Auctions in Chattanooga, TN

Current Market Conditions in Chattanooga, TN

Chattanooga's real estate market remains robust, with an increasing interest from both local buyers and out-of-state investors. The current trend shows more families moving into the area, attracted by its affordable housing and quality of life. Homes are selling quickly, often above the asking price, indicating a competitive market environment.

The city’s real estate market has seen a consistent increase in property values, which have risen approximately 10% over the last year. This year-over-year growth suggests a healthy demand, driven by the city's appealing lifestyle and economic opportunities.

Rent Prices In Chattanooga, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chattanooga, TN, is on a rollercoaster ride. The average rent price in Chattanooga, TN, is $1,322.00. Indeed, when looking to rent in Chattanooga, TN, you can expect to pay as little as $440.00 or as much as $3,060.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Chattanooga, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.