|
|
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) |
