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Foreclosures Make Great Homes in Chattanooga, Tennessee
Chattanooga, Tennessee is known as the “Scenic City.” The city is also #8 on Forbes Magazine's 100 largest metropolitan areas with the best “Bang for Your Buck.” The study measured overall housing rates, affordability, and more. Of the 73,137 current households, there are only 1,113 on foreclosure listings. There are also approximately 434 homes within the pre-foreclosure and auction stages of the foreclosure process. An average home value in Chattanooga, Tennessee was $139,314, up 0.14%, in May of 2010. Median home sales price is at about $105,375 as of August 2010. Chattanooga is also home to the University of Tennessee at Chattanooga, which is the 2nd largest campus of the University of Tennessee System.