtown core.
Median prices moved up 5.4% year over year.
Homes spend a median of 48 days on market with 3.5 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 11.3% — a stable, low-distress profile.
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 10.8%/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 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 37408, 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.
The area is experiencing significant urban infill and redevelopment, particularly near the Southside district, with proximity to major Chattanooga employment hubs.
Property taxes are assessed by Hamilton County based on a state-mandated appraisal cycle; special districts may apply for municipal services and infrastructure maintenance.
The ZIP offers excellent proximity to downtown Chattanooga, with most residents enjoying short commutes via major corridors like I-24 and US-27.
The area features access to the Southside's vibrant dining and shopping scene, proximity to the Tennessee Riverwalk, and various urban parks.
The rental market is active with a mix of historic conversions and new construction, reflecting high demand from young professionals and urban dwellers.
The local economy is anchored by Chattanooga's diverse mix of manufacturing, healthcare, and technology sectors, with significant momentum in the downtown core.
The area is well-served by major highway interchanges including I-24 and I-75, facilitating regional access.
Development is focused on high-density residential and mixed-use projects aimed at revitalizing the urban core.
Hamilton County utilizes a cyclical reappraisal program to ensure property assessments align with market values.
Parcels are subject to Hamilton County and Chattanooga municipal tax levies, with potential for specific utility district assessments.
Property insurance premiums are influenced by regional weather patterns and proximity to the Tennessee River flood zones.
Data retrieved from data.census.gov ZCTA-level tables.
- Lake Winnepesaukah Amusement Park4.15.1 mi
- Creative Discovery Museum4.71.7 mi
- Dave & Buster’s Chattanooga4.48.6 mi
- Spare Time Chattanooga4.45.4 mi
- Urban Air Trampoline and Adventure Park4.39.1 mi
- Chattanooga Convention Center4.60.9 mi
- Feed Table and Tavern4.60.6 mi
- Soldiers and Sailors Memorial Auditorium4.61.4 mi
- Golden Corral Buffet & Grill4.46.1 mi
- Topgolf Chattanooga4.36.5 mi
- Tennessee Aquarium4.71.9 mi
- Chattanooga Zoo4.41.9 mi
- Ruby Falls4.61.7 mi
- Lookout Mountain Incline Railway4.41.6 mi
- Coolidge Park4.72.2 mi
- Tennessee Valley Railroad Museum4.86.5 mi
- Ruby Falls4.61.7 mi
- Creative Discovery Museum4.71.7 mi
- Chattanooga Choo Choo Historic District4.40.7 mi
- Hunter Museum of American Art4.71.9 mi
- Rock City Gardens4.74.4 mi
- Ruby Falls4.61.7 mi
- Coolidge Park4.72.2 mi
- Lula Lake Land Trust4.78.6 mi
- Chickamauga Battlefield Visitor Center4.86.7 mi
- Hales Bar Marina & Resort412.8 mi
- Harbor Lights Marina4.416.7 mi
- Island Cove Marina & Resort4.513 mi
- Lakeshore Marina4.27.7 mi
- Island Cove Marina4.512.7 mi
- Topgolf Chattanooga4.36.5 mi
- Moccasin Bend Golf Course41.7 mi
- Brown Acres Golf Course3.76.6 mi
- Black Creek Club4.85.2 mi
- Chattanooga Golf and Country Club4.53.3 mi
- Hamilton Place4.38.6 mi
- Publix Super Market on North Market Street4.62.5 mi
- Publix Super Market at Village at Waterside4.79.2 mi
- Northgate Mall48.1 mi
- Publix Super Market at Mount Vernon Point4.61.3 mi
- Chattanooga Metropolitan Airport4.46.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major hub for local restaurants, breweries, and boutique retail.
Extensive riverfront trail system providing recreation and connectivity.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.