ZIP Code · TN

ZIP 37408

Part of Chattanooga, TN

Pop. 3,502·Hamilton County·112th most expensive ZIP in Tennessee

Median rent (all units)

$1,388/mo

Year-over-Year

+11.8%

Month-over-Month

+1.2%

vs US Median

-$544

Reported rents

Rising (Monthly)

Be the first to discuss 37408 rents ↓

Most AffordableMost Expensive

ZIP 37408 · $1,388

More affordable than 81% 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

$1,139

1 BR

$1,186

2 BR

$1,304

3 BR

$1,626

4 BR+

$1,736

Research median

$1,304/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 37408 is at its highest level since Zillow's records here began in March 2023.

Past year vs. the rest of Tennessee

Rent in ZIP 37408 changed +11.8% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($81,250) is $2,031 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,660); a 3-bedroom is $2,070.

Rank in Chattanooga

2nd cheapest of 10 ZIP codes in Chattanooga.

From Zillow's monthly rent index (ZORI) for ZIP 37408. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,656/yr

At $1,388/mo median

Location

CityChattanooga

StateTN

CountyHamilton County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 11.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+11.8% YoY, +1.2% 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

Discussions about ZIP 37408

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 37408

About renting in ZIP 37408

Last updated: October 17, 2026

ZIP code 37408 covers Chattanooga, TN. The median rent here is $1,388/mo as of October 2026. A 1-bedroom rents for a median of $1,186/mo. A 2-bedroom rents for a median of $1,304/mo.

At 20% of local median household income ($81,250/yr), ZIP 37408 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.8% over the past year.

FAQ

Frequently asked questions

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 $56,000/year (about $27/hour full-time) to afford the median rent of $1,388/mo in ZIP 37408. The local median household income is $81,250/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 37408?

Rent in ZIP 37408 has risen 11.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2023.

How does ZIP 37408 compare to other ZIPs in Tennessee?

ZIP 37408 is one of the more affordable among Tennessee ZIP codes for rent, ranking #112 of 147 at $1,388/mo. Over the year to September 2026, rent in ZIP 37408 changed +11.8%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.