Is Chattanooga a good real estate investment?
Is Chattanooga a good real estate investment? With gains in both sales and home prices expected to outstrip the national average, Realtor.com recently ranked Chattanooga as one of the top markets for real estate in 2020.
Is Chattanooga a hot real estate market? Prices continue to grow relative to last year, and appreciation rates are outpacing the national average. Over the course of a year, homes in the Chattanooga housing market have appreciated by as much as 8.8 percent.
Is Chattanooga a buyers market? Chattanooga, TN is a buyer’s market in July 2022, which means that the supply of homes is greater than the demand for homes.
How much do you have to put down on an investment property in Tennessee? A down payment of at least 20%. If you’d like a lower rate, make a 25%+ down payment. (On the plus side, there is no mortgage insurance when you put down 20% or more.)