ZIP Code · TN

ZIP 37402

Part of Chattanooga, TN

Pop. 3,953·Hamilton County·93rd most expensive ZIP in Tennessee

Median rent (all units)

$1,514/mo

Year-over-Year

+3.6%

Month-over-Month

+1.5%

vs US Median

-$418

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 37402 · $1,514

More affordable than 72% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 37402 is 1.8% below its high of $1,541 in January 2024, at $1,514 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37402 changed +3.6% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($24,214) is $605 a month. That is less than HUD's Fair Market Rent for a studio ($1,320).

Rank in Chattanooga

5th cheapest of 10 ZIP codes in Chattanooga.

Cheaper nearby

ZIP 37415, 6 miles away, rents for 13% less ($1,324/mo), about $2,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37402. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,168/yr

At $1,514/mo median

Location

CityChattanooga

StateTN

CountyHamilton County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 3.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+3.6% YoY, +1.5% 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

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

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About renting in ZIP 37402

Last updated: October 17, 2026

ZIP code 37402 covers Chattanooga, TN. The median rent here is $1,514/mo as of October 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,520/mo.

At 75% of local median household income ($24,214/yr), ZIP 37402 ranks as expensive compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.

FAQ

Frequently asked questions

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 $61,000/year (about $29/hour full-time) to afford the median rent of $1,514/mo in ZIP 37402. The local median household income is $24,214/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 37402?

Rent in ZIP 37402 has risen 3.6% over the past year as of September 2026. It sits 1.8% below its high of $1,541 in January 2024.

How does ZIP 37402 compare to other ZIPs in Tennessee?

ZIP 37402 is in the middle among Tennessee ZIP codes for rent, ranking #93 of 147 at $1,514/mo. Over the year to September 2026, rent in ZIP 37402 changed +3.6%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.