Chattanooga, TN

Population: 167,674
Average annual home appreciation rate: -4.21%
Total of homes for sale in this market:
Median home price: $126,581
Median Rent: $550 per room
Home price range: 43.86% of homes are between $97,001 – $195,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 60.02% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 13.07%
Number of renters: 44.04%
Number of owner occupied: 55.16%
Number people living below poverty level: 22.90%
Unemployment rate: 9.90%
Is this area perfect for real estate deals going on right now? Statistically speaking, one can see that Chattanooga has been hit by a down trend in both the economy and the housing market overall. When one looks at the success of real estate investors, you will find that many of them have found their success when investing in properties in areas such as Chattanooga when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back. With low home prices, higher rents, and high percentage of vacant properties, there could be some great opportunity for the buy and hold investor.

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