Chatanooga, TN

Population: 167,674
Average annual home appreciation rate: 9.25%
Total of homes for sale in this market: 1,734
Median home price: $132,083
Median Rent: $597 per room
Home price range: 43.58% of homes are between $96,001 – $192,000
Median sales price: $139,900
Number of homes: 66
Median foreclosure sales price: Gathering Data
Foreclosure discount: Gathering Data
Most common home type: 59.86% of homes are Single Family Detached
Number of vacant homes: 13.01%
Number of renters: 44.84%
Number of owner occupied: 44.84%
Number people living below poverty level: 23.50%
Unemployment rate: 5.40%
Is this area perfect for real estate deals going on right now? Chatanooga has been a proven performer for decades past. The market is shifting downward which could lead to lower home prices and opportunities to get into properties before the market rebounds. Home prices are low, rents are higher, and there are many “zombie” properties on the market owned by motivated sellers.

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