37421, Chattanooga, TN

The 37421 zip code of Chattanooga, TN has a median home value of $154,000 and a median home equity value of $86,000. The average home in this zip code was built in 1978 and is approximately 2,700 square feet. This zip code has a population of about 71,000 people and an unemployment rate of about 5%. The average household income in this zip code is about $50,000.

The 37421 zip code is located in the southeastern corner of Hamilton County and includes the neighborhoods of East Ridge, Lookout Mountain, Mission Hills and Signal Mountain. Chattanooga is the largest city in Hamilton County and has a population of about 200,000 people. The economy in Chattanooga is based primarily on healthcare services, education services and manufacturing. There are several large companies headquartered in Chattanooga including HCA Healthcare Corporation (the largest hospital company in the world), UTC Aerospace Systems Inc., First Tennessee Bank (the fifth largest bank in Tennessee) and 3M Company (the largest manufacturer of adhesive products).

Home prices have increased significantly over the past few years due to strong demand from buyers and limited supply. In March 2017 there were 1,811 homes for sale within the 37421 zip code compared to 793 homes for sale five years earlier. Over that same period there was an increase of 116% in the number of homes sold within this zip code compared to the national average which saw a growth rate of only 38%. This strong demand has driven up prices considerably relative to other areas within Hamilton County which experienced slower or no growth over that same time period. For example, while the median home value within Hamilton County as a whole increased by only 12%, the median home value within neighboring Bradley County grew by 36% over that same period!