ZIP Code 37402 — Chattanooga, TN Home Prices (2026)
The typical home in ZIP 37402 (Chattanooga, Tennessee) is worth about $446,000 at roughly $508 per square foot — 52% more expensive than the Chattanooga median and 52% more expensive than the typical U.S. home.
How 37402 compares
ZIP 37402 is one of the pricier ZIP codes in Chattanooga: its typical home value of $446,000 ranks #1 of the 13 Chattanooga ZIP codes we track (the citywide range runs from $127,000 in 37407 to $446,000 in 37402). Per square foot it costs about $508, against $214 for Chattanooga as a whole, $211 for Tennessee, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 37402 | $446,000 | $508 |
| Chattanooga, TN | $293,000 | $214 |
| Tennessee | $272,500 | $211 |
| United States | $294,000 | $195 |
Home value by size in 37402
Using this ZIP’s rate of about $508 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $508,000 |
| 1,500 sq ft | $762,000 |
| 2,000 sq ft | $1,016,000 |
| 2,500 sq ft | $1,270,000 |
| 3,000 sq ft | $1,524,000 |
Salary needed to buy a home in ZIP 37402
To buy the typical $446,000 home in ZIP 37402 with 20% down, you need a household income of roughly $121,000 a year (about $2,830 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $144,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $22,300 | $3,520/mo | $151,000/yr |
| 10% (+PMI) | $44,600 | $3,360/mo | $144,000/yr |
| 20% | $89,200 | $2,830/mo | $121,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 37402
At about $508 per square foot, here is roughly how much home different budgets get you in ZIP 37402:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $250k | 490 sq ft | below the local median — condos, smaller or older homes |
| $300k | 590 sq ft | below the local median — condos, smaller or older homes |
| $400k | 790 sq ft | around the typical home here |
| $500k | 980 sq ft | around the typical home here |
| $600k | 1180 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 37402 home.
Estimate a specific home in 37402
The estimator below is pre-set to ZIP 37402 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Chattanooga ZIP codes by home value
Where 37402 sits among Chattanooga’s 13 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 37402 (this page) | $446,000 | $508 |
| 2 | 37408 | $410,000 | $291 |
| 3 | 37409 | $402,000 | $289 |
| 4 | 37403 | $392,000 | $280 |
| 5 | 37419 | $381,000 | $254 |
| 6 | 37421 | $365,000 | $203 |
| 7 | 37416 | $293,000 | $208 |
| 8 | 37404 | $258,000 | $219 |
| 9 | 37351 | $235,000 | $195 |
| 10 | 37411 | $234,000 | $195 |
| 11 | 37406 | $182,000 | $194 |
| 12 | 37410 | $157,000 | $214 |
| 13 | 37407 | $127,000 | $188 |
ZIP 37402 home prices: frequently asked
What is the average home price in ZIP code 37402? +
What is the price per square foot in 37402? +
What salary do you need to buy a house in ZIP 37402? +
Is 37402 an expensive ZIP code? +
See the full Chattanooga home values page, all Tennessee cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.