Market Intelligence · TN / Chattanooga

Chattanooga, TN 37406 Housing Market

The typical home value in Chattanooga's 37406 ZIP is $178,108, down 2.0% over the past year. The median list price sits at $213,700, with homes spending a median of 55 days on the market as of September 2026.

Updated September 2026Median value$178K

The median home value in Chattanooga, TN 37406 is $178K as of September 2026, down 2.0% 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 37406 range

$164K to $192K

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

-2.0% over 12 months

Sep 2025$182K

Low $178KHigh $183K

Sep 2026$178K

The numbers

What is the 37406 housing market like?

As of September 2026

Typical home value

$178K

2.0%YoY

Median list price

$214K

14.5%MoM

Days on market

16.7%MoM

Homes for sale

5.9%MoM

Price cuts

28.4%

1.5%MoM

New listings

33.3%MoM

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

The outlook

37406 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 37406 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 37406 fell 2.0%, per the Zillow Home Value Index.

Will home prices drop in 37406?

Zillow's forecast does not call for a drop: it expects typical home values in 37406 to rise 1.1% by September 2027, after a 2.0% 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 37406 home prices compare?

37406$178,108
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 72 homes currently for sale in 37406, with 16 new listings added in September 2026. The median time homes spend listed is 55 days, suggesting moderate buyer interest but no rush to close. Nearly 28.4% of active listings have seen price cuts, indicating sellers are adjusting to current conditions. Values have declined over the past year, which reflects a market that has cooled from prior peaks. If you're considering selling, expect a measured pace and competitive conditions.

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Down payment20% · $35,622

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Common questions

What people ask us.

What is a typical home value in Chattanooga 37406?

The typical home value is $178,108, down 2.0% over the past year as of September 2026.

How long do homes typically stay on the market in 37406?

The median days on market is 55 as of September 2026.

What share of homes have price reductions?

About 28.4% of listings in the area have seen a price cut as of September 2026.

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