Similar to its nearby areas, it's a bit less expensive compared to the country as a whole. Compared to the city of Huntsville, it's somewhat less expensive.
Home prices
The cost of the median home in Chattanooga is $167,500. This is about $2,740 (1%) higher in comparison to its surrounding areas.In comparison to the entire nation it is about $50,000 (22%) lower, and it is about $15,400 (8%) lower compared to the city of Huntsville.
Rents
Chattanooga's median rent is $859 per month. This is about $40 (4%) lower compared to its nearby areas.It is approximately $203 (19%) lower compared to the US as a whole, and it is about $32 (3%) higher in comparison to the city of Huntsville.
Nearby places
Ridgeside
Ridgeside is Chattanooga's neighbor to the south. The real estate prices there are a lot more expensive. Ridgeside's median home price is $311,400, which works out to $143,900 (46%) higher than Chattanooga. Rents there are a little more expensive. Ridgeside's median monthly rent is $1,177, which is $318 (27%) higher than Chattanooga.
Red Bank
Red Bank is Chattanooga's neighbor to the northwest. Its real estate prices are a bit less expensive. The price of the median home in Red Bank is $148,900, which comes out to $18,600 (12%) lower than Chattanooga. Rents there are a bit less expensive. Red Bank's median rent is $773 per month, which is $86 (11%) lower than Chattanooga.
East Ridge
East Ridge is Chattanooga's neighbor to the south. Real estate prices there are a bit less expensive. The median home price in East Ridge is $130,400, which comes out to $37,100 (28%) lower than Chattanooga. The rent there is similar. East Ridge's median rent is $848 per month, which is $11 (1%) lower than Chattanooga.
Lakeview
Lakeview is Chattanooga's neighbor to the south. Its real estate prices are substantially less expensive. The median home in Lakeview costs $81,100, which works out to $86,400 (106%) lower than Chattanooga. The rent there is somewhat more expensive. Lakeview's median monthly rent is $913, which works out to $54 (5%) higher than Chattanooga.
Harrison
Harrison is Chattanooga's neighbor to the northeast. The real estate prices there are a bit less expensive. The price of the median home in Harrison is $152,000, which works out to $15,500 (10%) lower than Chattanooga. Rent there is a bit less expensive. The median monthly rent in Harrison is $785, which comes out to $74 (9%) lower than Chattanooga.
