Property Prices in Chattanooga, TN, United States

Index Info
Price to Income Ratio: 2.54
Mortgage as Percentage of Income: 18.39%
Loan Affordability Index: 5.44
Price to Rent Ratio - City Centre: 7.85
Price to Rent Ratio - Outside of Centre: 4.86
Gross Rental Yield (City Centre): 12.73%
Gross Rental Yield (Outside of Centre): 20.60%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,166.67 $ 1,000.00-1,250.00
Apartment (1 bedroom) Outside of Centre 899.90 $ 800.00-1,105.00
Apartment (3 bedrooms) in City Centre 2,022.22 $ 1,600.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,382.73 $ 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) 2,815.77 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.96 3.50-4.27

These data are based on 122 entries in the past 18 months from 30 different contributors.
Last update: January 2021

Sources and References
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