Chattanooga home prices, which already have seen a steep climb in recent years, are projected to rise faster in 2022 than any other metro area in Tennessee, a new report shows.
Realtor.com has home prices growing 6.9% in the Chattanooga area in 2022 over the current year.
That rate of growth puts Chattanooga among the top three metros in the South, with the other two located in fast-growing Florida, the forecast shows.
Robert Backer, the Chattanooga Association of Realtors president, said the coronavirus put Chattanooga on the map as a destination city, and that's helping drive the growth in home prices.
Backer cited the city's cost of living, proximity to Nashville, Atlanta and the Carolinas, and that Tennessee is a no-income-tax state.
"We're on the radar," he said.
Backer said many people found they can work from home amid the pandemic.