Chattanooga Housing Market

Despite a seven percent spike in home prices nationwide (thirty-one of 117 markets had double-digit increases), Chattanooga offers an attractive housing market for those interested in purchasing a home.

 

Top US Housing Markets and 12-month Change in Median Home Price

 

 

 

 

City/Metro Area

Median home price

Median home price

Percent

1st quarter 2002

1st quarter 2003

Change

 

 

 

 

Atlanta, GA

$140,600

$146,400

4.1% increase

Baltimore, MD

$165,000

$190,000

15.2% increase

Baton Rouge, LA

$110,400

$116,000

5.1% increase

Birmingham, AL

$131,600

$131,900

0.2% increase

Boston, MA

$389,000

$413,500

6.3% increase

Buffalo/Niagara Falls, NY

$81,800

$87,500

7% increase

Charleston, SC

$153,800

$163,500

6.3% increase

Charleston, WV

$106,800

$110,400

3.4% increase

Charlotte, NC

$145,500

$146,000

0.3% increase

Chattanooga, TN/GA

$111,900

$107,000

4.4% decrease

Chicago, IL

$198,000

$220,000

11.1% increase

Columbia, SC

$116,700

$118,000

1.1% increase

Dallas, TX

$130,800

$134,900

3.1% increase

Gainesville, FL

$124,700

$132,900

6.6% increase

Indianapolis, IN

$111,900

$111,700

0.2% decrease

Jacksonville, FL

$108,500

$120,600

11.2% increase

Knoxville, TN

$117,200

$124,700

6.4% increase

Lexington/Fayette, KY

$125,300

$128,500

2.6% increase

Little Rock-N. Little Rock, AR

$91,900

$99,300

8.1% increase

Los Angeles Area, CA

$265,000

$307,900

16.2% increase

Louisville, KY/IN

$120,200

$127,800

6.3% increase

Memphis, TN/AR/MS

$123,900

$129,300

4.4% increase

Miami/Hialeah, FL

$174,100

$202,200

16.1% increase

Montgomery, AL

$108,500

$106,700

1.7% decrease

New Orleans, LA

$116,400

$123,500

6.1% increase

New York, NY

$286,200

$329,400

15.1% increase

Orlando, FL

$127,500

$137,700

8% increase

Richmond/Petersburg, VA

$129,200

$142,300

10.1% increase

San Antonio, TX

$104,000

$108,700

4.5% increase

Seattle, WA

$247,600

$250,000

1% increase

Shreveport, LA

$87,500

$96,000

9.7% increase

Sioux Falls, SD

$112,800

$122,000

8.2% increase

Springfield, IL

$83,900

$93,500

11.4% increase

Springfield, MA

$129,700

$142,400

9.8% increase

Tampa, FL

$129,200

$137,800

6.7% increase

Washington, DC/MD/VA

$229,100

$252,600

10.3% increase

 

Source: http://money.cnn.com/pf/features/lists/tophousing/sortbycity.html
(National Association of Realtors)

UT College of Medicine Chattanooga     960 East Third Street, Suite 100     Chattanooga, TN 37403     (800)947-7823, ext 6956     info@utcomchatt.org

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