Chattanooga, TN

Population: 167,674
Average annual home appreciation rate: 3.19%
Total of homes for sale in this market: 1,708
Median home price: $130,241
Median Rent: $589 per room
Home price range: 43.58% of homes are between $95,001 – $189,000
Median sales price: $113,250
Number of homes: 172
Median foreclosure sales price: $60,000
Foreclosure discount: 47%
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: 55.16%
Number people living below poverty level: 23.50%
Unemployment rate: 8.30%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Chattanooga area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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