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Housing market/Tennessee/ZIP 37408

ACS 2023 · FY2027 SAFMR

ZIP 37408 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.

Population
3,029
Households
1,546
Median HH income
$91,000
Renter share
67.1%
Median gross rent
$1,338
Vacancy
20.5%
Pop. change
+79.2%
2BR SAFMR
$1,690
SAFMR / rent
1.263×
2–49 unit stock
507
LIHTC proj / units
4 / 243
HUD assisted MF
1 / 153

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 37408 · TN — sent to you.

ZIP 37408 · TN

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ACS rent vs 2BR SAFMR

ZIP 37408 — Chattanooga, TN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,338
2BR SAFMR$1,690
90% floor$1,521
110% ceiling$1,859

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 37408

  • 1-unit detached42822.0%
  • 1-unit attached24812.8%
  • 2–4 units904.6%
  • 5–49 units41721.4%
  • 50+ units72237.1%
  • Mobile402.1%
TypeUnitsShare
1-unit detached42822.0%
1-unit attached24812.8%
2 units (duplex)281.4%
3–4 units623.2%
5–9 units703.6%
10–19 units944.8%
20–49 units25313.0%
50+ units72237.1%
Mobile402.1%

2–4 unit share 4.6% · 5–49 unit share 21.4% · combined 2–49 26.1%.

Units by bedrooms

Studio
247
1BR
600
2BR
504
3BR
508
4BR
79
5+
7

Rent burden

Rent ≥30% of income37.7%
Rent ≥50% of income18.7%
  • ACS median gross rent $1,338 (all bedrooms, occupied rentals).
  • Median contract rent $1,284.
  • Renters paying ≥30% of income 37.7%; ≥50% 18.7%.
  • FY2027 2BR SAFMR $1,690 (1.263× ACS median gross rent).

Population

3,029 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +79.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 243 units.
  • HUD project-based assisted MF: 1 properties, 153 assisted units.
  • 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 37408 67.1% of occupied households are renters; vacancy is 20.5%; ACS median gross rent is $1,338; population increased +79.2% between the 2018 and 2023 ACS vintages; the housing stock includes 90 units in 2–4-unit structures and 417 units in 5–49-unit structures; 4 LIHTC projects totaling 243 units; FY2027 2BR SAFMR is $1,690 versus ACS median gross rent of $1,338. 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 37408 is a Census / HUD profile for Chattanooga, TN (Southside). Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 37408 — Chattanooga, TN HUD Section 8 Payment Standards / SAFMR·Tennessee ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
30707Chattanooga, TN-GA MSA16.8%$888$1,07030725Chattanooga, TN-GA MSA14.1%$780$1,00030726Chattanooga, TN-GA MSA——$1,19030728Chattanooga, TN-GA MSA30.8%$820$1,00030738Chattanooga, TN-GA MSA7.1%—$1,06030739Chattanooga, TN-GA MSA10.7%$886$1,22030741Chattanooga, TN-GA MSA29.9%$965$1,20030742Chattanooga, TN-GA MSA63.8%$931$1,20030750Chattanooga, TN-GA MSA13.0%$961$1,17030752Chattanooga, TN-GA MSA25.7%$890$1,07030757Chattanooga, TN-GA MSA38.3%$683$1,08037302Chattanooga, TN-GA MSA25.6%$950$1,180

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 37408?

ZIP 37408 (Chattanooga, TN-GA MSA) has 3,029 residents, 1,546 households, a renter share of 67.1%, median household income of $91,000, and ACS 2023 median gross rent of $1,338. Vacancy is 20.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 37408?

ACS counts 28 units in 2-unit buildings, 62 in 3–4 unit buildings, 70 in 5–9, 94 in 10–19, and 253 in 20–49. Combined 2–49 unit stock is 507 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 37408?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,690. See the full schedule and 90–110% payment-standard band on the ZIP 37408 — Chattanooga, TN HUD Section 8 Payment Standards / SAFMR.

Does this Tennessee ZIP profile include Georgia listings?

No. ZIP 37408 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.