How much is a home worth in ZIP code 37404?

The typical home in 37404 is worth $264,383, based on the Zillow Home Value Index.

Are home values rising in 37404?

Home values in 37404 are up 0.3% over the past year, and up 4.9% a year over five years.

What is the typical rent in 37404?

A typical home in 37404 rents for about $1,553 a month, a gross rental yield of 7.0%.

What is the property tax rate in 37404?

The effective property tax rate in 37404 is 0.6% — roughly $1,544 a year on a typical home.

ZIP code 37404 has a population of 14,737 and a median household income of $56,637.

HousingHandbookReference data

…

U.S. ZIP Code · TN37404

Hamilton County · Chattanooga, TN-GA

Typical home value

$264,383^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.3%
5-year / yr: +4.9%
10-year / yr: +10.8%

Relative price

vs U.S.: -6.9%
vs metro: -12.0%
vs state: ≈ state median

Price history

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

The typical home in 37404 is worth $264,383 — 12.0% below the Chattanooga, TN-GA median. Over the past year, values have risen 0.3%. Homes here rent for a typical $1,553 a month — a 7.0% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent: $1,553^[2]
Gross yield: 7.0%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,544^[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: 14,737^[3]
Median household income: $56,637^[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

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 4
Middle: 2
High: 2

East Side Elementary School
Elementary · Grades K–5 · Hamilton County
542 students
Chattanooga Preparatory School
High · Grades 6–12 · Hamilton County
474 students
Chattanooga Charter School of Excellence
Elementary · Grades K–5 · Hamilton County
461 students
Orchard Knob Elementary School
Elementary · Grades PK–5 · Hamilton County
458 students
Chattanooga Girls Leadership Academy
High · Grades 6–12 · Hamilton County
337 students

Run the numbers

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

Home value$Monthly rent$

Gross yield7.0%

Net yield (after ~40% expenses)4.2%

Annual rent$18,633

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,337

Loan principal$211,507

Down payment$52,877

Total interest paid$269,765

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.09

Monthly cost to own$1,685

Monthly rent$1,553

Owning and renting are roughly even.

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: 10th percentile^[1]
Rental yield: 84th percentile^[2]
Property tax: 39th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for best 10-year appreciation in TNView list →

Frequently asked

How much is a home worth in ZIP code 37404?: The typical home in 37404 is worth $264,383, based on the Zillow Home Value Index.
Are home values rising in 37404?: Home values in 37404 are up 0.3% over the past year, and up 4.9% a year over five years.
What is the typical rent in 37404?: A typical home in 37404 rents for about $1,553 a month, a gross rental yield of 7.0%.
What is the property tax rate in 37404?: The effective property tax rate in 37404 is 0.6% — roughly $1,544 a year on a typical home.
Who lives in 37404?: ZIP code 37404 has a population of 14,737 and a median household income of $56,637.

#Comparable ZIPs

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

30707 vs 37404 →
Chickamauga, GA
Typical home
$265,537
Gross yield
—
37412 vs 37404 →
East Ridge, TN
Typical home
$259,954
Gross yield
6.3%
30742
Fort Oglethorpe, GA
Typical home
$258,226
Gross yield
5.4%
37327
Dunlap, TN
Typical home
$274,972
Gross yield
—
37347
Jasper, TN
Typical home
$275,183
Gross yield
—
30738
West Brow CDP, GA
Typical home
$282,867
Gross yield
—

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Pit ZIP 37404 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TN37404

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