Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Chattanooga, TN

Housing in Chattanooga, TN: Rent, Home Prices & Property Tax

$1,137/mo (1 bd) in Chattanooga. Median home $246,000. Property tax 0.60%.

Compare vs Chicago Rank metros from ChattanoogaHow we figure this

Rent (1 bd): $1,137; /mo
Buy: $1,592; Mortgage, tax, insurance
Buying costs more: $455; /mo

State tax and rent

To buy

20% down payment$49,200
Mortgage at 6.5%$1,244
Property tax (0.60% of value)$123/mo · $1,476/yr
Insurance and upkeep$226
Monthly total$1,592

42.6% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,568 left each month. About 20 months (1.7 years) to save $49,200.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

Moving from Chattanooga

Chattanooga → Nashville · $107 more

Compare Chattanooga