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ZIP Code · TN

ZIP 37408

Pop. 3,502·Hamilton County·101st most expensive ZIP in Tennessee
Median rent (all units)
$1,474/mo
Year-over-Year
+1.9%
Month-over-Month
-2.7%
vs US Median
-$491
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 37408 · $1,474
More affordable than 75% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,450
1 BR
$1,510
2 BR
$1,660
3 BR
$2,070
4 BR+
$2,210
Research median
$1,660/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
$17,688/yr
At $1,474/mo median
Location
StateTN
CountyHamilton County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 1.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+1.9% YoY, -2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 37408 (Chattanooga, TN) is majority renter-occupied, skews toward younger working-age adults, 55.1% of residents hold a bachelor's degree or higher.

Population
3,502
Median income
$81,250
Median age
32.1
Renters
71.3%
Age distribution
19.5%
38.3%
20%
12.7%
Under 1819.5%
18–3438.3%
35–5420%
55–649.4%
65+12.7%
Gender
52.9%
47.1%
Male52.9%
Female47.1%
Race & ethnicity
59.9%
30.5%
White59.9%
Black30.5%
Hispanic6%
Asian0.7%
Other3%
Education (25+)
16.7%
21.3%
55.1%
No HS diploma6.9%
HS diploma16.7%
Some college21.3%
Bachelor's+55.1%
Housing tenure
28.7%
71.3%
Owner28.7%
Renter71.3%

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

2021 vs 2026

How ZIP 37408 in Chattanooga, TN has changed in 5 years

Income
$63,846 → $81,250
up 27.3%
Population
2,121 → 3,502
up 65.1%
Renter share
67% → 71.3%
+4.3 pts
Bachelor's+
55% → 55.1%
+0.1 pts
Median age
33.9 → 32.1
-1.8 yrs

Household income in the area moved from $63,846 to $81,250 across the same window, up 27.3% versus 2021. Headcount in the area went from 2,121 to 3,502 between 2021 and 2024, a 65.1% change. About 71.3% of households rent today, against 67% in 2021.

Community

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Local insights

Tips for renters in ZIP 37408

About renting in ZIP 37408

Last updated: July 20, 2026

ZIP code 37408 covers Chattanooga, TN. The median rent here is $1,474/mo as of July 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,660/mo.

At 22% of local median household income ($81,250/yr), ZIP 37408 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37408?

As of July 20, 2026, the median monthly rent in ZIP 37408 (Chattanooga, TN) is $1,474. This is based on aggregated data from public sources and community submissions.

How does ZIP 37408 rent compare to the US average?

ZIP 37408's median rent of $1,474/mo is $491 (25%) below the US national median of $1,965/mo.

How does ZIP 37408 compare to other ZIPs in Tennessee?

ZIP 37408 is among the more affordable ZIP codes in Tennessee, ranking #101 out of 145 ZIPs at $1,474/mo.

How much income do you need to rent in ZIP 37408?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (~$28/hour full-time) to afford the median rent of $1,474/mo in ZIP 37408. The local median household income is $81,250/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 37408?

Rent in ZIP 37408 has increased 1.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 37408 an affordable place to rent?

ZIP 37408 is considered very affordable for renters. At $1,474/mo, rent takes approximately 22% of the local median household income ($81,250/yr). The standard benchmark is 30%. ZIP 37408 falls comfortably within that range.

What percentage of ZIP 37408 residents rent vs. own?

According to Census data, approximately 71.3% of ZIP 37408 households are renters, while 28.7% are owner-occupied. With a majority renter population, ZIP 37408 has a strong rental market.

How does ZIP 37408 compare to the rest of Chattanooga?

ZIP 37408 is more affordable than Chattanooga overall. At $1,474/mo, it's $31 below the Chattanooga citywide median of $1,505/mo.

When was rent data for ZIP 37408 last updated?

Rent data for ZIP 37408 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,474/mo, rent takes ~22% of ZIP 37408's median household income ($81,250/yr). The standard benchmark is 30%.

ZIP 37408 22%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 37408 (Chattanooga, TN)

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