Chattanooga, TN Foreclosed Homes & Properties

Foreclosure Homes for Sale in Chattanooga, TN: Everything You Should Know

There are 182,799 residents in Chattanooga, making it the fourth-largest city in the state. The population density is 588.8 persons per square mile. The town's racial makeup is 58% White, 34.9% Black, 2% Asian, .4% American Indian, .1% Pacific Islander, 2.8% from other races, and 1.9% from two or more races. About 5.5% of the populous is from Hispanic or Latino origin.  There are about 70,749 households with an average household size of 2.26 persons and the average family size of 2.94. The median age is 38.1 years old. The income per capita is $23,756, the average household income is $35,817, and 16.5% of the population fall under the poverty line.  

Chattanooga Real Estate: Housing Availability 

The retirement community is quite large in this area, and there are many low-income and affordable housing developments that cater to this market.  Orange Grove, Jaycee Towers, and Eastwood Manor are some districts that offer additional amenities and services for seniors.  On the other side of the spectrum, the University of Tennessee in Chattanooga has a new housing complex at the West Campus with breathtaking views of the city, and houses hundreds of students. You will find a nice balance of young students and seasoned professionals living in harmony throughout Chattanooga. The average home price is $146,600, growing by 5.5% since last year. Rent goes for $1,262 a month on average. Apartment rentals average to $795 a month.  

The Local Cost of Living 

The overall cost of living in the city is 3% lower than the national average.  This is based on a variety of factors to include housing (2% higher), utilities (6% lower), and groceries (7% lower).  The combined sales tax is 9.25%, and the unemployment rate is 7.8% as of June 2020.

Getting Around in Chattanooga 

The public transportation system in Chattanooga offers free electric shuttle services that drop off passengers at various locations. However, the best way to get around in this city is via bike. Don't have a bike? Don't fret; this city also has a Chattanooga Bicycle Transit System with over 33 stations to rent a bike for the day. Taxis and shuttle buses are available and make it easy to get from the Chattanooga Metropolitan Airport to anywhere in the city. CARTA, the Chattanooga Area Regional Transportation Authority, has around 17 bus routes that can take passengers from the center of the city all the way to the Tennessee-Georgia border.