Chattanooga, TN Real Estate
According to census data in the year 2000 there were 72,107 housing units in Chattanooga.
This represents a 3.6% growth from 69,601 in 1990.
Of those housing units, 71,532 were located in either urbanized areas or urban clusters, and 575 were located in what is classified as a rural area.
Homeownership rate in Chattanooga is about 54.9%.
Chattanooga's vacancy rate, including seasonal lodging, is about 9.1%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Chattanooga were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 14.90% |
| Two Bedrooms | 36.10% |
| Three Bedrooms | 34.20% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $83,500 |
| Median Price asked for vacant units | $72,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $395 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.50% |
| Home Equity Loan | 5.40% |
| Simple Mortgage | 47.40% |
| Debt Free | 38.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
