The Difference Between Houses in Chattanooga, TN, and Homes in Memphis, TN

Oct 28, 2020

If you’re looking to sell your home and make a move to Tennessee, there are tons of great cities to choose from throughout the Volunteer State. Outside of Nashville and Knoxville, the two biggest cities in the state are Memphis and Chattanooga. So, if you’re considering a move to Tennessee,…

Written By Offer Hut

If you’re looking to sell your home and make a move to Tennessee, there are tons of great cities to choose from throughout the Volunteer State. Outside of Nashville and Knoxville, the two biggest cities in the state are Memphis and Chattanooga. So, if you’re considering a move to Tennessee, which city is better to live in? They each have their own merits but are distinctly different places with varied housing prices and activities for you to discover.

 

 

Demographics

As of July 2020, the U.S. Census reported that around 651,000 people were estimated to live in Memphis, making it the second most populated city in Tennessee (after Nashville). There are around 250,000 households with an average of 2.5 people per household. 85% of Memphis residents have a high school diploma or further education, and the median household income is around $39,000.

Chattanooga, on the other hand, reports a population of around 183,000 people, making it the fourth most populated city in Tennessee (with Knoxville in third place). There are around 72,000 households averaging around 2.31 people per household. 87% of those living in Chattanooga have at least a high school diploma, and the city’s median household income is around $44,000.

 

 

Housing Prices

If you’re wanting to sell your house and move to Memphis, you can expect home prices to average around $103,700, according to Zillow. Housing prices have been steadily rising in Memphis with an increase in price of 11.5% in the past year alone. Zillow predicts that, by September 2021, the average house price will increase an extra 8.4%.=

Want to sell your home in Tennessee and relocate to Chattanooga? You’ll be looking at houses with an average price of around $185,700. While this city has also experienced a price increase lately, it’s been lower than what Memphis has experienced. Chattanooga’s average housing price has increased 7.5% over the past year, and it’s expected to keep increasing by the same rate over the next year.

 

 

Nearby Activities

One of the biggest differences between houses in Memphis and Chattanooga is their surroundings. If you’re interested in history, music, and barbecue, Memphis is the place for you. Popular attractions throughout the city include Graceland (former home of Elvis Presley), Beale Street, the National Civil Rights Museum, and the Memphis Zoo.

On the other hand, Chattanooga is known for its awesome outdoor activities and incredible education. Rick City and Ruby Falls are huge attractions here, as well as all the opportunities to be found at the University of Tennessee at Chattanooga. You can also enjoy the Chattanooga Choo Choo, the Tennessee Aquarium, and Lookout Mountain.

 

 

If you’re thinking you want to sell your home in Memphis and move to Chattanooga, or perhaps go the other way around, you’re in for a completely different experience. The good news is that both cities have tons to see and do, as well as some incredible houses to begin your new chapter of life. Good luck with your next adventure!

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