Growth in Chattanooga area home prices to lead Tennessee in 2022, forecast says

Staff file photo / A worker adds siding to a home under construction in Ooltewah. Home prices in the Chattanooga area are to grow faster than the rest of Tennessee's metro areas in 2022, a study shows.

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.

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