Housing market/Tennessee/ZIP 37407
ZIP 37407 Chattanooga, Tennessee
Chattanooga, TN-GA MSA · Tennessee. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 37407 · TN — sent to you.
ZIP 37407 · TN
ACS rent vs 2BR SAFMR
ZIP 37407 — Chattanooga, TN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 37407
- 1-unit detached2,67075.4%
- 1-unit attached501.4%
- 2–4 units44712.6%
- 5–49 units2988.4%
- Mobile752.1%
2–4 unit share 12.6% · 5–49 unit share 8.4% · combined 2–49 21.0%.
Units by bedrooms
Rent burden
- ACS median gross rent $891 (all bedrooms, occupied rentals).
- Median contract rent $687.
- Renters paying ≥30% of income 40.5%; ≥50% 24.3%.
- FY2027 2BR SAFMR $1,130 (1.268× ACS median gross rent).
Population
10,164 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -3.5%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 24 units.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 24 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 37407 59.8% of occupied households are renters; vacancy is 14.2%; ACS median gross rent is $891; population changed -3.5% between the 2018 and 2023 ACS vintages; the housing stock includes 447 units in 2–4-unit structures and 298 units in 5–49-unit structures; 1 LIHTC projects totaling 24 units; FY2027 2BR SAFMR is $1,130 versus ACS median gross rent of $891. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Tennessee research
ZIP 37407 is a Census / HUD profile for Chattanooga, TN (Alton Park). Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 37407 — Chattanooga, TN HUD Section 8 Payment Standards / SAFMR·Tennessee ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Tennessee research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 37407?
ZIP 37407 (Chattanooga, TN-GA MSA) has 10,164 residents, 3,038 households, a renter share of 59.8%, median household income of $33,785, and ACS 2023 median gross rent of $891. Vacancy is 14.2%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 37407?
ACS counts 313 units in 2-unit buildings, 134 in 3–4 unit buildings, 151 in 5–9, 147 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 745 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 37407?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,130. See the full schedule and 90–110% payment-standard band on the ZIP 37407 — Chattanooga, TN HUD Section 8 Payment Standards / SAFMR.
Does this Tennessee ZIP profile include Georgia listings?
No. ZIP 37407 is Census / HUD research for Chattanooga, TN-GA MSA. Jeff Crowe CRE does not list Tennessee property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.