Why Live in Signal Mountain
Signal Mountain, TN, is a small town known for its scenic beauty and historical significance, with a population of just under 9,000 residents. The town is named after Signal Point, a landmark used historically for communication across the Tennessee River Valley. Residents enjoy access to numerous hiking trails with stunning valley views and waterfalls, including the 80-foot-tall Rainbow Falls. Signal Mountain is part of the Hamilton County School District, with highly rated schools such as Signal Mountain Middle/High School. The town spans 8 square miles and features 600 acres of parks and natural areas, including Shackleford Ridge County Park and Prentice Cooper State Forest. Local amenities are centered along Ridgeway Avenue, where residents can find Pruett’s upscale grocery store, restaurants, and shops. The Mountain Arts Community Center serves as a cultural hub for fine art, music, and theater. Signal Mountain is also known for participating in The World’s Longest Yard Sale each August. While the town lacks public transportation, U.S. Route 127 provides an 8-mile commute to Chattanooga, which offers additional employment, shopping, dining, and entertainment options. The Chattanooga Airport is 10 miles southeast. Despite some concerns about aging sewer systems, a $40 million investment by the Hamilton County Water and Wastewater Treatment Authority is addressing these issues. The town's crime rates have been generally lower than the national average since 2020, contributing to its appeal.
Frequently Asked Questions
What is the average home price in Signal Mountain, TN?
Homes for sale in Signal Mountain, TN have an average home price of $791,949.
Are home prices dropping in Signal Mountain?
Yes, home prices in Signal Mountain are down 12% in the last 12 months.
How many homes have sold over the last 12 months in Signal Mountain, TN?
381 homes have sold in Signal Mountain, TN over the last 12 months.
What are the most popular zip codes in Signal Mountain, TN?
How much do you need to make to afford a house in Signal Mountain?
The median home price in Signal Mountain is $725,000. If you put a 20% down payment of $145,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $3,750 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $161K a year to afford the median home price in Signal Mountain.
How are the schools in Signal Mountain, TN?
Home Trends in Signal Mountain, TN
On average, homes in Signal Mountain, TN sell after 48 days on the market compared to the national average of 50 days. The median sale price for homes in Signal Mountain, TN over the last 12 months is $665,000, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$665,000
Median Single Family Sale Price
$704,000
Median 2 Bedroom Sale Price
$382,950
Average Price Per Sq Ft
$251
Number of Homes for Sale
69
Last 12 months Home Sales
381
Median List Price
$725,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-3%
