Cities with the most expensive homes in the Chattanooga metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $358,761 in November, 2.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of December 19, the 30-year fixed mortgage rate sits at 6.72%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Chattanooga metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 34 cities and towns.
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#30. Powells Crossroads, TN
– Typical home value: $201,987
– 1-year price change: +1.5%
– 5-year price change: +55.7%
#29. Whitwell, TN
– Typical home value: $206,500
– 1-year price change: +2.1%
– 5-year price change: +45.9%
#28. Lafayette, GA
– Typical home value: $210,385
– 1-year price change: +2.2%
– 5-year price change: +57.6%
#27. Wildwood, GA
– Typical home value: $220,437
– 1-year price change: +5.1%
– 5-year price change: +67.5%
#26. Trenton, GA
– Typical home value: $221,134
– 1-year price change: +4.1%
– 5-year price change: +57.5%
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#25. Sequatchie, TN
– Typical home value: $229,600
– 1-year price change: +1.2%
– 5-year price change: +53.4%
#24. Jasper, TN
– Typical home value: $236,977
– 1-year price change: +2.3%
– 5-year price change: +53.9%
#23. Fort Oglethorpe, GA
– Typical home value: $238,742
– 1-year price change: +4.9%
– 5-year price change: +66.4%
#22. Flintstone, GA
– Typical home value: $242,497
– 1-year price change: +3.8%
– 5-year price change: +61.8%
#21. Dunlap, TN
– Typical home value: $244,212
– 1-year price change: +4.7%
– 5-year price change: +59.9%
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#20. Chickamauga, GA
– Typical home value: $245,522
– 1-year price change: +2.9%
– 5-year price change: +54.5%
#19. East Ridge, TN
– Typical home value: $246,983
– 1-year price change: +3.3%
– 5-year price change: +64.8%
#18. Kimball, TN
– Typical home value: $251,724
– 1-year price change: +4.4%
– 5-year price change: +59.2%
#17. Sale Creek, TN
– Typical home value: $274,810
– 1-year price change: +3.2%
– 5-year price change: +46.2%
#16. Rising Fawn, GA
– Typical home value: $290,622
– 1-year price change: +5.3%
– 5-year price change: +61.0%
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#15. Red Bank, TN
– Typical home value: $295,338
– 1-year price change: +3.3%
– 5-year price change: +56.7%
#14. Rock Spring, GA
– Typical home value: $303,346
– 1-year price change: +4.7%
– 5-year price change: +62.3%
#13. Chattanooga, TN
– Typical home value: $304,539
– 1-year price change: +3.3%
– 5-year price change: +55.7%
#12. Ringgold, GA
– Typical home value: $305,152
– 1-year price change: +3.9%
– 5-year price change: +60.9%
#11. Monteagle, TN
– Typical home value: $323,787
– 1-year price change: +4.0%
– 5-year price change: +58.8%
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#10. Harrison, TN
– Typical home value: $327,830
– 1-year price change: +4.1%
– 5-year price change: +58.9%
#9. Birchwood, TN
– Typical home value: $329,187
– 1-year price change: +2.9%
– 5-year price change: +57.3%
#8. Soddy-Daisy, TN
– Typical home value: $335,110
– 1-year price change: +4.1%
– 5-year price change: +53.9%
#7. Lakesite, TN
– Typical home value: $394,179
– 1-year price change: +4.2%
– 5-year price change: +55.7%
#6. Collegedale, TN
– Typical home value: $408,201
– 1-year price change: +3.1%
– 5-year price change: +55.5%
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#5. Lookout Mountain, GA
– Typical home value: $417,367
– 1-year price change: +6.0%
– 5-year price change: +54.6%
#4. Ooltewah, TN
– Typical home value: $441,992
– 1-year price change: +3.8%
– 5-year price change: +55.8%
#3. Signal Mountain, TN
– Typical home value: $577,414
– 1-year price change: +6.9%
– 5-year price change: +62.9%
#2. Walden, TN
– Typical home value: $643,645
– 1-year price change: +5.8%
– 5-year price change: +62.3%
#1. Lookout Mountain, TN
– Typical home value: $972,414
– 1-year price change: +9.2%
– 5-year price change: +73.8%
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By Stacker
