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ZIP Code · TN

ZIP 37402

Pop. 3,953·Hamilton County·108th most expensive ZIP in Tennessee
Median rent (all units)
$1,419/mo
Year-over-Year
-8.4%
Month-over-Month
-0.8%
vs US Median
-$546
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 37402 · $1,419
More affordable than 79% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,320
1 BR
$1,380
2 BR
$1,520
3 BR
$1,900
4 BR+
$2,030
Research median
$1,520/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,028/yr
At $1,419/mo median
Location
StateTN
CountyHamilton County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 8.4% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-8.4% YoY, -0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 37402 (Chattanooga, TN) is majority renter-occupied, has a large retiree population, has a median income below the national average, 32.1% of residents hold a bachelor's degree or higher.

Population
3,953
Median income
$24,214
Median age
46
Renters
95%
Age distribution
15.3%
26.6%
15.2%
18.5%
24.5%
Under 1815.3%
18–3426.6%
35–5415.2%
55–6418.5%
65+24.5%
Gender
57.8%
42.2%
Male57.8%
Female42.2%
Race & ethnicity
41.3%
53.9%
White41.3%
Black53.9%
Hispanic4%
Other0.9%
Education (25+)
13%
32%
22.8%
32.1%
No HS diploma13%
HS diploma32%
Some college22.8%
Bachelor's+32.1%
Housing tenure
95%
Owner5%
Renter95%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 37402 in Chattanooga, TN has changed in 5 years

Income
$20,691 → $24,214
up 17.0%
Population
4,293 → 3,953
down 7.9%
Renter share
94.4% → 95%
+0.6 pts
Bachelor's+
24.7% → 32.1%
+7.4 pts
Median age
36.5 → 46
+9.5 yrs

Local incomes tracked alongside that move, going from a median of $20,691 in 2021 to $24,214 more recently. The population has contracted by 7.9% since 2021, moving from about 4,293 residents to roughly 3,953. College-educated residents now make up 32.1% of adults here, versus 24.7% in 2021.

Community

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Local insights

Tips for renters in ZIP 37402

About renting in ZIP 37402

Last updated: July 20, 2026

ZIP code 37402 covers Chattanooga, TN. The median rent here is $1,419/mo as of July 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,520/mo.

At 70% of local median household income ($24,214/yr), ZIP 37402 ranks as expensive compared to the national benchmark of 30%. Rents have decreased 8.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37402?

As of July 20, 2026, the median monthly rent in ZIP 37402 (Chattanooga, TN) is $1,419. This is based on aggregated data from public sources and community submissions.

How does ZIP 37402 rent compare to the US average?

ZIP 37402's median rent of $1,419/mo is $546 (28%) below the US national median of $1,965/mo.

How does ZIP 37402 compare to other ZIPs in Tennessee?

ZIP 37402 is among the more affordable ZIP codes in Tennessee, ranking #108 out of 145 ZIPs at $1,419/mo.

How much income do you need to rent in ZIP 37402?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,419/mo in ZIP 37402. The local median household income is $24,214/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 37402?

Rent in ZIP 37402 has decreased 8.4% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 37402 an affordable place to rent?

ZIP 37402 is considered expensive for renters. At $1,419/mo, rent takes approximately 70% of the local median household income ($24,214/yr). The standard benchmark is 30%. ZIP 37402 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 37402 residents rent vs. own?

According to Census data, approximately 95% of ZIP 37402 households are renters, while 5% are owner-occupied. With a majority renter population, ZIP 37402 has a strong rental market.

How does ZIP 37402 compare to the rest of Chattanooga?

ZIP 37402 is more affordable than Chattanooga overall. At $1,419/mo, it's $86 below the Chattanooga citywide median of $1,505/mo.

When was rent data for ZIP 37402 last updated?

Rent data for ZIP 37402 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
70%
EXPENSIVE

At $1,419/mo, rent takes ~70% of ZIP 37402's median household income ($24,214/yr). The standard benchmark is 30%.

ZIP 37402 70%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 37402 (Chattanooga, TN)

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