Housing market/Tennessee/ZIP 37409
ZIP 37409 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 37409 · TN — sent to you.
ZIP 37409 · TN
ACS rent vs 2BR SAFMR
ZIP 37409 — 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 37409
- 1-unit detached1,36079.1%
- 1-unit attached412.4%
- 2–4 units26515.4%
- 5–49 units533.1%
2–4 unit share 15.4% · 5–49 unit share 3.1% · combined 2–49 18.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,138 (all bedrooms, occupied rentals).
- Median contract rent $969.
- Renters paying ≥30% of income 39.8%; ≥50% 23.1%.
- FY2027 2BR SAFMR $1,440 (1.265× ACS median gross rent).
Population
3,417 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +27.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 47 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 37409 42.4% of occupied households are renters; vacancy is 10.9%; ACS median gross rent is $1,138; population increased +27.0% between the 2018 and 2023 ACS vintages; the housing stock includes 265 units in 2–4-unit structures and 53 units in 5–49-unit structures; 1 LIHTC projects totaling 47 units; FY2027 2BR SAFMR is $1,440 versus ACS median gross rent of $1,138. 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 37409 is a Census / HUD profile for Chattanooga, TN (St. Elmo). Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 37409 — 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 37409?
ZIP 37409 (Chattanooga, TN-GA MSA) has 3,417 residents, 1,531 households, a renter share of 42.4%, median household income of $75,076, and ACS 2023 median gross rent of $1,138. Vacancy is 10.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 37409?
ACS counts 176 units in 2-unit buildings, 89 in 3–4 unit buildings, 8 in 5–9, 0 in 10–19, and 45 in 20–49. Combined 2–49 unit stock is 318 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 37409?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,440. See the full schedule and 90–110% payment-standard band on the ZIP 37409 — Chattanooga, TN HUD Section 8 Payment Standards / SAFMR.
Does this Tennessee ZIP profile include Georgia listings?
No. ZIP 37409 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.