Market Overview
Home Prices in East Ridge, TN
The median home value in East Ridge, TN is $261,515 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.9% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in East Ridge are priced36% below average. East Ridge is part of the Chattanooga, TN-GA metro area.
Over the past five years, East Ridge home values have risen by approximately32.5%, reflecting strong long-term appreciation in this market.
Price History
East Ridge Home Price Trend
City Comparison
East Ridge vs. National Median
At $261,515, homes in East Ridge cost 36% below the national median of $410,000. This makes East Ridge a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in East Ridge?
20% Down Payment
$52,303
on $261,515
Monthly P&I
$1,364/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,732/mo
incl. taxes & insurance
Income Needed
$69,280
gross annual (30% rule)
10% Down Option
$26,152
+ PMI applies
Loan Amount (20% dn)
$209,212
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in East Ridge, TN?
The median home value in East Ridge is $261,515 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.9% year-over-year.
How much have home prices changed in East Ridge?
Over the past year, home values in East Ridge have decreased by 1.9%. Over five years, prices have risen approximately 32.5%.
How much do I need to earn to buy a home in East Ridge?
To comfortably afford the median home price of $261,515 with a 20% down payment ($52,303) at today's rates (6.8%), you'd need a gross annual income of approximately $69,280. This assumes keeping total housing costs at or below 30% of gross income.
How does East Ridge compare to the national average home price?
The national median home value is approximately $410,000. At $261,515, homes in East Ridge are 36% below the national average.
What metro area is East Ridge part of?
East Ridge is part of the Chattanooga, TN-GA metropolitan area. Home prices and market conditions can vary across the broader metro region.