Chattanooga Real Estate Market Overview
Average Monthly Rent:
$1,009
Percentage Change in Home Price/Value:
6.90%
Median Home Value:
$154,200
Best Time To Sell Home:
July
Affordability Index:
191.3
Days To Sell House:
65.292
Job Market:
Fair
Public School Ranking:
34
Location and Weather
Chattanooga is a ravishing city surrounded by rolling hills. It's located in the valley of southeastern Tennessee, between the Appalachian and the Cumberland mountain ranges. The city lies on both banks of the Tennessee River at Moccasin Bend.
The summers in Chattanooga are warm and humid, while the winters are short and cool. High temperatures are in the 80’s, with lows in the 70’s. Winter temperatures are in the mid-50’s, with lows in the 30’s. Fall and spring are known to be the most temperate and beautiful time of year.
Population, Job Market and Cost of Living
Chattanooga is the second fastest growing city in Tennessee, with a 2018 population of 180,557 and a growth rate of .93%. The job growth has increased by 2.74% over the last year and in ten years, is predicted to have increased by 44.47%. The largest industries are in health care, social assistance, retail trade and manufacturing.
The largest employers are Steward, the City of Chattanooga, and Unum. The cost of living is low, due to the real estate market and availability of homes and land. It is only 2 ½ hours from Nashville and less than 2 hours from Atlanta, which makes it close to major cities and airports.
The Chattanooga Aquarium and revitalized downtown area make it a tourist destination full of cobblestone streets and stately brick buildings. With its mild seasons, thriving downtown area, major attractions, and low cost of living, Chattanooga will continue to attract people looking to live in a city with beautiful mountainside views.
