Chattanooga, Tennessee

Chattanooga, Tennessee is one of the top markets for homes in the United States.

In a recent report, Chattanooga was ranked alongside a list of cities that included Spokane, Knoxville, and Portland, Maine. These cities are ranked high because of their greater inventory, cost of living is more affordable, and they all have strong job markets.

In the past, home purchasers flocked to the suburbs when home prices were high. However, suburbs have become high in price, as house costs have reached record highs. This is causing home buyers to look outside of familiar areas as their options dwindle from prices that are too high in top job locations.

The median list cost of a home in Chattanooga is $230,000. The household median income is $39,683. Job growth of 2.6% is predicted for our current year.

Chattanooga can boast some good quality life benefits. These include lakes and mountains that are easily accessible, as well as a good nightlife with plenty of restaurants. Also, East Brainerd is well liked by new families and young couples. And for those families and professionals who have achieved greater wealth, Hixson is home to a high-end real estate market.

Volkswagen is a huge addition to the city’s economy. A $1 billion production facility was completed recently in Chattanooga. This facility is part of Volkswagen headquarters in North American that is responsible for manufacturing.

And it gets better. Volkswagen just committed to an additional $600 million investment which will produce 2,000 new jobs.