ZIP Code 37416 — Chattanooga, TN Home Prices (2026)
The typical home in ZIP 37416 (Chattanooga, Tennessee) is worth about $293,000 at roughly $208 per square foot — about the same as the Chattanooga median and about the same as the typical U.S. home.
How 37416 compares
ZIP 37416 is a mid-priced ZIP code for Chattanooga: its typical home value of $293,000 ranks #7 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 $208, against $214 for Chattanooga as a whole, $211 for Tennessee, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 37416 | $293,000 | $208 |
| Chattanooga, TN | $293,000 | $214 |
| Tennessee | $272,500 | $211 |
| United States | $294,000 | $195 |
Home value by size in 37416
Using this ZIP’s rate of about $208 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 | $208,000 |
| 1,500 sq ft | $312,000 |
| 2,000 sq ft | $416,000 |
| 2,500 sq ft | $520,000 |
| 3,000 sq ft | $624,000 |
Salary needed to buy a home in ZIP 37416
To buy the typical $293,000 home in ZIP 37416 with 20% down, you need a household income of roughly $80,000 a year (about $1,860 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $95,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $14,700 | $2,310/mo | $99,000/yr |
| 10% (+PMI) | $29,300 | $2,210/mo | $95,000/yr |
| 20% | $58,600 | $1,860/mo | $80,000/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 37416
At about $208 per square foot, here is roughly how much home different budgets get you in ZIP 37416:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 720 sq ft | below the local median — condos, smaller or older homes |
| $200k | 960 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1200 sq ft | around the typical home here |
| $300k | 1440 sq ft | around the typical home here |
| $400k | 1920 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 37416 home.
Estimate a specific home in 37416
The estimator below is pre-set to ZIP 37416 — 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 37416 sits among Chattanooga’s 13 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 37402 | $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 (this page) | $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 37416 home prices: frequently asked
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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.