How much is a home worth in ZIP code 37421?

The typical home in 37421 is worth $364,887, based on the Zillow Home Value Index.

Are home values rising in 37421?

Home values in 37421 are down 0.6% over the past year, and up 5.9% a year over five years.

What is the typical rent in 37421?

A typical home in 37421 rents for about $1,503 a month, a gross rental yield of 4.9%.

What is the property tax rate in 37421?

The effective property tax rate in 37421 is 0.7% — roughly $2,446 a year on a typical home.

ZIP code 37421 has a population of 52,985 and a median household income of $82,517.

HousingHandbookReference data

…

U.S. ZIP Code · TN37421

Hamilton County · Chattanooga, TN-GA

Typical home value

$364,887^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.6%
5-year / yr: +5.9%
10-year / yr: +6.5%

Relative price

vs U.S.: +28.5%
vs metro: +21.4%
vs state: +37.8%

Price history

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

The typical home in 37421 is worth $364,887 — 21.4% above the Chattanooga, TN-GA median. Over the past year, values have fallen 0.6%. Homes here rent for a typical $1,503 a month — a 4.9% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,503^[2]
Gross yield: 4.9%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,446^[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: 52,985^[3]
Median household income: $82,517^[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: 6
Elementary: 3
Middle: 1
High: 1

East Brainerd Elementary School
Elementary · Grades PK–5 · Hamilton County
1,172 students
Westview Elementary School
Elementary · Grades PK–5 · Hamilton County
615 students
Tyner Academy
High · Grades 9–12 · Hamilton County
576 students
Bess T Shepherd Elementary School
Elementary · Grades PK–5 · Hamilton County
494 students
Tyner Middle Academy
Middle · Grades 6–8 · Hamilton County
380 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 yield4.9%

Net yield (after ~40% expenses)3.0%

Annual rent$18,040

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$1,845

Loan principal$291,909

Down payment$72,977

Total interest paid$372,314

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 ratio1.57

Monthly cost to own$2,353

Monthly rent$1,503

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: 31st percentile^[1]
Rental yield: 32nd percentile^[2]
Property tax: 51st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 37421?: The typical home in 37421 is worth $364,887, based on the Zillow Home Value Index.
Are home values rising in 37421?: Home values in 37421 are down 0.6% over the past year, and up 5.9% a year over five years.
What is the typical rent in 37421?: A typical home in 37421 rents for about $1,503 a month, a gross rental yield of 4.9%.
What is the property tax rate in 37421?: The effective property tax rate in 37421 is 0.7% — roughly $2,446 a year on a typical home.
Who lives in 37421?: ZIP code 37421 has a population of 52,985 and a median household income of $82,517.

#Comparable ZIPs

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

37356 vs 37421 →
Monteagle, TN
Typical home
$363,519
Gross yield
—
37343 vs 37421 →
Chattanooga, TN
Typical home
$367,696
Gross yield
5.5%
37379
Mowbray Mountain CDP, TN
Typical home
$361,159
Gross yield
4.9%
37336
TN
Typical home
$377,959
Gross yield
—
37308
TN
Typical home
$350,469
Gross yield
—
37419
Chattanooga, TN
Typical home
$380,113
Gross yield
—

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#Jump to section

U.S. ZIP Code · TN37421

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