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ZIP Code · TN

ZIP 37406

Pop. 13,364·Hamilton County·61st most expensive ZIP in Tennessee
Median rent (all units)
$1,688/mo
Year-over-Year
+22.6%
Month-over-Month
+1.3%
vs US Median
-$277
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 37406 · $1,688
More affordable than 60% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,050
1 BR
$1,090
2 BR
$1,200
3 BR
$1,500
4 BR+
$1,600
Research median
$1,200/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
$20,256/yr
At $1,688/mo median
Location
StateTN
CountyHamilton County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 22.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+22.6% YoY, +1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 37406 (Chattanooga, TN) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 18.5% of residents hold a bachelor's degree or higher.

Population
13,364
Median income
$44,850
Median age
35.9
Renters
52.8%
Age distribution
26.3%
21.2%
24.5%
16.9%
Under 1826.3%
18–3421.2%
35–5424.5%
55–6411.1%
65+16.9%
Gender
51.4%
48.6%
Male51.4%
Female48.6%
Race & ethnicity
23.4%
65.9%
White23.4%
Black65.9%
Hispanic5.9%
Asian1.3%
Other3.4%
Education (25+)
12.3%
42.8%
26.5%
18.5%
No HS diploma12.3%
HS diploma42.8%
Some college26.5%
Bachelor's+18.5%
Housing tenure
47.2%
52.8%
Owner47.2%
Renter52.8%

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

2021 vs 2026

How ZIP 37406 in Chattanooga, TN has changed in 5 years

Income
$33,370 → $44,850
up 34.4%
Population
13,243 → 13,364
up 0.9%
Renter share
53.8% → 52.8%
-1.0 pts
Bachelor's+
14.9% → 18.5%
+3.6 pts

Local incomes tracked alongside that move, going from a median of $33,370 in 2021 to $44,850 more recently. Bachelor's-degree-or-higher attainment moved from 14.9% to 18.5% across the same window.

Community

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Local insights

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About renting in ZIP 37406

Last updated: July 20, 2026

ZIP code 37406 covers Chattanooga, TN. The median rent here is $1,688/mo as of July 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,200/mo.

At 45% of local median household income ($44,850/yr), ZIP 37406 ranks as moderate compared to the national benchmark of 30%. Rents have increased 22.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37406?

As of July 20, 2026, the median monthly rent in ZIP 37406 (Chattanooga, TN) is $1,688. This is based on aggregated data from public sources and community submissions.

How does ZIP 37406 rent compare to the US average?

ZIP 37406's median rent of $1,688/mo is $277 (14%) below the US national median of $1,965/mo.

How does ZIP 37406 compare to other ZIPs in Tennessee?

ZIP 37406 falls in the middle range for Tennessee, ranking #61 out of 145 ZIPs at $1,688/mo.

How much income do you need to rent in ZIP 37406?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,688/mo in ZIP 37406. The local median household income is $44,850/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 37406?

Rent in ZIP 37406 has increased 22.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 37406 an affordable place to rent?

ZIP 37406 is considered stretched for renters. At $1,688/mo, rent takes approximately 45% of the local median household income ($44,850/yr). The standard benchmark is 30%. ZIP 37406 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 37406 residents rent vs. own?

According to Census data, approximately 52.8% of ZIP 37406 households are renters, while 47.2% are owner-occupied. With a majority renter population, ZIP 37406 has a strong rental market.

How does ZIP 37406 compare to the rest of Chattanooga?

ZIP 37406 is pricier than Chattanooga as a whole. At $1,688/mo, it's $183 above the Chattanooga citywide median of $1,505/mo.

When was rent data for ZIP 37406 last updated?

Rent data for ZIP 37406 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
45%
STRETCHED

At $1,688/mo, rent takes ~45% of ZIP 37406's median household income ($44,850/yr). The standard benchmark is 30%.

ZIP 37406 45%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 37406 (Chattanooga, TN)

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