ZIP Code · TN

ZIP 37406

Part of Chattanooga, TN

Pop. 13,364·Hamilton County·74th most expensive ZIP in Tennessee

Median rent (all units)

$1,579/mo

Year-over-Year

+2.4%

Month-over-Month

-1.5%

vs US Median

-$353

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 37406 · $1,579

More affordable than 67% 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

$1,050

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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Tennessee

Rent in ZIP 37406 changed +2.4% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($44,850) is $1,121 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,090); a 2-bedroom is $1,200.

Rank in Chattanooga

9th cheapest of 10 ZIP codes in Chattanooga.

Cheaper nearby

ZIP 37416, 4 miles away, rents for 15% less ($1,335/mo), about $2,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37406. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,948/yr

At $1,579/mo median

Location

CityChattanooga

StateTN

CountyHamilton County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+2.4% YoY, -1.5% 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

Discussions about ZIP 37406

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Local insights

Tips for renters in ZIP 37406

About renting in ZIP 37406

Last updated: October 17, 2026

ZIP code 37406 covers Chattanooga, TN. The median rent here is $1,579/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,200/mo.

At 42% of local median household income ($44,850/yr), ZIP 37406 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

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 $63,000/year (about $30/hour full-time) to afford the median rent of $1,579/mo in ZIP 37406. The local median household income is $44,850/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 37406?

Rent in ZIP 37406 has risen 2.4% over the past year.

How does ZIP 37406 compare to other ZIPs in Tennessee?

ZIP 37406 is in the middle among Tennessee ZIP codes for rent, ranking #74 of 147 at $1,579/mo. Over the year to September 2026, rent in ZIP 37406 changed +2.4%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.