37415, Chattanooga, TN

The 37415 zip code of Chattanooga, TN is home to a population of around 153,000 people. The median household income in this zip code is $60,000, and the median home value is $157,500. In terms of home equity, the median homeowner in this zip code has around $77,500 in total equity.

There are a number of factors that affect home prices and home equity in Chattanooga. These include local economic conditions (including job growth and wage levels), interest rates (which affect borrowing costs), and the availability of mortgage financing. Over the past few years, Chattanooga has seen strong job growth (+14% since 2012) and rising wages (+8% since 2012). As a result, housing prices have increased significantly (+27% since 2012). However, interest rates have remained relatively stable over this period (average 3%), limiting how much homeowners can borrow to buy homes.

Overall, homeowners in the 37415 zip code of Chattanooga are doing well financially. They have plenty of equity in their homes – which gives them some stability during times of economic uncertainty – and they're able to afford high-quality homes at reasonable prices.