Quick facts: Ooltewah, TN

Quick Facts

99.5
Cost of Living
below US average
462
Population
324.68
Crime Rate per 1000
above US average
$60,114
Median Income
below US average
$449,000
Median House Price
above US average
$2523.68
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $60,114.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $449,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $60,114
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Income Needed to Rent

⚠ Stretch
$108k/year
Based on $2523.68/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $108k vs median $60,114
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ooltewah, TN

Ooltewah is a charming suburb located in Hamilton County, Tennessee, just northeast of Chattanooga. Known for its picturesque landscapes and family-friendly atmosphere, Ooltewah offers a blend of rural charm and modern conveniences. The area experiences a temperate climate, with lush greenery and beautiful rolling hills, making it ideal for outdoor activities such as hiking, biking, and golfing. The community is home to several parks, including the popular Ooltewah's Veteran's Park, which features walking trails, picnic areas, and sports facilities. Ooltewah is also known for its strong sense of community, highlighted by local events and festivals that bring residents together. In terms of education, Ooltewah is served by Hamilton County Schools, which include several well-rated elementary, middle, and high schools. The town is also conveniently located near major highways, providing easy access to downtown Chattanooga, where residents can enjoy a wider array of shopping, dining, and cultural experiences. Overall, Ooltewah is an ideal location for families and individuals looking for a peaceful suburban lifestyle with proximity to urban amenities.

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