Market Intelligence · TN / Chattanooga

Chattanooga, TN 37407 Housing Market

The typical home value in Chattanooga's 37407 ZIP is $121,740, down 6.9% over the past year. Homes are currently listed at a median of $221,450 and spend a median of 88 days on market.

Updated September 2026Median value$122K

The median home value in Chattanooga, TN 37407 is $122K as of September 2026, down 6.9% 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 37407 range

$112K to $131K

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

-6.9% over 12 months

Sep 2025$131K

Low $122KHigh $132K

Sep 2026$122K

The numbers

What is the 37407 housing market like?

As of September 2026

Typical home value

$122K

6.9%YoY

Median list price

$221K

0.2%MoM

Days on market

5.4%MoM

Homes for sale

14.3%MoM

Price cuts

26.7%

19.8%MoM

New listings

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

The outlook

37407 housing market forecast 2027

+0.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 37407 to stay roughly flat by September 2027 (up 0.4%).

Over the 12 months through September 2026, typical home values in 37407 fell 6.9%, per the Zillow Home Value Index.

Will home prices drop in 37407?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 37407 to stay roughly flat by September 2027 (up 0.4%), after a 6.9% 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 37407 home prices compare?

37407$121,740
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

The 37407 market is moving slowly. With 16 homes for sale and only 6 new listings in September 2026, supply remains constrained. However, inventory turnover is sluggish, as reflected in the 88-day median days on market. The concerning signal is that 26.7% of listings have already taken price cuts, despite the constrained supply. For sellers, this combination suggests you should price carefully from the start and be realistic about current buyer demand.

Monthly payment

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Home price

Down payment20% · $24,348

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Common questions

What people ask us.

What is the typical home value in 37407?

The typical home value is $121,740, which represents a decline of 6.9% over the past year.

How long do homes typically stay on the market here?

Homes in 37407 spend a median of 88 days on market as of September 2026.

How many homes are currently for sale in this ZIP?

There are 16 homes for sale as of September 2026, with 6 new listings that month.

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