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Ooltewah

Learn about the people, housing, costs and businesses in Ooltewah, Tennessee

Median Home$363,600
Median Rent$1,693/month
Population712
Leading IndustriesRetail · Wholesale Trade18% retail
Home Value Growth+3.2% over 2 years
Retirees25% of residentsabove average nationally
Renters51% of occupied units
NotableAmenity Score78/100 · highly walkable area
Ooltewah
TN

Frequently Asked Questions

What are today's mortgage rates in Ooltewah?

As of today, the 30-year fixed mortgage rate for Ooltewah is approximately 6.954% (6.995% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Ooltewah?

The median home value in Ooltewah is $364k. The median monthly rent is $1,693. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ooltewah?

Home values in Ooltewah have increased 3.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Ooltewah?

Based on a typical all-in ownership cost of $1,548/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ooltewah is $79k/year.

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What industries drive the economy in Ooltewah?

The largest employment sectors in Ooltewah are public administration (24%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.