HousingHandbookReference data

U.S. ZIP Code · TN37402

Hamilton County · Chattanooga, TN-GA

Typical home value

$450,940[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.3%
5-year / yr
+5.1%
10-year / yr
+5.5%

Relative price

vs U.S.
+58.7%
vs metro
+50.0%
vs state
+70.3%
ZIP 37402 location in TN
Location of ZIP 37402 in TN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 37402 is worth $450,940 — 50.0% above the Chattanooga, TN-GA median. Over the past year, values have fallen 2.3%. Homes here rent for a typical $1,449 a month — a 3.9% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,449[2]
Gross yield
3.9%[2]
Cap rate
2.3%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.9%[3]
Typical annual tax
$3,973[3]

#Climate risk

FEMA National Risk Index ratings for Hamilton County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Relatively Low
Tornado
Relatively High
Earthquake
Relatively Moderate
Winter weather
Relatively High

#Who lives here

Population
3,953[3]
Median household income
$24,214[3]

#Migration

Household moves in and out of Hamilton County over a year, from IRS tax-return data.

Net migration
+1,834[5]
Moved in
10,809
Moved out
8,975

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield3.9%
Net yield (after ~40% expenses)2.3%
Annual rent$17,388

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,280
Loan principal$360,752
Down payment$90,188
Total interest paid$460,119

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio2.06
Monthly cost to own$2,987
Monthly rent$1,449

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
12th percentile[1]
Rental yield
0th percentile[2]
Property tax
98th percentile[3]

Frequently asked

How much is a home worth in ZIP code 37402?
The typical home in 37402 is worth $450,940, based on the Zillow Home Value Index.
Are home values rising in 37402?
Home values in 37402 are down 2.3% over the past year, and up 5.1% a year over five years.
What is the typical rent in 37402?
A typical home in 37402 rents for about $1,449 a month, a gross rental yield of 3.9%.
What is the property tax rate in 37402?
The effective property tax rate in 37402 is 0.9% — roughly $3,973 a year on a typical home.
Who lives in 37402?
ZIP code 37402 has a population of 3,953 and a median household income of $24,214.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Chattanooga, TN

    Typical home
    $448,425
    Gross yield
    4.2%
  • Collegedale, TN

    Typical home
    $445,333
    Gross yield
    5.3%
  • Lookout Mountain, GA

    Typical home
    $469,825
    Gross yield
  • Chattanooga, TN

    Typical home
    $414,100
    Gross yield
    4.4%
  • Chattanooga, TN

    Typical home
    $393,745
    Gross yield
    4.9%
  • Chattanooga, TN

    Typical home
    $392,703
    Gross yield
    6.0%

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