Median Home Price
$347,462.88
Median Rent
$1,500.05/mo
Price-to-Rent RatioTIE
19.3
Property Tax RateTIE
0.71%
Price Change (1Y)
-0.3%
Price Change (5Y)
-1.6%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$190,436
Median Home PriceBETTER
$318,518.17
Median RentBETTER
$1,385.59/mo
Price-to-Rent RatioTIE
19.2
Property Tax RateTIE
0.71%
Price Change (1Y)BETTER
-0.3%
Price Change (5Y)BETTER
-1.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$175,435
Key Differences
Home Prices
Chattanooga's median home price of $347,462.88 is higher than Clarksville's $318,518.17 by 9%.
Monthly Rent
Renting in Chattanooga costs $1,500.05/mo compared to $1,385.59/mo in Clarksville—a difference of $114.46/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.