Market Intelligence · TN / Chattanooga

Chattanooga, TN 37403 Housing Market

The typical home value in Chattanooga 37403 is $381,673, down 3.3% over the past year. The median list price stands at $386,250, with homes taking a median 120 days to sell.

Updated September 2026Median value$382K

The median home value in Chattanooga, TN 37403 is $382K as of September 2026, down 3.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 37403 range

$351K to $412K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-3.3% over 12 months

Sep 2025$395K

Low $382KHigh $396K

Sep 2026$382K

The numbers

What is the 37403 housing market like?

As of September 2026

Typical home value

$382K

3.3%YoY

Median list price

$386K

0.3%MoM

Days on market

120

26.3%MoM

Homes for sale

6.3%MoM

Price cuts

31.6%

10.5%MoM

New listings

0.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

37403 housing market forecast 2027

+0.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 37403 to rise 0.9% by September 2027.

Over the 12 months through September 2026, typical home values in 37403 fell 3.3%, per the Zillow Home Value Index.

Will home prices drop in 37403?

Zillow's forecast does not call for a drop: it expects typical home values in 37403 to rise 0.9% by September 2027, after a 3.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 37403 home prices compare?

37403$381,673
Chattanooga$325,510
Tennessee$265,881
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Chattanooga: 15 ZIPs; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

There are 51 homes for sale in this ZIP as of September 2026, with 8 new listings entering the market recently. The median time on market of 120 days signals a slower pace of sales, and nearly a third of listings, 31.6%, have already been reduced in price. The combination of declining home values and price cuts suggests this is a buyer-friendly market where negotiation leverage typically favors those making offers rather than those selling.

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Home price

Down payment20% · $76,335

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Common questions

What people ask us.

What is the typical home value in 37403?

The typical home value is $381,673, having declined 3.3% over the past year.

How long do homes take to sell in 37403?

The median days on market is 120 days as of September 2026.

How many homes are currently for sale?

There are 51 homes for sale, with 8 new listings recently added to the market.

Discover

Nearby ZIP markets.

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