What is the median home value in ZIP 37351 in Hamilton County, TN?

The median home value in ZIP 37351 in Hamilton County, TN is $282,100, according to the latest Census ACS 5-Year Estimates.

How much new construction is happening in Hamilton County, TN?

Hamilton County has 370,913 residents and issued 1,995 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Chattanooga, TN-GA · Tennessee

Hamilton County

ZIP 37351

370,913 residents1,995 permits TTM$72,568 median HHI26 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$282,100

ACS 5-Year

Cap rate proxy

5.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

19.2%

HUD FMR ÷ ACS HHI

Net migration

+1.81%

IRS SOI

Permits (TTM)

1,995

Census BPS

Climate risk

93.3

FEMA NRI (0–100)

ZIP 37351

Median home value

$282,100

Gross yield

6.3%

Cap rate

4.9%

Rent gap

21.4%

Affordability

P/I: 3.1R/I: —

Section 8 detail

SAFMR: $1,480Rent: $1,163Gap: 27.3%

ZIP code breakdown26 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
37302	$529,948	$1,310	3.0%	2.6%	11.2%
37308	$344,546	$1,060	3.7%	4.1%	-9.7%
37315	$282,100county est.	$1,870	8.0%	4.9%	37.8%
37336	$370,216	$1,250	4.1%	3.8%	7.0%
37341	$334,031	$1,510	5.4%	4.2%	23.0%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$149,197	$1,100	8.8%	11.5%	-30.4%
$128,483	$1,180	11.0%	10.9%	1.4%
$177,026	$1,200	8.1%	9.5%	-17.3%
$250,946	$1,300	6.2%	7.7%	-23.2%
$226,858	$1,340	7.1%	7.3%	-2.5%
$254,283	$1,390	6.6%	6.1%	6.8%
$285,102	$1,360	5.7%	5.9%	-3.1%
$439,275	$1,870	5.1%	5.5%	-7.2%
$357,227	$1,570	5.3%	5.3%	-0.3%
$380,323	$1,450	4.6%	5.3%	-15.1%
$609,991	$1,570	3.1%	5.2%	-69.9%
$324,770	$1,580	5.8%	5.1%	12.2%
$351,565	$1,260	4.3%	5.0%	-16.1%
$282,100county est.	$1,480	6.3%	4.9%	21.4%
$282,100county est.	$1,480	6.3%	4.9%	21.4%
$358,207	$1,830	6.1%	4.9%	20.2%
$389,188	$1,650	5.1%	4.8%	5.0%
$295,853	$1,450	5.9%	4.7%	19.8%
$415,131	$1,660	4.8%	4.3%	10.7%
$461,198	$1,520	4.0%	4.0%	-2.4%
$1,006,945	$1,900	2.3%	1.4%	38.8%

Demographics

Owner-occupied

64.3%

Census ACS

Vacancy rate

8.6%

Census ACS

Bachelor's degree +

37.0%

Census ACS

Rent burdened

43.8%

Census ACS (>30% income)

Median age

39.5

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Hamilton County

See all 26 ZIPs ranked by yield and cap rate