Staff photo by Matt Hamilton / A faded East Lake Neighborhood Association sign sits atop a street sign at the corner of Fourth Avenue and East 34th Street in the East Lake neighborhood on Friday. Clifton Hills, East Lake and Avondale are among the areas where people making half the area median income can still afford to live.
Most of the new homes constructed in Chattanooga are going up in neighborhoods with high property values and low levels of financial distress.
Between 2018 and 2022, builders constructed three-quarters of the city's new housing units — 4,313 of the 5,784 permitted — in communities where the median sales price ranges...
