3-digit ZIP regional index
Home appreciation in ZIP codes 374xxChattanooga, TN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 374 changed +0.9% over the year to Q2 2026, compared with +2.6% for Tennessee and +3.0% for the United States.
The region covers ZIP codes 37402–37421. Most of its 2010 population lived in Hamilton County (99%). Communities in the region include East Ridge, Red Bank, Harrison, Ridgeside, Falling Water. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +0.9%
- 5-year change
- +49.1%
- Since Q1 1995
- +352%
- National rank (1 year)
- 770th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 374 vs Tennessee and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 374: 451.7
- Tennessee: 413.2
- Chattanooga, TN-GA metro: 414.7
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 374 | TN | U.S. | Gap vs TN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.9% | +2.6% | +3.0% | −1.7 pts | −2.2 pts |
| 3 years | +11.5% | +11.8% | +12.9% | −0.4 pts | −1.4 pts |
| 5 years | +49.1% | +50.0% | +41.3% | −0.9 pts | +7.8 pts |
| 10 years | +128% | +119% | +93.3% | +8.4 pts | +34.2 pts |
| Since Q1 1995 | +352% | +313% | +292% | +38.4 pts | +60.1 pts |
If you bought in ZIP3 374 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +330% | $1,289,466 |
| Q2 2000 | +250% | $1,050,465 |
| Q2 2005 | +170% | $810,854 |
| Q2 2010 | +157% | $771,038 |
| Q2 2015 | +137% | $710,071 |
| Q2 2020 | +72.4% | $517,076 |
| Q2 2021 | +49.1% | $447,361 |
| Q2 2023 | +11.5% | $334,444 |
| Q2 2025 | +0.9% | $302,586 |
How ZIP3 374 ranks
Over the past year ZIP3 374 ranks 770th of 882 3-digit ZIP regions nationally and 13th of 15 in Tennessee. Its one-year change is −2.2 pts versus the nation and −1.7 pts versus Tennessee. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Tennessee |
|---|---|---|
| 1 year | 770th of 882 | 13th of 15 |
| 3 years | 658th of 882 | 10th of 15 |
| 5 years | 291st of 882 | 10th of 15 |
| 10 years | 49th of 882 | 7th of 15 |
| Since Q1 1995 | 166th of 879 | 2nd of 15 |
Boom, bust, and recovery in ZIP3 374
ZIP3 374's index peaked in Q1 2008, fell 7.5% to its low in Q2 2011, and regained its peak in Q2 2015, about 7.2 years after the top. Today it sits +138% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 374 | Q1 2008 | Q2 2011 | -7.5% | Q2 2015 (7.2 yrs) | +138% |
| TN | Q1 2008 | Q2 2011 | -8.9% | Q2 2015 (7.2 yrs) | +134% |
| Metro | Q1 2008 | Q2 2011 | -7.5% | Q3 2015 (7.5 yrs) | +128% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 374's index has changed +104% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 374 after inflation | TN after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -2.9% | -1.2% | -1.9% | -0.8% |
| 3 years | +9.8% | +1.5% | +1.9% | +3.1% | +2.8% |
| 5 years | +24.0% | +20.2% | +20.9% | +22.1% | +13.9% |
| 10 years | +39.1% | +63.6% | +57.5% | +58.0% | +39.0% |
| Since Q1 1995 | +121% | +104% | +86.6% | +87.3% | +76.8% |
Estimate appreciation for a home in ZIP3 374
Regional estimate
$682,567
- Estimated gain
- $382,567
- Index change
- +128%
- Start index
- 198.53
- End index
- 451.70
ZIP3 374 (Chattanooga, TN area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 373 · Cleveland, TN area | TN | +2.6% | +55.5% | +306% |
| 307 · Dalton, GA area | GA | +4.2% | +56.0% | +282% |
| 359 · Gadsden, AL area | AL | +2.9% | +51.0% | +243% |
| 289 · Andrews, NC area | NC | +3.4% | +57.2% | +279% |
| 357 · Madison, AL area | AL | +1.4% | +43.9% | +221% |
| 385 · Cookeville, TN area | TN | +4.4% | +55.4% | +314% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 451.70 |
| Q1 2026 | 459.50 |
| Q4 2025 | 453.22 |
| Q3 2025 | 446.68 |
| Q2 2025 | 447.84 |
| Q1 2025 | 439.64 |
| Q4 2024 | 441.87 |
| Q3 2024 | 443.94 |
| Q2 2024 | 440.50 |
| Q1 2024 | 423.89 |
| Q4 2023 | 412.31 |
| Q3 2023 | 413.13 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 374?
- Based on FHFA HPI® data for 3-digit ZIP region 374, the regional index changed +0.9% over the year to Q2 2026, +49.1% over five years, +128% over ten years, and +352% since Q1 1995.
- Is ZIP3 374 appreciating faster than Tennessee and the U.S.?
- Over the past year the region's index +0.9% compares with +2.6% for Tennessee and +3.0% for the U.S., a gap of −2.2 pts versus the nation. Over five years the gap versus the nation is +7.8 pts.
- Which ZIP codes are in 3-digit ZIP region 374?
- All ZIP codes that begin with 374. Census 2010 ZIP Code Tabulation Areas in this region run from 37402 to 37421 (15 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.