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ZIP Code · TN

ZIP 37416

Pop. 13,919·Hamilton County·118th most expensive ZIP in Tennessee
Median rent (all units)
$1,328/mo
Year-over-Year
-3.5%
Month-over-Month
+0.4%
vs US Median
-$637
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 37416 · $1,328
More affordable than 85% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,180
1 BR
$1,240
2 BR
$1,360
3 BR
$1,700
4 BR+
$1,810
Research median
$1,360/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
$15,936/yr
At $1,328/mo median
Location
StateTN
CountyHamilton County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 3.5% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-3.5% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 37416 (Chattanooga, TN) is majority owner-occupied, skews toward younger working-age adults, 34.2% of residents hold a bachelor's degree or higher.

Population
13,919
Median income
$70,705
Median age
39
Renters
39.7%
Age distribution
14.8%
30.8%
21.8%
13.2%
19.4%
Under 1814.8%
18–3430.8%
35–5421.8%
55–6413.2%
65+19.4%
Gender
47.3%
52.7%
Male47.3%
Female52.7%
Race & ethnicity
48.1%
42.3%
White48.1%
Black42.3%
Hispanic4.7%
Asian1.1%
Other3.8%
Education (25+)
25.4%
34.2%
34.2%
No HS diploma6.2%
HS diploma25.4%
Some college34.2%
Bachelor's+34.2%
Housing tenure
60.3%
39.7%
Owner60.3%
Renter39.7%

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

2021 vs 2026

How ZIP 37416 in Chattanooga, TN has changed in 5 years

Income
$52,354 → $70,705
up 35.1%
Population
14,742 → 13,919
down 5.6%
Renter share
41.2% → 39.7%
-1.5 pts
Bachelor's+
25.9% → 34.2%
+8.3 pts
Median age
38.1 → 39
+0.9 yrs

Household income in the area moved from $52,354 to $70,705 across the same window, up 35.1% versus 2021. Headcount in the area went from 14,742 to 13,919 between 2021 and 2024, a 5.6% change. About 39.7% of households rent today, against 41.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 25.9% to 34.2%.

Community

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Local insights

Tips for renters in ZIP 37416

About renting in ZIP 37416

Last updated: July 20, 2026

ZIP code 37416 covers Chattanooga, TN. The median rent here is $1,328/mo as of July 2026. A 1-bedroom rents for a median of $1,240/mo. A 2-bedroom rents for a median of $1,360/mo.

At 23% of local median household income ($70,705/yr), ZIP 37416 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 37416?

As of July 20, 2026, the median monthly rent in ZIP 37416 (Chattanooga, TN) is $1,328. This is based on aggregated data from public sources and community submissions.

How does ZIP 37416 rent compare to the US average?

ZIP 37416's median rent of $1,328/mo is $637 (32%) below the US national median of $1,965/mo.

How does ZIP 37416 compare to other ZIPs in Tennessee?

ZIP 37416 is among the more affordable ZIP codes in Tennessee, ranking #118 out of 145 ZIPs at $1,328/mo.

How much income do you need to rent in ZIP 37416?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,328/mo in ZIP 37416. The local median household income is $70,705/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 37416?

Rent in ZIP 37416 has decreased 3.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 37416 an affordable place to rent?

ZIP 37416 is considered very affordable for renters. At $1,328/mo, rent takes approximately 23% of the local median household income ($70,705/yr). The standard benchmark is 30%. ZIP 37416 falls comfortably within that range.

What percentage of ZIP 37416 residents rent vs. own?

According to Census data, approximately 39.7% of ZIP 37416 households are renters, while 60.3% are owner-occupied. ZIP 37416 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 37416 compare to the rest of Chattanooga?

ZIP 37416 is more affordable than Chattanooga overall. At $1,328/mo, it's $177 below the Chattanooga citywide median of $1,505/mo.

When was rent data for ZIP 37416 last updated?

Rent data for ZIP 37416 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,328/mo, rent takes ~23% of ZIP 37416's median household income ($70,705/yr). The standard benchmark is 30%.

ZIP 37416 23%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 37416 (Chattanooga, TN)

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