Property Prices in Chattanooga, TN, United States

Index Info
Price to Income Ratio: 2.53
Mortgage as Percentage of Income: 18.36%
Loan Affordability Index: 5.45
Price to Rent Ratio - City Centre: 8.20
Price to Rent Ratio - Outside of Centre: 5.07
Gross Rental Yield (City Centre): 12.19%
Gross Rental Yield (Outside of Centre): 19.73%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,162.50 $ 1,000.00-1,300.00
Apartment (1 bedroom) Outside of Centre 864.38 $ 800.00-1,069.00
Apartment (3 bedrooms) in City Centre 1,837.50 $ 1,500.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,318.75 $ 1,000.00-1,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 182.65 $ 137.20-244.27
Price per Square Feet to Buy Apartment Outside of Centre 82.73 $ 59.82-100.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,819.28 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.96 3.50-4.27

These data are based on 109 entries in the past 18 months from 29 different contributors.
Last update: June 2021

Sources and References
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