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Investing1 min·Jan 26, 2024

Single-Family Rental Analysis and Forecast

Summary of Current Chattanooga TN-GA Single Family Rental Market According to the Burns Single Family Rent Index™ Source: https://jbrec.com/ Metrics 2018 2019 2020 2021 2022 2023 Current Median SF Rent -Burns SF Rent Index™ $1,220 $1,247 $1,298 $1,386 $1,475 $1,600 $1,618 YOY

BJ GremillionCEO · Founder
Single-Family Rental Analysis and Forecast

Summary of Current Chattanooga TN-GA Single Family Rental Market According to the Burns Single Family Rent Index™

Source: https://jbrec.com/

Metrics201820192020202120222023Current
Median SF Rent -Burns SF Rent Index™$1,220$1,247$1,298$1,386$1,475$1,600$1,618
YOY Growth %4.7%2.2%4.1%6.8%6.4%8.5%10.6%
Burns Home Value Index™6.4%7.4%11.9%22.3%9.3%8.0%8.3%
Existing Median Home Price$159,400$177,000$195,200$221,900$255,800n/a$271,800
SF Rent-to-Income Ratio27.4%26.4%26.4%26.7%27.6%28.7%29.2%