Read the State of the Region 2010: Housing report.
Key findings of the report include:
Between 2000 and 2010, the Chattanooga Metropolitan Statistical Area (MSA) grew by nearly 50,000 residents. Hamilton County, with nearly two-thirds of the population, accounted for 61 percent of the growth. Sequatchie County led the 6-county metro area with a 22.4 percent increase in population—more than two times the metro average.
Chattanooga’s 10.2 percent population increase between 2000 and 2009 led Hamilton County (9.5%) and the MSA (10.0%). The growth rate for Chattanooga was about four times the rate of population growth in the 1990s. Excluding Chattanooga, population in the rest of Hamilton County grew by 8.9 percent—compared to 14.5 percent in the 1990s.
Within Hamilton County, Ooltewah/Summit (88.0 percent), Hickory Valley/Hamilton Place (47.4 percent), Harrison Bay (43.4 percent), Mountain Creek/Moccasin Bend (40.3 percent) and Northgate/Big Ridge (38.6 percent) had the greatest increases in occupied housing since 2000. The slowest growing subregions were Brainerd (3.2 percent), Glenwood/Eastdale (2.8 percent), South Chattanooga (2.2 percent), Bushtown/Highland Park (0.6 percent) and Amnicola/East Chattanooga (-0.8 percent).
In the metro area, most housing is single unit (72.8 percent) and owner occupied (70.0 percent). The rate of owner occupied housing ranges from 67 percent in Hamilton County to 78 percent in Marion and Catoosa counties. With a population density of 274.3 people per square mile, Hamilton County is ten times the density of Catoosa County. Overall, the metro area’s population density increased by 11.4 percent since 2000.
Between 2000 and 2009, over 27,000 building permits were issued in the metro area. The number of single unit permits issued peaked in 2005, declining 70% by 2009. Multi-unit permits have declined from a high of 630 in 2001 to 132 in 2009—a 79 percent drop. During the nine-year period, 85 percent of the building permits were for single family units. Hamilton County accounted for 61 percent of all permits, but 65 percent of multi-family permits.
Since 2000, living costs in Hamilton County have been rising faster than income. For homeowners in Hamilton County, cost increased by 33.4 percent, while income grew by 23.3 percent. For renters, costs increased by 27.5 percent – more than double the increase in renter median income. In Hamilton County, the median sales price for homes reached a peak of $150,000 in 2008, up 27 percent from 2002, before dropping to $140,000 in 2009.
Population and Housing in the Metro Area
Population and Housing in 4 Tennessee Counties
For information about individual neighborhoods, click here.